Altus Group (TSE:AIF) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Altus Group Limited (TSE:AIF) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$45.52 and traded as high as C$47.62. Altus Group shares last traded at C$45.57, with a volume of 128,602 shares.

Analysts Set New Price Targets

A number of research analysts have issued reports on AIF shares. ATB Cormark Capital Markets boosted their target price on Altus Group from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. BMO Capital Markets raised their price target on Altus Group from C$48.00 to C$54.00 in a research report on Thursday, April 16th. Finally, National Bank Financial cut their price objective on Altus Group from C$52.00 to C$45.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 27th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of C$55.62.

Altus Group Price Performance

The company has a debt-to-equity ratio of 52.00, a current ratio of 0.71 and a quick ratio of 1.30. The company’s 50-day moving average price is C$45.58 and its 200-day moving average price is C$45.52. The company has a market cap of C$1.63 billion, a P/E ratio of -2,278.50, a P/E/G ratio of 0.96 and a beta of 0.29.

Altus Group (TSE:AIF) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.53 EPS for the quarter. The business had revenue of C$112.67 million for the quarter. Altus Group had a negative net margin of 3.42% and a negative return on equity of 2.76%. As a group, sell-side analysts predict that Altus Group Limited will post 1.7263823 earnings per share for the current fiscal year.

Altus Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. Altus Group’s dividend payout ratio (DPR) is currently -3,000.00%.

Insider Activity at Altus Group

In other news, Director William Brennan acquired 2,000 shares of Altus Group stock in a transaction dated Thursday, May 28th. The stock was bought at an average cost of C$42.90 per share, with a total value of C$85,800.00. Following the completion of the transaction, the director directly owned 3,529,831 shares of the company’s stock, valued at approximately C$151,429,749.90. This represents a 0.06% increase in their ownership of the stock. Insiders bought 190,392 shares of company stock valued at $8,052,187 in the last 90 days. Insiders own 4.05% of the company’s stock.

About Altus Group

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.