Altus Group (TSE:AIF) Shares Cross Above 200 Day Moving Average – Time to Sell?

Altus Group Limited (TSE:AIF)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$55.42 and traded as high as C$59.76. Altus Group shares last traded at C$59.35, with a volume of 85,656 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AIF shares. CIBC boosted their target price on shares of 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. 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. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, Altus Group presently has a consensus rating of “Hold” and an average target price of C$57.11.

Altus Group Price Performance

The company has a fifty day moving average of C$57.09 and a 200 day moving average of C$55.42. The firm has a market capitalization of C$2.73 billion, a P/E ratio of 989.17, a PEG ratio of 0.96 and a beta of 0.82. The company has a debt-to-equity ratio of 57.13, a current ratio of 1.41 and a quick ratio of 1.30.

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

Altus Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Tuesday, December 31st. Altus Group’s payout ratio is 1,000.00%.

Insider Transactions at Altus Group

In related news, Director William Brennan sold 11,150 shares of the stock in a transaction on Monday, December 30th. The stock was sold at an average price of C$55.45, for a total value of C$618,267.50. Insiders have bought 48,973 shares of company stock valued at $2,790,608 over the last ninety days. 4.05% of the stock is owned by company insiders.

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.