Altus Group (TSE:AIF) Share Price Crosses Below 200-Day Moving Average - Time to Sell?

Key Points

• Altus Group's stock slipped below its 200-day moving average of C$51.45, trading as low as C$50.16 and last at C$50.56 on a volume of 486,312 shares.
• Several analysts cut targets (RBC to C$50, BMO to C$48; TD to C$55) and the consensus rating is "Hold" with a consensus price target of C$55.43.
• The company reports strong profitability (quarterly EPS C$0.67, ROE 49.43%, net margin 69.98%) and a low P/E of 5.98, with a market cap of C$2.01 billion but a debt-to-equity of 48.84.

Altus Group Limited (TSE:AIF - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$51.45 and traded as low as C$50.16. Altus Group shares last traded at C$50.56, with a volume of 486,312 shares changing hands.

Analyst Ratings Changes

A number of research firms have issued reports on AIF. Royal Bank Of Canada decreased their target price on Altus Group from C$56.00 to C$50.00 and set a "sector perform" rating for the company in a research note on Friday, February 20th. BMO Capital Markets decreased their target price on Altus Group from C$61.00 to C$48.00 and set a "market perform" rating for the company in a research note on Friday, February 20th. Finally, TD Securities decreased their target price on Altus Group from C$67.00 to C$55.00 and set a "buy" rating for the company in a research note on Wednesday, February 25th. Two research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Altus Group presently has a consensus rating of "Hold" and a consensus price target of C$55.43.

Altus Group Trading Up 1.3%

The company has a debt-to-equity ratio of 48.84, a current ratio of 1.03 and a quick ratio of 1.30. The stock has a market capitalization of C$2.01 billion, a price-to-earnings ratio of 5.98, a PEG ratio of 0.96 and a beta of 0.55. The business has a 50 day simple moving average of C$45.41 and a 200-day simple moving average of C$51.45.

Altus Group (TSE:AIF - Get Free Report) last posted its earnings results on Thursday, February 19th. The company reported C$0.67 earnings per share (EPS) for the quarter. Altus Group had a return on equity of 49.43% and a net margin of 69.98%.The firm had revenue of C$108.96 million during the quarter. As a group, equities analysts expect that Altus Group Limited will post 1.7263823 earnings per share for the current year.

Altus Group Company Profile

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.

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