Altus Group Limited (TSE:AIF) Receives Average Rating of “Hold” from Brokerages

Altus Group Limited (TSE:AIF) has been assigned an average recommendation of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$56.33.

AIF has been the topic of a number of recent analyst reports. Scotiabank decreased their price target on Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating on the stock in a report on Friday, August 9th. Canaccord Genuity Group decreased their target price on Altus Group from C$66.00 to C$63.00 in a research note on Wednesday, July 10th. CIBC upped their price target on Altus Group from C$53.00 to C$54.00 in a research note on Wednesday, July 10th. Cormark reduced their price objective on shares of Altus Group from C$63.00 to C$56.00 and set a “hold” rating on the stock in a research report on Friday, August 9th. Finally, TD Securities lowered their target price on shares of Altus Group from C$65.00 to C$63.00 and set a “buy” rating on the stock in a report on Friday, August 9th.

Altus Group Price Performance

TSE AIF opened at C$52.93 on Friday. 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$35.29 and a 12 month high of C$59.60. The stock has a market cap of C$2.44 billion, a price-to-earnings ratio of 885.17, a PEG ratio of 0.96 and a beta of 0.79. The company’s 50 day moving average is C$52.16 and its two-hundred day moving average is C$50.40.

Altus Group (TSE:AIF) last announced its quarterly earnings data on Thursday, August 8th. The company reported C$0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.23. Altus Group had a net margin of 0.37% and a return on equity of 0.48%. The firm had revenue of C$206.71 million during the quarter, compared to analysts’ expectations of C$132.50 million. As a group, research analysts anticipate that Altus Group will post 1.8973214 earnings per share for the current year.

Altus Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Monday, September 30th. Altus Group’s dividend payout ratio (DPR) is presently 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.