Altus Group (TSE:AIF) Stock Price Crosses Above 200-Day Moving Average of $46.17

Altus Group Limited (TSE:AIF)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AIF shares. CIBC lifted their target price on Altus Group from C$51.50 to C$52.50 and gave the stock a “neutral” rating in a 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 on the stock in a research note on Monday, January 29th. Scotiabank lifted their price target on Altus Group from C$48.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 31st. Cormark raised Altus Group from a “market perform” rating to a “buy” rating in a research note on Friday, February 23rd. Finally, BMO Capital Markets lifted their price target on Altus Group from C$48.00 to C$51.00 and gave the stock a “market perform” rating in a research note on Friday, February 23rd. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$52.72.

Altus Group Price Performance

The stock has a market capitalization of C$2.35 billion, a price-to-earnings ratio of 234.86, 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. The stock has a 50-day simple moving average of C$50.33 and a 200 day simple moving average of C$46.25.

Altus Group (TSE:AIF) last announced its quarterly earnings data on Thursday, February 22nd. The company reported C$0.46 EPS for the quarter, topping analysts’ consensus estimates of C$0.42 by C$0.04. Altus Group had a return on equity of 1.70% and a net margin of 1.32%. The firm had revenue of C$191.57 million during the quarter, compared to analyst estimates of C$192.55 million. On average, equities research analysts forecast that Altus Group Limited will post 2.0527987 EPS for the current fiscal 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 given a dividend of $0.15 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.16%. Altus Group’s payout ratio is presently 272.73%.

Insiders Place Their Bets

In other Altus Group news, Director Alex Probyn sold 11,087 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of C$51.84, for a total transaction of C$574,750.08. Corporate insiders own 0.07% of the company’s stock.

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.