Altus Group (TSE:AIF) Stock Price Passes Above Two Hundred Day Moving Average of $47.33

Altus Group Limited (TSE:AIF) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$47.33 and traded as high as C$48.61. Altus Group shares last traded at C$48.58, with a volume of 83,327 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AIF. Cormark upgraded shares of Altus Group from a “market perform” rating to a “buy” rating in a research note on Friday, February 23rd. Scotiabank upped their price objective on shares of Altus Group from C$49.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 21st. BMO Capital Markets lifted their price objective on shares of Altus Group from C$48.00 to C$51.00 and gave the company a “market perform” rating in a report on Friday, February 23rd. CIBC upped their target price on shares of Altus Group from C$51.00 to C$53.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Finally, National Bankshares lifted their price target on Altus Group from C$50.00 to C$55.00 and gave the company a “sector perform” rating in a research note on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$53.56.

Altus Group Stock Up 3.4 %

The stock’s 50-day moving average price is C$48.90 and its two-hundred day moving average price is C$47.33. The company has a current ratio of 1.50, a quick ratio of 1.30 and a debt-to-equity ratio of 62.20. The stock has a market capitalization of C$2.22 billion, a P/E ratio of 179.93, a P/E/G ratio of 0.96 and a beta of 0.79.

Altus Group (TSE:AIF) last released its earnings results on Thursday, May 2nd. The company reported C$0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.42 by C($0.09). Altus Group had a return on equity of 2.06% and a net margin of 1.60%. The firm had revenue of C$199.54 million during the quarter, compared to analysts’ expectations of C$198.85 million. As a group, research analysts expect that Altus Group Limited will post 1.9806823 earnings per share for the current fiscal year.

Altus Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.24%. The ex-dividend date is Friday, June 28th. Altus Group’s dividend payout ratio (DPR) is presently 222.22%.

About Altus Group

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.