Cormark Issues Positive Forecast for Altus Group Earnings

Altus Group Limited (TSE:AIF) – Cormark upped their Q3 2026 earnings per share (EPS) estimates for Altus Group in a note issued to investors on Friday, November 7th. Cormark analyst G. Fairweather now expects that the company will post earnings of $0.61 per share for the quarter, up from their prior forecast of $0.58. The consensus estimate for Altus Group’s current full-year earnings is $1.73 per share. Cormark also issued estimates for Altus Group’s Q4 2026 earnings at $0.80 EPS.

Several other research firms also recently weighed in on AIF. TD Securities dropped their target price on Altus Group from C$70.00 to C$67.00 and set a “buy” rating for the company in a research report on Friday. Royal Bank Of Canada lowered their price objective on shares of Altus Group from C$58.00 to C$56.00 and set a “sector perform” rating for the company in a research note on Friday. National Bank Financial raised shares of Altus Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 12th. National Bankshares lowered shares of Altus Group from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$74.00 to C$52.00 in a report on Friday. Finally, Scotiabank boosted their price target on shares of Altus Group from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$57.33.

Altus Group Price Performance

AIF stock opened at C$47.18 on Monday. The business’s fifty day moving average price is C$58.74 and its 200 day moving average price is C$56.29. Altus Group has a 12-month low of C$43.84 and a 12-month high of C$63.07. The company has a current ratio of 2.09, a quick ratio of 1.30 and a debt-to-equity ratio of 55.91. The company has a market capitalization of C$2.03 billion, a PE ratio of 5.40, a P/E/G ratio of 0.96 and a beta of 0.68.

Altus Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Wednesday, October 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, September 29th. Altus Group’s payout ratio is 6.86%.

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.