Altus Group (TSE:AIF) Hits New 1-Year Low – Time to Sell?

Altus Group Limited (TSE:AIF) shares reached a new 52-week low on Tuesday . The stock traded as low as C$42.35 and last traded at C$42.37, with a volume of 114785 shares changing hands. The stock had previously closed at C$46.56.

Wall Street Analyst Weigh In

AIF has been the topic of a number of research reports. CIBC boosted their price objective on Altus Group from C$54.00 to C$62.00 in a research note on Monday, November 24th. Natl Bk Canada downgraded Altus Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 2nd. Cormark upgraded shares of Altus Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$61.00 to C$65.00 in a research report on Friday, November 21st. TD Securities lowered their price target 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, November 7th. Finally, National Bankshares cut Altus Group from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$74.00 to C$52.00 in a report on Friday, November 7th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$59.86.

Altus Group Stock Performance

The company has a market capitalization of C$1.68 billion, a PE ratio of 4.66, a price-to-earnings-growth ratio of 0.96 and a beta of 0.68. The stock’s fifty day simple moving average is C$54.15 and its 200-day simple moving average is C$56.37. The company has a debt-to-equity ratio of 55.91, a quick ratio of 1.30 and a current ratio of 2.09.

Altus Group (TSE:AIF) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.38 EPS for the quarter. Altus Group had a return on equity of 0.43% and a net margin of 0.36%.The company had revenue of C$133.32 million for the quarter. As a group, equities analysts predict that Altus Group Limited will post 1.7263823 earnings per share for the current year.

Insider Activity

In other news, Director William Brennan bought 1,146 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was acquired at an average cost of C$56.20 per share, for a total transaction of C$64,405.20. Following the completion of the purchase, the director owned 2,534,757 shares of the company’s stock, valued at C$142,453,343.40. This trade represents a 0.05% increase in their position. Insiders bought 177,935 shares of company stock valued at $9,467,490 over the last 90 days. Company insiders own 4.05% of the company’s stock.

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. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.