Altus Group (TSE:AIF) Shares Cross Above 200 Day Moving Average – Time to Sell?

Altus Group Limited (TSE:AIF) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$55.42 and traded as high as C$59.76. Altus Group shares last traded at C$59.35, with a volume of 85,656 shares.

Analyst Upgrades and Downgrades

AIF has been the subject of several recent research reports. CIBC lifted their price objective on Altus Group from C$52.00 to C$60.00 and gave the stock a “neutral” rating in a report on Thursday, December 19th. Royal Bank of Canada lifted their target price on Altus Group from C$55.00 to C$56.00 in a report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$57.11.

Altus Group Stock Up 0.3 %

The company has a debt-to-equity ratio of 57.13, a current ratio of 1.41 and a quick ratio of 1.30. The company has a market cap of C$2.73 billion, a PE ratio of 989.17, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. The company has a fifty day moving average price of C$57.09 and a 200 day moving average price of C$55.42.

Altus Group (TSE:AIF) last released its earnings results on Thursday, November 7th. The company reported C$0.19 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.23 by C($0.04). Altus Group had a return on equity of 0.48% and a net margin of 0.37%. During the same period in the prior year, the company posted $0.33 earnings per share. As a group, analysts anticipate that Altus Group Limited will post 1.7263823 EPS for the current year.

Altus Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.01%. Altus Group’s payout ratio is currently 1,000.00%.

Insider Buying and Selling at Altus Group

In other Altus Group news, Director William Brennan bought 1,227 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average price of C$56.43 per share, for a total transaction of C$69,239.61. Over the last 90 days, insiders purchased 48,973 shares of company stock worth $2,790,608. 4.05% 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.