Aecon Group (TSE:ARE – Free Report) had its price objective increased by National Bank Financial from C$64.00 to C$66.00 in a report released on Thursday morning,BayStreet reports. They currently have an outperform rating on the stock.
Several other equities research analysts have also commented on ARE. Stifel Nicolaus raised shares of Aecon Group from a “hold” rating to a “buy” rating and upped their price target for the company from C$46.00 to C$54.00 in a report on Friday, June 26th. Canaccord Genuity Group lifted their price objective on Aecon Group from C$56.00 to C$57.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Desjardins lifted their price objective on Aecon Group from C$55.00 to C$61.00 and gave the company a “hold” rating in a research note on Monday, July 6th. 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, Raymond James Financial raised Aecon Group from a “hold” rating to a “moderate buy” rating and boosted their price objective for the company from C$52.00 to C$60.00 in a report on Friday, July 3rd. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Aecon Group has a consensus rating of “Moderate Buy” and an average price target of C$55.17.
View Our Latest Stock Analysis on Aecon Group
Aecon Group Stock Up 0.8%
ARE stock opened at C$51.65 on Thursday. The firm’s fifty day simple moving average is C$48.50 and its 200-day simple moving average is C$47.66. The company has a market capitalization of C$3.54 billion, a P/E ratio of -54.37, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16. The company has a debt-to-equity ratio of 84.23, a current ratio of 1.08 and a quick ratio of 1.27. Aecon Group has a 12 month low of C$23.93 and a 12 month high of C$59.96.
Aecon Group (TSE:ARE – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.33 earnings per share for the quarter. Aecon Group had a negative net margin of 1.10% and a negative return on equity of 6.76%. The firm had revenue of C$1.63 billion for the quarter. As a group, equities research analysts forecast that Aecon Group will post 1.38 earnings per share for the current year.
Aecon Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, October 2nd were paid a dividend of $0.1925 per share. The ex-dividend date of this dividend was Tuesday, September 22nd. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.5%. Aecon Group’s dividend payout ratio (DPR) is presently -80.53%.
Insider Buying and Selling
In other news, Director Scott Stewart bought 4,455 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was purchased at an average cost of C$44.89 per share, with a total value of C$199,984.95. Following the acquisition, the director directly owned 24,484 shares in the company, valued at C$1,099,086.76. This trade represents a 22.24% increase in their ownership of the stock. Also, insider Steven Neil Nackan sold 4,500 shares of Aecon Group stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of C$45.55, for a total transaction of C$204,975.00. Following the transaction, the insider directly owned 8,035 shares of the company’s stock, valued at approximately C$365,994.25. This trade represents a 35.90% decrease in their ownership of the stock. Insiders have sold a total of 7,500 shares of company stock worth $343,875 in the last ninety days. Corporate insiders own 0.82% of the company’s stock.
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.
See Also
- Five stocks we like better than Aecon Group
- Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027
- ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid
- Does the AI Selloff Put Alphabet’s Breakout in Doubt?
- Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
Receive News & Ratings for Aecon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aecon Group and related companies with MarketBeat.com's FREE daily email newsletter.
