Altus Group (TSE:AIF) Stock Price Up 14.2% After Analyst Upgrade

Posted by Stanley Muller on Aug 9th, 2026

Altus Group Limited (TSE:AIF – Get Free Report) rose 14.2% during trading on Friday after ATB Cormark Capital Markets raised their price target on the stock from C$56.00 to C$57.10. ATB Cormark Capital Markets currently has an outperform rating on the stock. Altus Group traded as high as C$53.42 and last traded at C$52.03. Approximately 169,765 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 219,828 shares. The stock had previously closed at C$45.57.

A number of other research analysts also recently commented on the stock. BMO Capital Markets lifted their price objective on shares of Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a research report on Friday. National Bank Financial raised their target price on shares of Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Friday. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$55.64.

Check Out Our Latest Analysis on AIF

Insider Activity

In related news, Director William Brennan bought 2,000 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was bought at an average price of C$42.90 per share, for a total transaction of C$85,800.00. Following the purchase, the director owned 3,529,831 shares in the company, valued at C$151,429,749.90. This represents a 0.06% increase in their position. In the last ninety days, insiders have bought 190,392 shares of company stock worth $8,052,187. Company insiders own 4.05% of the company’s stock.

Altus Group Price Performance

The company has a current ratio of 0.71, a quick ratio of 1.30 and a debt-to-equity ratio of 52.00. The firm has a market capitalization of C$1.79 billion, a P/E ratio of -2,621.50, a P/E/G ratio of 0.96 and a beta of 0.29. The company has a 50 day moving average of C$45.78 and a 200-day moving average of C$45.57.

Altus Group (TSE:AIF – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported C$0.53 EPS for the quarter. The business had revenue of C$112.67 million for the quarter. Altus Group had a negative net margin of 3.42% and a negative return on equity of 2.76%. On average, sell-side analysts predict that Altus Group Limited will post 1.7263823 EPS for the current year.

Altus Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.1%. Altus Group’s dividend payout ratio (DPR) is currently -3,000.00%.

Altus Group Company Profile

(Get Free Report)

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.