Altus Group (TSE:AIF) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Altus Group Limited (TSE:AIFGet Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$46.78 and traded as high as C$46.97. Altus Group shares last traded at C$45.95, with a volume of 198,990 shares changing hands.

Wall Street Analyst Weigh In

AIF has been the topic of a number of research reports. BMO Capital Markets raised their target price on shares of Altus Group from C$48.00 to C$54.00 in a research report on Thursday, April 16th. National Bank Financial lowered their price target on Altus Group from C$52.00 to C$45.00 and set a “sector perform” rating for the company in a report on Wednesday, May 27th. Finally, ATB Cormark Capital Markets increased their price objective on Altus Group from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$55.62.

Get Our Latest Research Report on Altus Group

Altus Group Trading Up 2.3%

The company has a debt-to-equity ratio of 52.00, a quick ratio of 1.30 and a current ratio of 0.71. The company’s fifty day simple moving average is C$44.43 and its 200-day simple moving average is C$46.70. The company has a market capitalization of C$1.65 billion, a P/E ratio of -2,308.00, a PEG ratio of 0.96 and a beta of 0.29.

Altus Group (TSE:AIFGet Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.42 EPS for the quarter. Altus Group had a negative net margin of 3.42% and a negative return on equity of 2.76%. The business had revenue of C$108.23 million during the quarter. Research analysts predict that Altus Group Limited will post 1.7263823 earnings per share for the current year.

Altus Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Altus Group’s dividend payout ratio (DPR) is presently -3,000.00%.

Insider Buying and Selling

In related news, Director William Brennan bought 106,515 shares of the stock in a transaction on Tuesday, May 19th. The stock was bought at an average price of C$42.80 per share, for a total transaction of C$4,558,842.00. Following the completion of the acquisition, the director directly owned 3,479,874 shares in the company, valued at approximately C$148,938,607.20. This represents a 3.16% increase in their ownership of the stock. Insiders have purchased a total of 190,392 shares of company stock valued at $8,052,187 over the last ninety days. Insiders own 4.05% of the company’s stock.

Altus Group Company Profile

(Get Free Report)

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.

Further Reading

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