Altus Group Limited faces challenges amid recent market movements and strategic shifts.
This week, Altus Group Limited (AIF.TO) saw its stock drop to C$43.54, a decline of 2.86% for the day and 2.07% for the week. The company is navigating significant changes in its operational landscape during these fluctuations.
Investor takeaway: Investors should consider how Altus Group's recent strategic decisions and market performance may impact the company's future potential.
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Altus Group Limited
AIF.TO
AIF.TO
Altus Group Limited
WealthAwesomeMarket cap
$1.60B
Div. yield
1.24%
Div. / share
$0.60
52W high
$62.49
52W low
$36.73
1W change
-2.07%
Beta
0.81
Analyst Price Targets
Based on analyst covering AIF
Wall Street analysts forecast AIF stock price to rise 16.6% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$53.02
+16.6% Upside
Current Price
C$45.48
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on AIF's historical volatility
30-Day Vol
54.0%
Annualized
90-Day Vol
43.3%
Annualized
Trend (90d)
-0.6%
Annualized drift
90d Mean
C$45.39
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$45.45 | C$37.73 โ C$54.75 |
| 60 trading days | C$45.42 | C$34.91 โ C$59.10 |
| 90 trading days | C$45.39 | C$32.88 โ C$62.66 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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C$43.54
The stock is currently trading 8.8% below its 200-day moving average, indicating a notable downturn in price momentum.
Bull case
Analysts remain optimistic, with an average target price of C$53.02. This suggests a potential upside of 21.8% from the current levels.
Bear case
Concerns about the company's long-term financial health arise from its recent negative profit margin and declining share price, which may affect operational efficiency.
Recent Price Action
Altus Group Limited's stock closed at C$43.54, reflecting a 2.86% drop in one day and a 2.07% decline over the past week. The stock has had a tough month, down 9.42%, and is currently down 19.38% year-to-date.
Company News
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Recent reports indicate that larger deals have boosted Q2 commercial real estate transaction volume, which could impact the company's future performance. Additionally, Newmark's recent acquisition of Altus Group's Development Advisory Business may shift its operational focus and strategic direction.
Technical Picture
Technically, Altus Group is trading at C$43.54, which is 7.0% below its 50-day moving average of C$46.80 and 8.8% below its 200-day average of C$47.76. The stock's 52-week range is C$36.73 to C$62.49, placing it at 26% of its range. With a beta of 0.81, the stock is less volatile than the broader market. The latest trading volume was 94,476 shares, which is 1.21 times the 20-day average volume of 123,802 shares.
Insider Activity
No specific insider activity has been reported this week, but keeping an eye on insider transactions can provide additional insights into the company's operational health and management confidence.
Price Action Summary
As of the latest close, Altus Group Limited (AIF.TO) is trading at C$43.54, reflecting a challenging week for investors. The stock's performance warrants close attention as the company navigates its recent strategic changes.
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