Altus Group Limited (TSE:AIF) Receives Average Rating of “Hold” from Brokerages

Shares of Altus Group Limited (TSE:AIF) have received an average recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$53.56.

Several equities analysts recently commented on the company. National Bankshares boosted their price target on Altus Group from C$50.00 to C$55.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 18th. Cormark raised Altus Group from a “market perform” rating to a “buy” rating in a research report on Friday, February 23rd. BMO Capital Markets boosted their price target on Altus Group from C$48.00 to C$51.00 and gave the stock a “market perform” rating in a research report on Friday, February 23rd. TD Securities reduced their price target on Altus Group from C$59.00 to C$55.00 and set a “buy” rating on the stock in a research report on Tuesday, May 21st. Finally, CIBC boosted their price target on Altus Group from C$51.00 to C$53.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st.

Altus Group Price Performance

Altus Group stock opened at C$48.77 on Friday. The company has a market cap of C$2.23 billion, a P/E ratio of 180.63, a price-to-earnings-growth ratio of 0.96 and a beta of 0.79. The company has a debt-to-equity ratio of 62.20, a quick ratio of 1.30 and a current ratio of 1.50. Altus Group has a one year low of C$35.29 and a one year high of C$54.18. The business has a fifty day moving average of C$48.84 and a two-hundred day moving average of C$47.39.

Altus Group (TSE:AIF) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C$0.33 EPS for the quarter, missing the consensus estimate of C$0.42 by C($0.09). Altus Group had a net margin of 1.60% and a return on equity of 2.06%. The business had revenue of C$199.54 million during the quarter, compared to analysts’ expectations of C$198.85 million. As a group, analysts predict that Altus Group will post 1.9806823 earnings per share for the current fiscal year.

Altus Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Sunday, June 30th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Friday, June 28th. Altus Group’s payout ratio is 222.22%.

Altus Group Company Profile

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE). The company operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, market data, and consulting services; CRE asset and fund management services; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.