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

Shares of Altus Group Limited (TSE:AIF) passed above its 200-day moving average during trading on Monday . The stock has a 200-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

AIF has been the topic of several recent analyst reports. National Bankshares raised their target price on shares of 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. Scotiabank raised 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. TD Securities lowered their price objective on shares of Altus Group from C$59.00 to C$55.00 and set a “buy” rating for the company in a research note on Tuesday, May 21st. Finally, CIBC raised their target price on Altus Group from C$51.00 to C$53.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Altus Group has a consensus rating of “Hold” and a consensus price target of C$53.56.

Altus Group Stock Up 1.4 %

The company’s fifty day simple moving average is C$48.60 and its 200 day simple moving average is C$47.91. The company has a quick ratio of 1.30, a current ratio of 1.50 and a debt-to-equity ratio of 62.20. The firm has a market capitalization of C$2.31 billion, a PE ratio of 187.11, a price-to-earnings-growth 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 EPS for the quarter, missing analysts’ consensus estimates of C$0.42 by C($0.09). The firm had revenue of C$199.54 million during the quarter, compared to analysts’ expectations of C$198.85 million. Altus Group had a net margin of 1.60% and a return on equity of 2.06%. Analysts anticipate that Altus Group Limited will post 1.9806823 earnings per share for the current fiscal year.

Altus Group Announces Dividend

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