Altus Group (TSE:AIF) Stock Passes Above Two Hundred Day Moving Average of $46.17

Altus Group Limited (TSE:AIF - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 changing hands.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of Altus Group from C$48.00 to C$51.00 and gave the stock a "market perform" rating in a report on Friday, February 23rd. Scotiabank boosted their target price on shares of Altus Group from C$48.00 to C$50.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 31st. Canaccord Genuity Group lowered their price target on shares of Altus Group from C$63.00 to C$59.00 and set a "buy" rating on the stock in a research report on Monday, January 29th. Cormark raised shares of Altus Group from a "market perform" rating to a "buy" rating in a research report on Friday, February 23rd. Finally, TD Securities upped their target price on shares of Altus Group from C$52.00 to C$56.00 and gave the stock a "buy" rating in a report on Friday, February 23rd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of C$52.72.

Altus Group Trading Up 0.3 %

The stock has a market capitalization of C$2.37 billion, a P/E ratio of 237.36, a P/E/G ratio of 0.96 and a beta of 0.78. The firm's 50 day moving average price is C$50.08 and its 200 day moving average price is C$46.17. The company has a debt-to-equity ratio of 59.01, a current ratio of 1.39 and a quick ratio of 1.30.

Altus Group (TSE:AIF - Get Free Report) last released its quarterly earnings results on Thursday, February 22nd. The company reported C$0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.42 by C$0.04. Altus Group had a net margin of 1.32% and a return on equity of 1.70%. The company had revenue of C$191.57 million during the quarter, compared to the consensus estimate of C$192.55 million. As a group, equities research analysts expect that Altus Group Limited will post 2.0527987 earnings per share for the current fiscal year.

Altus Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date of this dividend was Wednesday, March 27th. Altus Group's payout ratio is currently 272.73%.

Insiders Place Their Bets

In other Altus Group news, Director Alex Probyn sold 11,087 shares of the company's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of C$51.84, for a total value 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.