Shares of Altus Group Limited (TSE:AIF – Get Free Report) have been assigned a consensus rating of “Hold” from the eight research firms that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$56.50.
Several research analysts recently issued reports on AIF shares. BMO Capital Markets upped their price target on shares of Altus Group from C$48.00 to C$54.00 in a research report on Thursday, April 16th. ATB Cormark Capital Markets boosted their price objective on Altus Group from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. Royal Bank Of Canada dropped their price objective on Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating for the company in a report on Friday, February 20th. Finally, TD Securities dropped their price objective on Altus Group from C$67.00 to C$55.00 and set a “buy” rating for the company in a report on Wednesday, February 25th.
Altus Group Trading Down 0.3%
Altus Group (TSE:AIF – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.42 earnings per share for the quarter. Altus Group had a negative net margin of 3.42% and a negative return on equity of 2.76%. The firm had revenue of C$108.24 million for the quarter. As a group, sell-side analysts predict that Altus Group will post 1.7263823 EPS for the current year.
Insider Activity at Altus Group
In related news, Director William Brennan purchased 106,515 shares of the stock in a transaction dated Tuesday, May 19th. The stock was bought at an average cost of C$42.80 per share, with a total value of C$4,558,842.00. Following the purchase, the director directly owned 3,479,874 shares in the company, valued at C$148,938,607.20. The trade was a 3.16% increase in their position. Over the last three months, insiders bought 170,659 shares of company stock valued at $7,202,122. Corporate 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.
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