Altus Group (TSE:AIF) Stock Passes Above 200 Day Moving Average of $46.46

Altus Group Limited (TSE:AIF - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$46.46 and traded as high as C$48.85. Altus Group shares last traded at C$48.03, with a volume of 29,113 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AIF shares. CIBC reduced their price objective on Altus Group from C$52.50 to C$51.00 and set a "neutral" rating for the company in a report on Friday, May 3rd. TD Securities increased their target price on Altus Group from C$52.00 to C$56.00 and gave the stock a "buy" rating in a research report on Friday, February 23rd. Cormark raised shares of Altus Group from a "market perform" rating to a "buy" rating in a research note on Friday, February 23rd. National Bankshares raised their price target on shares of Altus Group from C$50.00 to C$55.00 and gave the company a "sector perform" rating in a report on Thursday, April 18th. Finally, BMO Capital Markets raised their price objective on Altus Group from C$48.00 to C$51.00 and gave the company a "market perform" rating in a research report on Friday, February 23rd. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Altus Group presently has a consensus rating of "Hold" and a consensus target price of C$53.11.

Altus Group Stock Performance

The stock has a market cap of C$2.18 billion, a P/E ratio of 183.81, a PEG ratio of 0.96 and a beta of 0.79. The company has a debt-to-equity ratio of 62.20, a current ratio of 1.50 and a quick ratio of 1.30. The company has a fifty day moving average of C$51.10 and a 200 day moving average of C$46.46.

Altus Group (TSE:AIF - Get Free Report) last posted 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. The company had revenue of C$191.57 million for the quarter, compared to the consensus estimate of C$192.55 million. Altus Group had a return on equity of 2.06% and a net margin of 1.60%. On average, equities analysts predict that Altus Group Limited will post 2.0016598 earnings per share for the current fiscal year.

Altus Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, June 28th. Altus Group's payout ratio is 230.77%.

Insider Activity

In other Altus Group news, Director Alex Probyn sold 11,087 shares of the company's stock in a transaction on Monday, March 4th. The stock was sold at an average price of C$51.84, for a total value of C$574,750.08. Insiders own 4.04% 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.