Aecon Group Inc. (TSE:ARE – Get Free Report) has earned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$55.08.
A number of research firms have issued reports on ARE. Desjardins raised their target price on Aecon Group from C$55.00 to C$61.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. Raymond James Financial raised Aecon Group from a “hold” rating to a “moderate buy” rating and upped their price target for the company from C$52.00 to C$60.00 in a research report on Friday, July 3rd. ATB Cormark Capital Markets increased their price target on Aecon Group from C$42.00 to C$49.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. TD decreased their price objective on Aecon Group from C$62.00 to C$61.00 and set a “buy” rating for the company in a report on Friday, June 26th. Finally, Royal Bank Of Canada lifted their price objective on Aecon Group from C$44.00 to C$49.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th.
View Our Latest Stock Report on Aecon Group
Insider Buying and Selling at Aecon Group
Aecon Group Stock Performance
Shares of ARE stock opened at C$46.45 on Tuesday. Aecon Group has a 52 week low of C$19.81 and a 52 week high of C$57.72. The firm’s 50-day simple moving average is C$47.22 and its two-hundred day simple moving average is C$44.41. The firm has a market cap of C$3.18 billion, a price-to-earnings ratio of -48.89, a P/E/G ratio of 18.18 and a beta of 1.41. The company has a debt-to-equity ratio of 84.23, a quick ratio of 1.27 and a current ratio of 1.08.
Aecon Group (TSE:ARE – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.33 EPS for the quarter. Aecon Group had a negative net margin of 1.10% and a negative return on equity of 6.76%. The company had revenue of C$1.63 billion for the quarter. As a group, equities analysts forecast that Aecon Group will post 1.3793321 earnings per share for the current year.
Aecon Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd were given a dividend of $0.1925 per share. This represents a $0.77 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, June 23rd. Aecon Group’s dividend payout ratio (DPR) is currently -80.53%.
About Aecon Group
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.
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