Altus Group (TSE:AIF) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Altus Group Limited (TSE:AIF) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$46.78 and traded as high as C$46.97. Altus Group shares last traded at C$45.95, with a volume of 198,990 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AIF. BMO Capital Markets raised their price target on Altus Group from C$48.00 to C$54.00 in a research report on Thursday, April 16th. National Bank Financial lowered their price objective on Altus Group from C$52.00 to C$45.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 27th. Finally, ATB Cormark Capital Markets boosted their price objective on Altus Group from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research report on Friday, April 17th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$55.62.

Altus Group Stock Performance

The firm has a market cap of C$1.64 billion, a P/E ratio of -2,297.50, a price-to-earnings-growth ratio of 0.96 and a beta of 0.29. The company has a current ratio of 0.71, a quick ratio of 1.30 and a debt-to-equity ratio of 52.00. The business’s fifty day simple moving average is C$44.42 and its 200-day simple moving average is C$46.78.

Altus Group (TSE:AIF) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.42 earnings per share (EPS) for the quarter. The firm had revenue of C$108.23 million for the quarter. Altus Group had a negative net margin of 3.42% and a negative return on equity of 2.76%. As a group, sell-side analysts expect that Altus Group Limited will post 1.7263823 earnings per share for the current year.

Altus Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, June 30th. Altus Group’s payout ratio is currently -3,000.00%.

Insider Buying and Selling

In other Altus Group news, Director William Brennan purchased 106,515 shares of the stock in a transaction on Tuesday, May 19th. The stock was acquired at an average price of C$42.80 per share, with a total value of C$4,558,842.00. Following the transaction, the director directly owned 3,479,874 shares of the company’s stock, valued at approximately C$148,938,607.20. This trade represents a 3.16% increase in their position. Over the last three months, insiders purchased 190,392 shares of company stock worth $8,052,187. Corporate insiders own 4.05% of the company’s stock.

About Altus Group

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.