Aecon Group Inc. (TSE:ARE – Get Free Report) has been given an average rating of “Moderate Buy” by the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is C$55.08.
A number of analysts recently commented on ARE shares. TD decreased their price target on Aecon Group from C$62.00 to C$61.00 and set a “buy” rating for the company in a research report on Friday, June 26th. National Bank Financial boosted their price objective on Aecon Group from C$59.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Desjardins upped 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. Canaccord Genuity Group raised their target price on Aecon Group from C$56.00 to C$57.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Finally, Stifel Nicolaus upgraded Aecon Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$46.00 to C$54.00 in a research note on Friday, June 26th.
Check Out Our Latest Research Report on ARE
Insider Transactions at Aecon Group
Aecon Group Trading Down 4.1%
Shares of ARE stock opened at C$44.61 on Friday. Aecon Group has a 52-week low of C$22.28 and a 52-week high of C$57.72. The company has a debt-to-equity ratio of 84.23, a quick ratio of 1.27 and a current ratio of 1.08. The company has a 50-day simple moving average of C$47.17 and a two-hundred day simple moving average of C$45.61. The company has a market capitalization of C$3.06 billion, a price-to-earnings ratio of -46.96, a PEG ratio of 18.18 and a beta of 1.39.
Aecon Group (TSE:ARE – Get Free Report) last posted its 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 firm had revenue of C$1.63 billion for the quarter. Research analysts anticipate that Aecon Group will post 1.3793321 EPS for the current fiscal year.
Aecon Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, July 3rd were issued 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 -80.53%.
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.
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