TSE:AIF

48.88
1.15 (2.30%) 1d
0

Related posts

Kinross Gold, Northland Power Inc and More at 52-week Highs (Sep 16-22)Stocks edge down in quiet sessionThis week’s new 52-week lows… (Dec 12-18)
Investor Insights

This summary was created by AI, based on 1 opinions in the last 12 months.

The experts agree that AIF-T has faced struggles due to the slowdown in the real estate market and concerns about commercial real estate. However, they also see potential for a bounce back in 2024 with significant EPS and sales growth, followed by moderate growth in 2025. Despite the current challenges, they believe that holding AIF-T to see how sentiment regarding real estate fares in 2024 is a reasonable approach.

Consensus
Hold
Valuation
Fair Value
HOLD
Altus Group
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

AIF saw a sharp drop following its Q3 financial results reported in early November. The stock's struggles have been driven by the slowdown in the real estate market and particularly, concerns regarding commerical real estate. Valuation has now come down to a more reasonable 18.3x forward-earnings. Outlook for 2024 does forecast a bounce back with EPS growth of ~42% and sales growth of ~12%, then moderate growth across both in 2025. The potential bounce back and growth outlook is a decent reason to hold, but it is fair to expect AIF to struggle for a bit following the weak Q3 and negative market trends. We are fine holding AIF to see how sentiment regarding real estate fares in 2024 and how the company bounces back from the weak Q3. 
Unlock Premium - Try 5i Free

Business Services
HOLD
Altus Group

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Record quarters during COVID. Entry into debt valuation interesting. Greater SaaS revenues support better margins. Premium valuation means less room for error. Unlock Premium - Try 5i Free

Business Services
BUY ON WEAKNESS
Altus Group

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Strong but slowing organic growth. EBITDA nearly doubled in 4 years. Catalyst pipeline solid. Tech-focused Property Tax helping. Unlock Premium - Try 5i Free

Business Services
HOLD
Altus Group
He owns this one and likes the management team. There seems to be a consistent buyer of this stock. They have high margins. It is not cheap at these levels. There are not too many ways to play technology from a real estate perspective. They have a strong position on pricing data in the real estate market. He will continue to hold.
Business Services
BUY
Altus Group
A former top pick. It's had a nice run this year. It's a real estate service company transforming into a tech, the Bloomberg of real estate, that's growing by double-digits. A good one to hold for the long run. Good managers.
Business Services
PAST TOP PICK
Altus Group
(A Top Pick Jun 14/18, Up 3%) They have a real estate / software platform. They are a global player. They have all these consulting businesses that act as a drag on the company. They may shed some businesses.
Business Services
TOP PICK
Altus Group

A software provider for commercial real estate portfolios. They also have a consulting service. They are migrating more and more clients around the world onto their platform. There is good organic growth. (Analysts’ target: $38.78).

Business Services
BUY
Altus Group

They have chunky earnings. They are building out software as a service to the real estate market. You have to think 1 to 2 years on this one.

Business Services
PAST TOP PICK
Altus Group

(A Top Pick Apr 11/17, Up 6%) He still likes it. There is the analytics with higher, stickier recurring revenues. They are still getting recurring revenue increases. You get quarter to quarter wild swings.

Business Services
COMMENT
Altus Group

This is involved in real estate, and the real estate holdings in Canada have seen a bit of a pullback recently. Dividends have been pretty steady, giving about a 2% yield. It’s not enough to get him too interested, especially since he sees some slowing in the housing market. He would look at this if he got some actual real negative housing news.

Business Services
TOP PICK
Altus Group

A real estate advisory consultant firm, and also trying to build end to end software service solutions for real estate data and real estate analytics. This is what the markets are really starting to get interested in now. A higher margin business and recurring revenues. There is a good short term catalyst here, where they actually own 14% of a private company called Real Matters, which sooner or later is going to IPO with a possible $1 billion valuation. Dividend yield of 2%. (Analysts’ price target is $36.50.)

Business Services
TOP PICK
Altus Group

Commercial real estate valuations. Consulting is their steady Eddie business, but they also have Altus Analytics, a software business which is a really high recurring business with strong margins, and which has been growing at about 30% per year. As well, they have a survey business which has been hurt by the energy sector and we are starting to see a turn in energy. Dividend yield of 2.19%.

Business Services
PAST TOP PICK
Altus Group

(A Top Pick Oct 24/13. Up 68.99%.) Software and valuations for real estate. Just sold his holdings recently. The quarter was alright, but he had high expectations. Felt it got a little bit ahead of itself. Likes the management team.

Business Services
SELL
Altus Group

He has been lightening up. The big decline in energy services impacts this one. He does not see a lot of positive change for this company. He has a small position that he is looking to exit.

Business Services
SELL
Altus Group

Good company. Stock had a good run. At this point, it is too expensive to invest in. If he owned, he would consider selling and moving on to other opportunities.

Business Services
Showing 1 to 15 of 51 entries

Altus Group(AIF-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Altus Group is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Altus Group(AIF-T) Frequently Asked Questions

What is Altus Group stock symbol?

Altus Group is a Canadian stock, trading under the symbol AIF-T on the Toronto Stock Exchange (AIF-CT). It is usually referred to as TSX:AIF or AIF-T

Is Altus Group a buy or a sell?

In the last year, 1 stock analyst published opinions about AIF-T. 0 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Altus Group.

Is Altus Group a good investment or a top pick?

Altus Group was recommended as a Top Pick by on . Read the latest stock experts ratings for Altus Group.

Why is Altus Group stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Altus Group worth watching?

1 stock analyst on Stockchase covered Altus Group In the last year. It is a trending stock that is worth watching.

What is Altus Group stock price?

On 2024-02-26, Altus Group (AIF-T) stock closed at a price of $48.88.