Altus Group (TSE:AIF) Stock Crosses Above 200-Day Moving Average of $46.17

Altus Group Limited (TSE:AIF)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$46.17 and traded as high as C$52.80. Altus Group shares last traded at C$51.96, with a volume of 20,476 shares changing hands.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Scotiabank raised their price target on shares of Altus Group from C$48.00 to C$50.00 and gave the stock a “sector perform” rating in a research report on Wednesday, January 31st. CIBC raised their price target on shares of Altus Group from C$51.50 to C$52.50 and gave the stock a “neutral” rating in a research report on Friday, February 23rd. TD Securities raised their price target on shares of Altus Group from C$52.00 to C$56.00 and gave the stock a “buy” rating in a research report on Friday, February 23rd. Cormark raised shares of Altus Group from a “market perform” rating to a “buy” rating in a research report on Friday, February 23rd. Finally, Canaccord Genuity Group dropped their price objective on shares of Altus Group from C$63.00 to C$59.00 and set a “buy” rating on the stock in a research note on Monday, January 29th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$52.72.

Altus Group Stock Down 0.1 %

The business’s 50 day moving average is C$50.08 and its 200-day moving average is C$46.17. The stock has a market cap of C$2.37 billion, a price-to-earnings ratio of 236.18, a PEG ratio of 0.96 and a beta of 0.78. The company has a debt-to-equity ratio of 59.01, a quick ratio of 1.30 and a current ratio of 1.39.

Altus Group (TSE:AIF) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.42 by C$0.04. Altus Group had a net margin of 1.32% and a return on equity of 1.70%. The firm had revenue of C$191.57 million for the quarter, compared to analysts’ expectations of C$192.55 million. On average, sell-side analysts predict that Altus Group Limited will post 2.0527987 EPS for the current fiscal year.

Altus Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.15%. Altus Group’s payout ratio is currently 272.73%.

Insider Buying and Selling at Altus Group

In other Altus Group news, Director Alex Probyn sold 11,087 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$51.84, for a total value of C$574,750.08. 0.07% of the stock is currently owned by insiders.

Altus Group Company Profile

Altus Group Limited provides asset and funds intelligence solutions for commercial real estate (CRE). The company operates through Analytics, Property Tax, and Appraisals and Development Advisory segments. The Analytics segment portfolio includes software, data analytics, market data, and consulting services; CRE asset and fund management services; 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.