Altus Group (TSE:AIF) PT Raised to C$55.00

Altus Group (TSE:AIF) had its price objective boosted by National Bankshares from C$50.00 to C$55.00 in a report published on Thursday, BayStreet.CA reports.

Several other brokerages have also weighed in on AIF. Royal Bank of Canada increased their price objective on shares of Altus Group from C$52.00 to C$55.00 in a report on Friday, August 9th. Scotiabank cut their price target on Altus Group from C$59.00 to C$51.00 and set a sector perform rating on the stock in a research note on Friday, August 9th. Cormark decreased their price objective on Altus Group from C$63.00 to C$56.00 and set a hold rating for the company in a research note on Friday, August 9th. Canaccord Genuity Group cut their target price on Altus Group from C$66.00 to C$63.00 in a research note on Wednesday, July 10th. Finally, TD Securities reduced their target price on Altus Group from C$65.00 to C$63.00 and set a buy rating on the stock in a report on Friday, August 9th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of C$56.33.

Altus Group Stock Performance

Shares of TSE:AIF opened at C$53.65 on Thursday. The business has a fifty day moving average of C$54.54 and a 200-day moving average of C$51.61. The company has a debt-to-equity ratio of 57.13, a quick ratio of 1.30 and a current ratio of 1.41. Altus Group has a twelve month low of C$35.29 and a twelve month high of C$59.60. The firm has a market cap of C$2.47 billion, a PE ratio of 894.17, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82.

Altus Group (TSE:AIF) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.45 EPS for the quarter, beating the consensus estimate of C$0.22 by C$0.23. Altus Group had a net margin of 0.37% and a return on equity of 0.48%. The business had revenue of C$206.71 million for the quarter, compared to analysts’ expectations of C$132.50 million. On average, equities research analysts predict that Altus Group will post 1.71104 EPS for the current fiscal year.

Altus Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.12%. Altus Group’s dividend payout ratio is 1,000.00%.

Insider Buying and Selling

In other news, Senior Officer Kimberly Carter sold 1,100 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$54.00, for a total value of C$59,400.00. 4.03% of the stock is currently owned by corporate insiders.

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.