Altus Group (TSE:AIF) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Altus Group Limited (TSE:AIF)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$54.99 and traded as high as C$57.76. Altus Group shares last traded at C$57.49, with a volume of 45,104 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Royal Bank of Canada boosted their price target on Altus Group from C$55.00 to C$56.00 in a research note on Friday, November 8th. CIBC upped their target price on Altus Group from C$52.00 to C$60.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Altus Group has an average rating of “Hold” and an average price target of C$57.11.

Altus Group Trading Up 0.2 %

The company has a market cap of C$2.65 billion, a P/E ratio of 958.17, a P/E/G ratio of 0.96 and a beta of 0.82. The business has a fifty day simple moving average of C$56.87 and a 200 day simple moving average of C$54.99. The company has a debt-to-equity ratio of 57.13, a quick ratio of 1.30 and a current ratio of 1.41.

Altus Group (TSE:AIF) last announced its quarterly earnings data on Thursday, November 7th. The company reported C$0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.23 by C($0.04). Altus Group had a return on equity of 0.48% and a net margin of 0.37%. During the same period in the prior year, the firm earned $0.33 EPS. Analysts anticipate that Altus Group Limited will post 1.7263823 earnings per share for the current fiscal year.

Altus Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.04%. The ex-dividend date was Tuesday, December 31st. Altus Group’s dividend payout ratio (DPR) is presently 1,000.00%.

Insider Buying and Selling

In related news, Director William Brennan bought 11,744 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were bought at an average cost of C$57.30 per share, for a total transaction of C$672,931.20. Insiders have bought 48,973 shares of company stock worth $2,790,608 over the last ninety days. 4.05% of the stock is owned by insiders.

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.