Aecon Group (TSE:ARE) Given New C$18.50 Price Target at BMO Capital Markets

Aecon Group (TSE:ARE) had its price objective hoisted by BMO Capital Markets from C$17.50 to C$18.50 in a report released on Friday, BayStreet.CA reports.

Several other research analysts have also recently weighed in on the company. Raymond James boosted their price target on Aecon Group from C$14.00 to C$16.00 and gave the stock a market perform rating in a research note on Thursday, March 7th. CIBC boosted their price target on Aecon Group from C$21.00 to C$22.00 and gave the stock an outperform rating in a research note on Thursday, April 18th. Royal Bank of Canada boosted their price target on Aecon Group from C$10.00 to C$13.00 and gave the stock a sector perform rating in a research note on Thursday, March 7th. TD Securities boosted their price target on Aecon Group from C$14.00 to C$18.50 and gave the stock a hold rating in a research note on Friday, March 8th. Finally, Stifel Nicolaus boosted their price target on Aecon Group from C$17.00 to C$18.25 in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Aecon Group presently has a consensus rating of Moderate Buy and an average price target of C$19.17.

Aecon Group Price Performance

ARE opened at C$17.05 on Friday. The stock has a fifty day simple moving average of C$16.15 and a two-hundred day simple moving average of C$13.58. The company has a current ratio of 1.42, a quick ratio of 1.27 and a debt-to-equity ratio of 39.29. The company has a market cap of C$1.06 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16. Aecon Group has a 12-month low of C$8.42 and a 12-month high of C$17.40.

Aecon Group (TSE:ARE) last posted its quarterly earnings data on Wednesday, April 24th. The company reported C($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.14) by C$0.04. The business had revenue of C$846.59 million during the quarter, compared to the consensus estimate of C$1.03 billion. Aecon Group had a return on equity of 16.04% and a net margin of 3.49%. Research analysts predict that Aecon Group will post 0.7603047 earnings per share for the current fiscal year.

Aecon Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 22nd were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.46%. The ex-dividend date was Thursday, March 21st. This is a boost from Aecon Group’s previous quarterly dividend of $0.19. Aecon Group’s dividend payout ratio (DPR) is 36.19%.

Insider Buying and Selling at Aecon Group

In other news, Senior Officer Martina Doyle sold 2,265 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total transaction of C$37,191.30. In other news, Director Stuart Lee bought 7,000 shares of Aecon Group stock in a transaction that occurred on Friday, March 22nd. The stock was bought at an average price of C$16.33 per share, for a total transaction of C$114,310.00. Also, Senior Officer Martina Doyle sold 2,265 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total value of C$37,191.30. Insiders own 1.72% of the company’s stock.

Aecon Group Company Profile

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.