Altus Group Limited (TSE:AIF – Free Report) – Investment analysts at National Bank Financial issued their Q3 2023 earnings per share estimates for Altus Group in a research note issued on Thursday, August 10th. National Bank Financial analyst R. Tse anticipates that the company will earn $0.52 per share for the quarter. The consensus estimate for Altus Group’s current full-year earnings is $1.79 per share.
AIF has been the subject of a number of other research reports. TD Securities raised their price target on shares of Altus Group from C$65.00 to C$70.00 and gave the stock a “buy” rating in a research report on Friday. Eight Capital dropped their target price on shares of Altus Group from C$70.00 to C$65.00 in a report on Friday, May 5th. Cormark increased their price target on Altus Group from C$62.00 to C$66.00 in a research report on Friday. CIBC reduced their price target on shares of Altus Group from C$62.00 to C$58.00 in a report on Friday, May 5th. Finally, BMO Capital Markets lifted their price target on Altus Group from C$66.00 to C$68.00 in a report on Friday. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$64.80.
Altus Group Stock Performance
Altus Group stock opened at C$50.84 on Monday. The stock’s 50-day moving average is C$44.94 and its 200-day moving average is C$50.70. The company has a market cap of C$2.30 billion, a price-to-earnings ratio of 267.58, a price-to-earnings-growth ratio of 0.96 and a beta of 0.92. Altus Group has a 12 month low of C$40.00 and a 12 month high of C$61.60. The company has a debt-to-equity ratio of 67.43, a current ratio of 1.58 and a quick ratio of 1.30.
Altus Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be given a $0.15 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.60 dividend on an annualized basis and a yield of 1.18%. Altus Group’s payout ratio is 315.79%.
About Altus Group
Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE).It operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, and advisory solutions primarily for CRE asset valuations for the purpose of performance, development, and investment management; 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.
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