Altus Group Limited (TSE:AIF) Given Consensus Rating of “Hold” by Analysts

Altus Group Limited (TSE:AIF) has earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$59.86.

Several research analysts have weighed in on AIF shares. TD Securities cut their price objective on Altus Group from C$70.00 to C$67.00 and set a “buy” rating on the stock in a research report on Friday, November 7th. Scotiabank lowered their target price on Altus Group from C$63.00 to C$56.00 in a research note on Monday, November 10th. Canadian Imperial Bank of Commerce increased their price target on shares of Altus Group from C$54.00 to C$62.00 in a research report on Monday, November 24th. Royal Bank Of Canada decreased 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 report on Friday, November 7th. Finally, National Bank Financial cut shares of Altus Group from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from C$74.00 to C$52.00 in a research note on Friday, November 7th.

Insider Activity at Altus Group

In related news, Director William Brennan sold 93,975 shares of Altus Group stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of C$53.99, for a total value of C$5,073,710.25. Following the completion of the sale, the director owned 2,364,956 shares of the company’s stock, valued at approximately C$127,683,974.44. This trade represents a 3.82% decrease in their position. Over the last 90 days, insiders acquired 142,116 shares of company stock worth $7,683,423. 4.05% of the stock is owned by corporate insiders.

Altus Group Stock Down 4.6%

AIF opened at C$41.20 on Thursday. Altus Group has a fifty-two week low of C$40.47 and a fifty-two week high of C$63.07. The firm has a market capitalization of C$1.66 billion, a P/E ratio of 4.61, a PEG ratio of 0.96 and a beta of 0.49. The company’s 50-day moving average is C$52.30 and its 200 day moving average is C$55.72. The company has a debt-to-equity ratio of 55.91, a current ratio of 2.09 and a quick ratio of 1.30.

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

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.