Brokerages Set Altus Group Limited (TSE:AIF) Target Price at C$56.33

Altus Group Limited (TSE:AIF) has been given an average recommendation of “Hold” by the nine research firms that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$56.33.

A number of equities research analysts have commented on the stock. Cormark decreased their target price on shares of Altus Group from C$63.00 to C$56.00 and set a “hold” rating on the stock in a research note on Friday, August 9th. Eight Capital raised their target price on shares of Altus Group from C$50.00 to C$55.00 in a research note on Wednesday, July 10th. BMO Capital Markets decreased their target price on shares of Altus Group from C$59.00 to C$55.00 in a research note on Friday, August 9th. TD Securities decreased their target price on shares of Altus Group from C$65.00 to C$63.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Royal Bank of Canada raised their target price on shares of Altus Group from C$52.00 to C$55.00 in a research note on Friday, August 9th.

Altus Group Stock Performance

AIF opened at C$52.68 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 57.13. The company has a market cap of C$2.43 billion, a price-to-earnings ratio of 880.17, a PEG ratio of 0.96 and a beta of 0.82. The company’s 50 day moving average is C$53.85 and its 200 day moving average is C$52.05. Altus Group has a 12-month low of C$35.29 and a 12-month high of C$59.60.

Altus Group (TSE:AIF) last posted its quarterly earnings data on Thursday, August 8th. The company reported C$0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of C$206.71 million for the quarter, compared to the consensus estimate of C$132.50 million. On average, equities research analysts predict that Altus Group will post 1.7263823 EPS for the current year.

Altus Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Friday, September 27th. Altus Group’s payout ratio is currently 1,000.00%.

Insider Activity

In related news, Director William Brennan sold 18,551 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of C$55.32, for a total value of C$1,026,241.32. In related news, Senior Officer Kimberly Carter sold 1,100 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of C$54.00, for a total value of C$59,400.00. Also, Director William Brennan sold 18,551 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$55.32, for a total transaction of C$1,026,241.32. Company insiders own 4.05% of the company’s stock.

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.