Aecon Group Inc. (TSE:ARE) Receives C$43.58 Consensus Target Price from Analysts

Aecon Group Inc. (TSE:ARE) has earned a consensus rating of “Hold” from the ten ratings firms that are presently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$44.58.

Several brokerages have recently commented on ARE. Stifel Nicolaus lowered their target price on shares of Aecon Group from C$34.25 to C$28.75 and set a “hold” rating on the stock in a report on Monday, March 9th. Royal Bank Of Canada raised their target price on shares of Aecon Group from C$41.00 to C$44.00 and gave the stock a “sector perform” rating in a report on Thursday. Desjardins raised their target price on shares of Aecon Group from C$43.00 to C$45.00 and gave the stock a “hold” rating in a report on Monday, March 30th. Raymond James Financial raised their target price on shares of Aecon Group from C$41.00 to C$44.00 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. Finally, Canadian Imperial Bank of Commerce raised their target price on shares of Aecon Group from C$45.00 to C$48.00 in a report on Thursday.

Aecon Group Stock Performance

Shares of ARE stock opened at C$46.00 on Wednesday. The firm has a 50 day moving average price of C$39.77 and a two-hundred day moving average price of C$32.87. The company has a quick ratio of 1.27, a current ratio of 1.10 and a debt-to-equity ratio of 65.17. The company has a market capitalization of C$3.15 billion, a PE ratio of 200.00, a price-to-earnings-growth ratio of 18.18 and a beta of 0.97. Aecon Group has a 12-month low of C$15.21 and a 12-month high of C$46.03.

Aecon Group (TSE:ARE) last issued its quarterly earnings data on Thursday, March 5th. The company reported C$0.52 earnings per share (EPS) for the quarter. Aecon Group had a net margin of 0.28% and a return on equity of 1.66%. The firm had revenue of C$1.54 billion during the quarter. As a group, analysts predict that Aecon Group will post 1.3793321 earnings per share for the current year.

Aecon Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd were issued a dividend of $0.1925 per share. The ex-dividend date of this dividend was Monday, March 23rd. This represents a $0.77 annualized dividend and a dividend yield of 1.7%. Aecon Group’s dividend payout ratio (DPR) is currently 330.43%.

Insider Activity at Aecon Group

In other news, Director Eric Stuart Rosenfeld sold 125,000 shares of the firm’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of C$41.64, for a total transaction of C$5,205,000.00. Following the transaction, the director directly owned 184,200 shares of the company’s stock, valued at approximately C$7,670,088. This trade represents a 40.43% decrease in their ownership of the stock. Corporate insiders own 0.82% of the company’s stock.

Aecon Group Company Profile

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.