Altus Group Limited (TSE:AIF) Receives C$57.11 Average PT from Analysts

Altus Group Limited (TSE:AIF) has been given an average recommendation of “Hold” by the six analysts that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$57.11.

A number of brokerages have recently commented on AIF. CIBC lifted their price target on shares of Altus Group from C$52.00 to C$60.00 and gave the stock a “neutral” rating in a research note on Thursday, December 19th. Royal Bank of Canada lifted their target price on shares of Altus Group from C$55.00 to C$56.00 in a research report on Friday, November 8th.

Insider Transactions at Altus Group

In other news, Director William Brennan purchased 15,320 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was acquired at an average cost of C$57.35 per share, for a total transaction of C$878,602.00. Insiders purchased 48,973 shares of company stock worth $2,790,608 in the last three months. Corporate insiders own 4.05% of the company’s stock.

Altus Group Stock Performance

AIF stock opened at C$59.94 on Friday. The stock has a market capitalization of C$2.76 billion, a PE ratio of 999.00, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. The stock’s 50 day simple moving average is C$57.13 and its 200 day simple moving average is C$55.55. Altus Group has a 12-month low of C$44.37 and a 12-month high of C$61.09. The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 57.13.

Altus Group (TSE:AIF) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.19 EPS for the quarter, missing the consensus estimate of C$0.23 by C($0.04). Altus Group had a net margin of 0.37% and a return on equity of 0.48%. During the same period in the previous year, the firm earned $0.33 EPS. As a group, research analysts forecast that Altus Group will post 1.7263823 earnings per share for the current fiscal year.

Altus Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Tuesday, December 31st. Altus Group’s dividend payout ratio is presently 1,000.00%.

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.