Altus Group (TSE:AIF) Share Price Passes Above 200-Day Moving Average - What's Next?

Altus Group Limited (TSE:AIF - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$52.09 and traded as high as C$55.12. Altus Group shares last traded at C$54.12, with a volume of 83,408 shares.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on AIF. Royal Bank of Canada increased their price objective on Altus Group from C$55.00 to C$56.00 in a research report on Friday. BMO Capital Markets reduced their price objective on shares of Altus Group from C$59.00 to C$55.00 in a report on Friday, August 9th. National Bankshares increased their target price on shares of Altus Group from C$50.00 to C$55.00 in a research note on Thursday, September 19th. Scotiabank reduced their price target on shares of Altus Group from C$59.00 to C$51.00 and set a "sector perform" rating on the stock in a research note on Friday, August 9th. Finally, TD Securities decreased 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. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of C$56.22.

Altus Group Stock Up 4.6 %

The stock has a market cap of C$2.61 billion, a PE ratio of 935.83, 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. The firm has a fifty day moving average of C$53.97 and a 200 day moving average of C$52.09.

Altus Group (TSE:AIF - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported C$0.45 earnings per share for the quarter, topping the consensus estimate of C$0.22 by C$0.23. The business 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%. On average, equities research analysts anticipate that Altus Group Limited will post 1.7263823 EPS for the current fiscal year.

Altus Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Friday, September 27th. Altus Group's dividend payout ratio is currently 1,000.00%.

Insider Activity

In other news, Director William Brennan sold 18,551 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of C$55.32, for a total transaction of C$1,026,241.32. In other Altus Group news, Senior Officer Kimberly Carter sold 1,100 shares of the business'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 transaction of C$59,400.00. Also, Director William Brennan sold 18,551 shares of the firm's stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$55.32, for a total value of C$1,026,241.32. Corporate insiders own 4.05% of the company's stock.

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.