[ad_1]
According to Bloomberg Ratings, the nine rating agencies that regularly track Altus Group Limited have given the company’s share price (TSE: AIF) an average rating of “Moderate Buy,” which indicates that investors should consider purchasing some of the company’s stock. The stock in the company was given this particular rating. Two analysts have recommended to investors that the stock be held, while two other analysts have provided a rating of “buy” for the stock. The brokerage firms that updated their stock coverage in the previous year have provided an average one-year price estimate of $65.00 for the stock. The brokerage firms provided this estimate.
There have been many diverse research gurus who have provided their perspectives on the AIF stock. In a report made available to the general public by Scotiabank on September 26th, the shares of Altus Group were given the rating “sector perform,” and a price objective of C$58.00 was determined for the stock. In a report published on Friday, November 11th, CIBC changed their rating on the stock to “neutral” from “sector perform” and increased their price objective on Altus Group shares from C$53.00 to C$58.00. The findings of the study can be found on the website. In a report released on Friday, November 11th, Cormark increased its price objective on Altus Group shares from C$66.00 to C$70.00. The price objective that the Royal Bank of Canada has set for the shares of Altus Group has been reduced from C$70.00 to C$65.00, as stated in a report that was made public on Friday, October 21st. The final and most significant adjustment was made here.
Altus Group’s share price started the trading day on Friday at $54.04, where it remained throughout the day. There is a debt-to-equity ratio that works out to 66.75 percent, a quick ratio of 1.30, and a current ratio that also works out to 1.30. In Canadian dollars, $71.40 represents the all-time high and the all-time low for Altus Group over the past year. The moving average for the company over the past 200 days is 49.57 Canadian dollars, while the moving average over the last 50 days is 51.20 Canadian dollars. The company’s current market value is 2.42 billion Canadian dollars, and its price-to-earnings ratio is 163.76.
The most recent earnings report for Altus Group, traded on the Toronto Stock Exchange under the ticker symbol “AIF,” was made available to the general public on November 10th. The quarterly earnings per share (EPS) of $0.42 that the company reported fell short of the projections made by analysts, who anticipated that the company would report earnings of $0.49 per share for the period. The company reported sales for the quarter that came in significantly lower than the consensus expectation of 183.60 million Canadian dollars, which was 177.69 million. According to sell-side analysts, Altus Group will earn $ 2.0199999 per share in the current fiscal year.
In addition, the business has recently announced a quarterly dividend, which is set to be paid out on the 16th of this month. On January 16th, stockholders who have their names on the record will receive the dividend payment of $0.15 per share. December 29th, a Thursday, is the date that will mark the beginning of the “ex-dividend” status for this dividend. Because of this, shareholders will receive a dividend payment of $0.60 per year, and the yield on the dividend will be 1.11%. The payout ratio for dividends that Altus Group is in the process of paying out currently stands at 181.82%.
In other news about this topic, Director Alex Probyn disposed of 6,500 shares of the company’s stock on Monday, December 5th. This is yet another piece of information that was obtained recently. The shares were sold on the open market for a total of $350,285.00 in Canadian dollars, which works out to $53.89 per share when divided by the number of shares sold. After the sale, the director has a total of 28,233 shares in the firm, which are currently worth a total of C$1,521,476.37.
Altus Group Limited serves the commercial real estate industry in Canada, the United States, Europe, and Asia-Pacific with software, data solutions, and independent advice. These services are offered in every one of these localities. It conducts its business activities via two distinct business divisions: Altus Analytics and Commercial Real Estate Consulting (CRE Consulting). ARGUS Enterprise is software for commercial property valuation and asset management; ARGUS Alliance is software for real estate fund and alternative investment management; ARGUS EstateMaster is software for property development feasibility and management; ARGUS Voyanta is software for robust data aggregation, validation, and reporting; and ARGUS Acquire is software for real estate acquisitions. ARGUS Developer is a software solution for real estate development feasibility and management. ARGUS Enterprise is software for commercial property valuation and asset management.
[ad_2]
Source link