Altus Group (TSE:AIF) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Altus Group Limited (TSE:AIF) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$51.45 and traded as low as C$50.16. Altus Group shares last traded at C$50.56, with a volume of 486,312 shares traded.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AIF. Royal Bank Of Canada lowered their price target on Altus Group from C$56.00 to C$50.00 and set a “sector perform” rating on the stock in a report on Friday, February 20th. BMO Capital Markets boosted their target price on Altus Group from C$48.00 to C$54.00 in a research note on Thursday. ATB Cormark Capital Markets boosted their target price on Altus Group from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research note on Friday. Finally, TD Securities lowered their target price on Altus Group from C$67.00 to C$55.00 and set a “buy” rating on the stock in a research note on Wednesday, February 25th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$56.50.

Altus Group Stock Up 1.8%

The company has a current ratio of 1.03, a quick ratio of 1.30 and a debt-to-equity ratio of 48.84. The firm has a market cap of C$2.01 billion, a price-to-earnings ratio of 6.00, a PEG ratio of 0.96 and a beta of 0.55. The firm has a 50-day moving average of C$45.77 and a two-hundred day moving average of C$51.38.

Altus Group (TSE:AIF) last posted its quarterly earnings data on Thursday, February 19th. The company reported C$0.67 earnings per share for the quarter. Altus Group had a return on equity of 49.43% and a net margin of 69.98%.The business had revenue of C$108.96 million during the quarter. As a group, sell-side analysts predict that Altus Group Limited will post 1.7263823 earnings per share for the current fiscal year.

About Altus Group

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.