Altus Group (TSE:AIF) Shares Pass Above Two Hundred Day Moving Average of $47.91

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$47.91 and traded as high as C$51.05. Altus Group shares last traded at C$50.52, with a volume of 59,647 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Scotiabank upped their price target 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. National Bankshares upped their target price on Altus Group from C$50.00 to C$55.00 and gave the stock a “sector perform” rating in a report on Thursday, April 18th. CIBC lifted their price target on Altus Group from C$51.00 to C$53.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Finally, TD Securities reduced their price target on Altus Group from C$59.00 to C$55.00 and set a “buy” rating on the stock in a report on Tuesday, May 21st. Six research analysts have rated the stock with a hold rating and three have assigned a buy 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$53.56.

Altus Group Price Performance

The firm has a market capitalization of C$2.31 billion, a P/E ratio of 187.11, a PEG ratio of 0.96 and a beta of 0.79. The company has a fifty day moving average of C$48.60 and a 200 day moving average of C$47.91. The company has a debt-to-equity ratio of 62.20, a current ratio of 1.50 and a quick ratio of 1.30.

Altus Group (TSE:AIF) last posted its quarterly earnings data on Thursday, May 2nd. The company reported C$0.33 EPS for the quarter, missing analysts’ consensus estimates of C$0.42 by C($0.09). Altus Group had a net margin of 1.60% and a return on equity of 2.06%. The firm had revenue of C$199.54 million during the quarter, compared to the consensus estimate of C$198.85 million. Sell-side analysts predict that Altus Group Limited will post 1.9806823 earnings per share for the current year.

Altus Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Monday, July 15th will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, June 28th. This represents a $0.60 dividend on an annualized basis and a yield of 1.19%. Altus Group’s payout ratio is currently 222.22%.

Altus Group Company Profile

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.