Altus Group (TSE:AIF) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Altus Group Limited (TSE:AIF)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$51.83 and traded as high as C$53.25. Altus Group shares last traded at C$52.30, with a volume of 40,150 shares traded.

Analyst Upgrades and Downgrades

AIF has been the topic of a number of recent research reports. CIBC boosted their target price on Altus Group from C$53.00 to C$54.00 in a report on Wednesday, July 10th. Scotiabank cut their price objective on shares of Altus Group from C$59.00 to C$51.00 and set a “sector perform” rating for the company in a research report on Friday, August 9th. National Bankshares lifted their target price on shares of Altus Group from C$50.00 to C$55.00 in a report on Thursday, September 19th. TD Securities cut their price target on shares of Altus Group from C$65.00 to C$63.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Canaccord Genuity Group lowered their price objective on Altus Group from C$66.00 to C$63.00 in a report on Wednesday, July 10th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$56.33.

Altus Group Price Performance

The firm has a market cap of C$2.41 billion, a PE ratio of 871.67, a price-to-earnings-growth ratio of 0.96 and a beta of 0.82. The company has a 50 day moving average price of C$54.27 and a 200 day moving average price of C$51.83. The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 57.13.

Altus Group (TSE:AIF) last posted its earnings results on Thursday, August 8th. The company reported C$0.45 EPS for the quarter, topping analysts’ consensus estimates of C$0.22 by C$0.23. Altus Group had a return on equity of 0.48% and a net margin of 0.37%. The company had revenue of C$206.71 million for the quarter, compared to the consensus estimate of C$132.50 million. On average, sell-side analysts expect that Altus Group Limited will post 1.6875773 EPS for the current year.

Altus Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be paid 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 1.15%. Altus Group’s payout ratio is 1,000.00%.

Insiders Place Their Bets

In other news, Senior Officer Kimberly Carter sold 1,100 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of C$54.00, for a total value of C$59,400.00. In other Altus Group news, Director William Brennan sold 18,551 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of C$55.32, for a total transaction of C$1,026,241.32. Also, Senior Officer Kimberly Carter sold 1,100 shares of the business’s stock in a transaction 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. 4.04% of the stock is currently owned by company insiders.

About Altus Group

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.