Altus Group (TSE:AIF) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Altus Group Limited (TSE:AIF) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$45.45 and traded as high as C$47.84. Altus Group shares last traded at C$45.44, with a volume of 91,612 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have commented on AIF. ATB Cormark Capital Markets upped their price objective on Altus Group from C$56.00 to C$57.10 and gave the company an “outperform” rating in a report on Friday, August 7th. BMO Capital Markets lifted their target price on Altus Group from C$41.00 to C$50.00 and gave the stock a “sector perform” rating in a report on Friday, August 7th. Finally, National Bank Financial boosted their target price on shares of Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a research report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Altus Group presently has a consensus rating of “Hold” and an average target price of C$55.64.

Altus Group Price Performance

The stock has a market capitalization of C$1.63 billion, a price-to-earnings ratio of -116.49, a PEG ratio of 0.96 and a beta of 0.29. The company has a debt-to-equity ratio of 83.44, a quick ratio of 1.30 and a current ratio of 1.09. The company has a fifty day simple moving average of C$46.12 and a two-hundred day simple moving average of C$45.45.

Altus Group (TSE:AIF) last issued its earnings results on Thursday, August 6th. The company reported C$0.53 EPS for the quarter. The company had revenue of C$112.67 million during the quarter. Altus Group had a negative net margin of 5.32% and a negative return on equity of 5.13%. As a group, equities research analysts expect that Altus Group Limited will post 1.7263823 earnings per share for the current fiscal year.

Altus Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Altus Group’s dividend payout ratio (DPR) is currently -146.34%.

Insider Activity

In other Altus Group news, Director William Brennan purchased 15,265 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were bought at an average price of C$45.53 per share, for a total transaction of C$695,015.45. Following the purchase, the director owned 3,558,335 shares in the company, valued at approximately C$162,010,992.55. This trade represents a 0.43% increase in their position. In the last 90 days, insiders acquired 34,998 shares of company stock valued at $1,545,081. Company insiders own 4.05% of the company’s stock.

About Altus Group

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.