Altus Group (TSE:AIF) Sets New 52-Week High at $58.40

Shares of Altus Group Limited (TSE:AIF) hit a new 52-week high during trading on Monday . The company traded as high as C$58.40 and last traded at C$58.00, with a volume of 751 shares. The stock had previously closed at C$58.00.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AIF shares. Cormark upped their price objective on shares of Altus Group from C$60.00 to C$63.00 in a research report on Wednesday, July 10th. CIBC lifted their price objective on Altus Group from C$53.00 to C$54.00 in a report on Wednesday, July 10th. National Bankshares increased their target price on Altus Group from C$50.00 to C$55.00 and gave the company a “sector perform” rating in a research note on Thursday, April 18th. Canaccord Genuity Group dropped their price target on shares of Altus Group from C$66.00 to C$63.00 in a research note on Wednesday, July 10th. Finally, TD Securities upped their price target on shares of Altus Group from C$55.00 to C$65.00 in a report on Wednesday, July 10th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$57.67.

Altus Group Trading Up 1.3 %

The stock has a market cap of C$2.69 billion, a price-to-earnings ratio of 214.81, a P/E/G ratio of 0.96 and a beta of 0.79. The business’s fifty day simple moving average is C$50.43 and its 200 day simple moving average is C$49.45. The company has a debt-to-equity ratio of 62.20, a current ratio of 1.50 and a quick ratio of 1.30.

Altus Group (TSE:AIF) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C$0.33 EPS for the quarter, missing the consensus estimate of C$0.42 by C($0.09). The business had revenue of C$199.54 million during the quarter, compared to analyst estimates of C$198.85 million. Altus Group had a net margin of 1.60% and a return on equity of 2.06%. On average, research analysts predict that Altus Group Limited will post 1.9806823 EPS for the current year.

Altus Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Monday, July 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Friday, June 28th. Altus Group’s dividend payout ratio (DPR) is presently 222.22%.

Altus Group Company Profile

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.