Analysts Set Altus Group Limited (TSE:AIF) Target Price at C$57.11

Shares of Altus Group Limited (TSE:AIF) have been assigned an average rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$57.11.

A number of analysts have issued reports on AIF shares. CIBC lifted their price target on shares of Altus Group from C$52.00 to C$60.00 and gave the company a “neutral” rating in a report on Thursday, December 19th. Royal Bank of Canada lifted their target price on Altus Group from C$55.00 to C$56.00 in a report on Friday, November 8th.

Insider Activity at Altus Group

In related news, Director William Brennan purchased 15,320 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were bought at an average price of C$57.35 per share, for a total transaction of C$878,602.00. In the last quarter, insiders acquired 48,973 shares of company stock valued at $2,790,608. Insiders own 4.05% of the company’s stock.

Altus Group Stock Up 0.9 %

Shares of AIF opened at C$59.94 on Friday. The business’s 50 day moving average is C$57.13 and its 200 day moving average is C$55.55. The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 57.13. Altus Group has a 12-month low of C$44.37 and a 12-month high of C$61.09. The company has a market capitalization of C$2.76 billion, a PE ratio of 999.00, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82.

Altus Group (TSE:AIF) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.23 by C($0.04). Altus Group had a net margin of 0.37% and a return on equity of 0.48%. During the same quarter in the previous year, the business earned $0.33 EPS. Research analysts expect that Altus Group will post 1.7263823 earnings per share for the current fiscal year.

Altus Group Dividend Announcement

The firm also recently announced 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. This represents a $0.60 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Tuesday, December 31st. Altus Group’s dividend payout ratio is 1,000.00%.

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.