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

Altus Group Limited (TSE:AIF - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$52.01 and traded as high as C$54.38. Altus Group shares last traded at C$53.74, with a volume of 30,379 shares changing hands.

Analyst Ratings Changes

AIF has been the topic of several analyst reports. Cormark lowered their target price on shares of Altus Group from C$63.00 to C$56.00 and set a "hold" rating on the stock in a research report on Friday, August 9th. Canaccord Genuity Group reduced their target price on Altus Group from C$66.00 to C$63.00 in a report on Wednesday, July 10th. CIBC increased their price target on Altus Group from C$53.00 to C$54.00 in a report on Wednesday, July 10th. BMO Capital Markets reduced their price objective on shares of Altus Group from C$59.00 to C$55.00 in a research note on Friday, August 9th. Finally, Royal Bank of Canada raised their target price on shares of Altus Group from C$52.00 to C$55.00 in a research note on Friday, August 9th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of C$56.33.

Altus Group Stock Performance

The company has a current ratio of 1.41, a quick ratio of 1.30 and a debt-to-equity ratio of 57.13. The firm's fifty day moving average price is C$53.74 and its 200-day moving average price is C$52.01. The company has a market cap of C$2.49 billion, a P/E ratio of 896.33, a P/E/G ratio of 0.96 and a beta of 0.82.

Altus Group (TSE:AIF - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported C$0.45 EPS for the quarter, beating the consensus estimate 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 firm had revenue of C$206.71 million during the quarter, compared to analysts' expectations of C$132.50 million. As a group, research analysts forecast that Altus Group Limited will post 1.7263823 EPS for the current fiscal year.

Altus Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.11%. Altus Group's dividend payout ratio is currently 1,000.00%.

Insider Activity

In related news, Director William Brennan acquired 500 shares of the stock in a transaction dated Tuesday, September 24th. The shares were bought at an average cost of C$54.48 per share, for a total transaction of C$27,240.00. In other news, Director William Brennan bought 500 shares of the stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average price of C$54.48 per share, with a total value of C$27,240.00. Also, Senior Officer Kimberly Carter sold 1,100 shares of Altus Group stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of C$54.00, for a total transaction of C$59,400.00. 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.