Altus Group (TSE:AIF) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Altus Group Limited (TSE:AIF) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$45.88 and traded as high as C$48.49. Altus Group shares last traded at C$47.68, with a volume of 148,966 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently commented on AIF. ATB Cormark Capital Markets boosted their target price on Altus Group from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a report on Friday, April 17th. National Bank Financial decreased 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 research note on Wednesday, May 27th. Finally, BMO Capital Markets lifted their price target on Altus Group from C$48.00 to C$54.00 in a research report on Thursday, April 16th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$55.62.

Altus Group Stock Up 0.0%

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 has a market capitalization of C$1.68 billion, a price-to-earnings ratio of -2,341.00, a P/E/G ratio of 0.96 and a beta of 0.29. The stock’s fifty day simple moving average is C$45.24 and its two-hundred day simple moving average is C$45.81.

Altus Group (TSE:AIF) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.42 earnings per share (EPS) for the quarter. Altus Group had a negative net margin of 3.42% and a negative return on equity of 2.76%. The company had revenue of C$108.23 million for the quarter. On average, sell-side analysts anticipate that Altus Group Limited will post 1.7263823 EPS for the current year.

Altus Group Dividend Announcement

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

Insider Transactions at Altus Group

In other Altus Group news, Director William Brennan purchased 106,515 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were purchased 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 transaction, the director owned 3,479,874 shares in the company, valued at C$148,938,607.20. This represents a 3.16% increase in their position. Insiders have purchased a total of 190,392 shares of company stock valued at $8,052,187 in the last quarter. 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.