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

Shares of Altus Group Limited (TSE:AIF - Get Free Report) have been given a consensus recommendation of "Hold" by the six research firms that are presently covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$57.11.

A number of brokerages have recently weighed in on AIF. Royal Bank of Canada raised their price objective on Altus Group from C$55.00 to C$56.00 in a research report on Friday, November 8th. CIBC raised their price objective on shares of Altus Group from C$52.00 to C$60.00 and gave the stock a "neutral" rating in a research note on Thursday, December 19th.

Altus Group Trading Down 1.3 %

AIF traded down C$0.77 during midday trading on Friday, reaching C$59.17. 119,241 shares of the company's stock traded hands, compared to its average volume of 70,737. The firm has a fifty day moving average of C$57.12 and a two-hundred day moving average of C$55.58. The stock has a market capitalization of C$2.72 billion, a price-to-earnings ratio of 986.17, a P/E/G ratio of 0.96 and a beta of 0.82. The company has a debt-to-equity ratio of 57.13, a current ratio of 1.41 and a quick ratio of 1.30. Altus Group has a 52 week low of C$44.37 and a 52 week high of C$61.09.

Altus Group (TSE:AIF - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.19 earnings per share for the quarter, missing the consensus estimate of C$0.23 by C($0.04). Altus Group had a return on equity of 0.48% and a net margin of 0.37%. During the same period in the previous year, the company posted $0.33 earnings per share. On average, equities analysts anticipate that Altus Group will post 1.7263823 earnings per share for the current fiscal year.

Altus Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.01%. Altus Group's payout ratio is 1,000.00%.

Insider Activity

In related news, Director William Brennan acquired 11,744 shares of the stock in a transaction dated Thursday, November 14th. The stock was bought at an average cost of C$57.30 per share, with a total value of C$672,931.20. In the last three months, insiders purchased 48,973 shares of company stock worth $2,790,608. Company insiders own 4.05% of the company's stock.

About Altus Group

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE). The company operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, market data, and consulting services; CRE asset and fund management services; ARGUS-branded, finance active-branded debt management, and valuation management solutions; technology consulting services, such as strategic advisory for front-to-back-office strategies, processes, and technology; and software services related to education, training, and implementation.