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Shares of Altus Group Limited (TSE:AIF – Get Rating) have earned an average recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$65.00.
Several research analysts have weighed in on AIF shares. Scotiabank set a C$58.00 price objective on shares of Altus Group and gave the stock a “sector perform” rating in a report on Monday, September 26th. CIBC upped their price objective on shares of Altus Group from C$53.00 to C$58.00 and gave the stock a “neutral” rating in a report on Friday, November 11th. Cormark upped their price objective on shares of Altus Group from C$66.00 to C$70.00 in a report on Friday, November 11th. Finally, Royal Bank of Canada lowered their price objective on shares of Altus Group from C$70.00 to C$65.00 in a report on Friday, October 21st.
Altus Group Stock Down 1.0 %
Altus Group stock opened at C$54.04 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 66.75. Altus Group has a 12-month low of C$41.27 and a 12-month high of C$71.40. The firm’s fifty day moving average is C$51.20 and its 200 day moving average is C$49.57. The company has a market capitalization of C$2.42 billion and a PE ratio of 163.76.
Altus Group (TSE:AIF – Get Rating) last released its earnings results on Thursday, November 10th. The company reported C$0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.49 by C($0.07). The company had revenue of C$177.69 million for the quarter, compared to the consensus estimate of C$183.60 million. As a group, sell-side analysts predict that Altus Group will post 2.0199999 EPS for the current fiscal year.
Altus Group Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, January 16th. Stockholders of record on Monday, January 16th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, December 29th. This represents a $0.60 annualized dividend and a dividend yield of 1.11%. Altus Group’s dividend payout ratio is currently 181.82%.
Insider Activity
In other news, Director Alex Probyn sold 6,500 shares of the stock in a transaction dated Monday, December 5th. The shares were sold at an average price of C$53.89, for a total value of C$350,285.00. Following the completion of the sale, the director now owns 28,233 shares in the company, valued at C$1,521,476.37.
About Altus Group
Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate industry in Canada, the United States, Europe, and the Asia Pacific. It operates through Altus Analytics and Commercial Real Estate Consulting (CRE Consulting) segments. The Altus Analytics segment offers ARGUS Enterprise, a commercial property valuation and asset management software; ARGUS Taliance, a real estate fund and alternative investment management software; ARGUS EstateMaster, a property development feasibility and management software; and ARGUS Developer, a real estate development pro forma and management software solution; ARGUS Voyanta, a powerful data aggregation, validation, and reporting software solution; ARGUS Acquire, a real estate acquisition deals and pipeline management software; and ARGUS ValueInsight, a commercial real estate valuation software.
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