Altus Group (TSE:AIF) Shares Pass Above Two Hundred Day Moving Average of $51.43

Altus Group Limited (TSE:AIF)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$51.43 and traded as high as C$54.10. Altus Group shares last traded at C$53.42, with a volume of 32,576 shares.

Analysts Set New Price Targets

AIF has been the subject of a number of recent research reports. Eight Capital boosted their target price on shares of Altus Group from C$50.00 to C$55.00 in a report on Wednesday, July 10th. Cormark cut their price objective on shares of Altus Group from C$63.00 to C$56.00 and set a “hold” rating on the stock in a report on Friday, August 9th. TD Securities cut their price objective on shares of Altus Group from C$65.00 to C$63.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Scotiabank cut their price objective on shares of Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating on the stock in a report on Friday, August 9th. Finally, CIBC upped their price objective on shares of Altus Group from C$53.00 to C$54.00 in a report on Wednesday, July 10th. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$56.33.

Altus Group Trading Up 0.0 %

The stock has a 50-day moving average of C$54.41 and a 200 day moving average of C$51.43. The stock has a market cap of C$2.46 billion, a PE ratio of 890.33, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. The company has a quick ratio of 1.30, a current ratio of 1.41 and a debt-to-equity ratio of 57.13.

Altus Group (TSE:AIF) last issued its earnings results on Thursday, August 8th. The company reported C$0.45 EPS for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.23. The firm had revenue of C$206.71 million for the quarter, compared to analyst estimates of C$132.50 million. Altus Group had a return on equity of 0.48% and a net margin of 0.37%. As a group, sell-side analysts anticipate that Altus Group Limited will post 1.68356 earnings per share for the current year.

Altus Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.12%. Altus Group’s dividend payout ratio is currently 1,000.00%.

Insider Activity at Altus Group

In other Altus Group news, Senior Officer Kimberly Carter sold 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of C$54.00, for a total value of C$59,400.00. 4.03% of the stock is 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.