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 200-day moving average during trading on Monday . The stock has a 200-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.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on AIF shares. BMO Capital Markets raised their price target on Altus Group from C$48.00 to C$51.00 and gave the company a “market perform” rating in a research report on Friday, February 23rd. Canaccord Genuity Group dropped their price target on Altus Group from C$63.00 to C$59.00 and set a “buy” rating for the company in a research report on Monday, January 29th. TD Securities raised their price target on Altus Group from C$52.00 to C$56.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. CIBC raised their price target on Altus Group from C$51.50 to C$52.50 and gave the company a “neutral” rating in a research report on Friday, February 23rd. Finally, Cormark upgraded Altus Group from a “market perform” rating to a “buy” rating in a research report on Friday, February 23rd. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Altus Group presently has a consensus rating of “Hold” and a consensus price target of C$52.72.

Altus Group Stock Down 0.1 %

The firm has a 50-day moving average of C$50.08 and a 200 day moving average of C$46.17. The stock has a market capitalization of C$2.37 billion, a price-to-earnings ratio of 236.18, a price-to-earnings-growth ratio of 0.96 and a beta of 0.78. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 59.01.

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

Altus Group Dividend Announcement

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

Insiders Place Their Bets

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