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

Altus Group Limited (TSE:AIF) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$46.14 and traded as high as C$46.71. Altus Group shares last traded at C$45.68, with a volume of 74,107 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AIF. ATB Cormark Capital Markets increased their price objective on shares of Altus Group from C$56.00 to C$57.10 and gave the stock an “outperform” rating in a research report on Friday, August 7th. National Bank Financial upped their target price on shares of Altus Group from C$41.00 to C$50.00 and gave the stock a “sector perform” rating in a research note on Friday, August 7th. Finally, BMO Capital Markets increased their target price on Altus Group from C$41.00 to C$50.00 and gave the stock a “sector perform” rating in a report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$55.64.

Altus Group Stock Down 0.1%

The company has a current ratio of 1.09, a quick ratio of 1.30 and a debt-to-equity ratio of 83.44. The firm’s 50 day moving average price is C$46.84 and its two-hundred day moving average price is C$46.13. The company has a market capitalization of C$1.54 billion, a P/E ratio of -109.80, a PEG ratio of 0.96 and a beta of 0.46.

Altus Group (TSE:AIF) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.53 EPS for the quarter. Altus Group had a negative net margin of 5.32% and a negative return on equity of 5.13%. The firm had revenue of C$112.67 million for the quarter. Equities research analysts forecast that Altus Group Limited will post 1.7263823 EPS for the current year.

Altus Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Tuesday, June 30th. Altus Group’s payout ratio is presently -146.34%.

Insider Activity

In other news, Director William Brennan bought 9,743 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were bought at an average cost of C$46.88 per share, with a total value of C$456,751.84. Following the acquisition, the director owned 3,611,050 shares in the company, valued at C$169,286,024. This trade represents a 0.27% increase in their ownership of the stock. Over the last quarter, insiders have bought 25,308 shares of company stock valued at $1,165,267. 4.05% of the stock is currently owned by corporate insiders.

Altus Group Company Profile

Altus Group Ltd operates in the Canadian real estate sector. Its services can be summed up as advisory services, software and data solutions to the property and real estate industry. The company has three reportable segments namely Altus Analytics, Commercial Real Estate Consulting, and Geomatics. It generates maximum revenue from the Commercial Real Estate Consulting segment. A part of its revenue is also derived from the United States, Europe, and the Asia Pacific.