Altus Group (TSE:AIF) Reaches New 52-Week High at $42.54

Altus Group Ltd (TSE:AIF) shares reached a new 52-week high on Thursday . The stock traded as high as C$42.54 and last traded at C$42.44, with a volume of 19547 shares. The stock had previously closed at C$42.10.

Several research analysts have recently commented on the company. Canaccord Genuity boosted their price objective on Altus Group from C$40.00 to C$44.00 in a report on Friday, November 8th. BMO Capital Markets raised their price target on Altus Group from C$40.00 to C$42.00 in a research note on Thursday, December 12th. National Bank Financial downgraded Altus Group from an “outperform” rating to a “sector perform” rating and set a C$40.00 price target on the stock. in a research note on Wednesday, October 23rd. Royal Bank of Canada increased their target price on Altus Group from C$39.00 to C$44.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, TD Securities upped their price target on Altus Group from C$41.00 to C$47.00 in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of C$41.17.

The business’s fifty day moving average is C$38.59 and its 200-day moving average is C$36.97. The company has a debt-to-equity ratio of 62.30, a quick ratio of 0.87 and a current ratio of 0.87. The firm has a market cap of $1.62 billion and a P/E ratio of 522.47.

Altus Group (TSE:AIF) last posted its earnings results on Thursday, November 7th. The company reported C$0.30 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.28 by C$0.02. The firm had revenue of C$136.99 million during the quarter, compared to the consensus estimate of C$135.70 million. Analysts predict that Altus Group Ltd will post 1.55 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date was Monday, December 30th. Altus Group’s dividend payout ratio is presently 740.74%.

About Altus Group (TSE:AIF)

Altus Group Limited provides software, data solutions, and independent advisory services to the commercial real estate (CRE) industry in Canada, the United States, Europe, and the Asia Pacific. It operates in three segments: Altus Analytics, Commercial Real Estate Consulting (CRE Consulting), and Geomatics.

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