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

Altus Group Limited (TSE:AIF)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$45.71 and traded as high as C$47.43. Altus Group shares last traded at C$46.99, with a volume of 255,549 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently weighed in on AIF. ATB Cormark Capital Markets upped their price objective on Altus Group from C$56.00 to C$57.10 and gave the stock an “outperform” rating in a research report on Friday, August 7th. BMO Capital Markets boosted their target price on Altus Group from C$41.00 to C$50.00 and gave the company a “sector perform” rating in a research note on Friday, August 7th. Finally, National Bank Financial upped their price target on Altus Group from C$41.00 to C$50.00 and gave the stock 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of C$55.64.

Altus Group Stock Down 1.3%

The company has a current ratio of 1.09, a quick ratio of 1.30 and a debt-to-equity ratio of 83.44. The firm’s 50 day simple moving average is C$46.67 and its 200-day simple moving average is C$45.75. The stock has a market capitalization of C$1.58 billion, a price-to-earnings ratio of -112.68, a price-to-earnings-growth ratio of 0.96 and a beta of 0.29.

Altus Group (TSE:AIF) last posted its quarterly earnings data 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%. Equities analysts expect that Altus Group Limited will post 1.7263823 earnings per share for the current fiscal year.

Altus Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Altus Group’s dividend payout ratio is presently -146.34%.

Insider Buying and Selling at Altus Group

In other news, Director William Brennan bought 15,265 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were acquired at an average cost of C$45.53 per share, for a total transaction of C$695,015.45. Following the completion of the acquisition, the director owned 3,558,335 shares in the company, valued at approximately C$162,010,992.55. This represents a 0.43% increase in their ownership of the stock. Corporate insiders own 4.05% of the company’s stock.

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.