Altus Group Limited (TSE:AIF) Receives Consensus Recommendation of “Hold” from Analysts

Altus Group Limited (TSE:AIF) has been given an average recommendation of “Hold” by the eight research firms that are currently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$56.50.

AIF has been the subject of a number of recent analyst reports. BMO Capital Markets lifted their price objective on shares of Altus Group from C$48.00 to C$54.00 in a report on Thursday, April 16th. Royal Bank Of Canada cut their price objective on shares of Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating for the company in a report on Friday, February 20th. ATB Cormark Capital Markets lifted their price objective on shares of Altus Group from C$54.00 to C$58.00 and gave the company an “outperform” rating in a report on Friday, April 17th. Finally, TD Securities cut their price objective on shares of Altus Group from C$67.00 to C$55.00 and set a “buy” rating for the company in a report on Wednesday, February 25th.

Altus Group Trading Up 0.7%

TSE AIF opened at C$41.33 on Friday. The company has a market capitalization of C$1.48 billion, a PE ratio of -2,066.50, a P/E/G ratio of 0.96 and a beta of 0.64. The company has a fifty day moving average of C$46.52 and a 200 day moving average of C$49.55. Altus Group has a 1 year low of C$36.97 and a 1 year high of C$63.07. The company has a debt-to-equity ratio of 52.00, a current ratio of 0.71 and a quick ratio of 1.30.

Altus Group (TSE:AIF) last posted its earnings results on Thursday, May 7th. The company reported C$0.42 earnings per share (EPS) for the quarter. The company had revenue of C$108.24 million during the quarter. Altus Group had a negative net margin of 3.42% and a negative return on equity of 2.76%. Research analysts forecast that Altus Group will post 1.7263823 earnings per share for the current year.

About Altus Group

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.