Aecon Group (TSE:ARE) Price Target Raised to C$18.00 at National Bankshares

Aecon Group (TSE:ARE) had its price objective upped by National Bankshares from C$15.00 to C$18.00 in a report published on Friday, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other brokerages have also recently commented on ARE. ATB Capital increased their target price on shares of Aecon Group from C$15.25 to C$19.50 and gave the stock an outperform rating in a report on Thursday, March 7th. CIBC increased their price objective on shares of Aecon Group from C$21.00 to C$22.00 and gave the company an outperform rating in a research report on Thursday, April 18th. Royal Bank of Canada increased their price objective on shares of Aecon Group from C$10.00 to C$13.00 and gave the company a sector perform rating in a research report on Thursday, March 7th. Desjardins increased their price objective on shares of Aecon Group from C$16.00 to C$20.00 and gave the company a buy rating in a research report on Thursday, March 7th. Finally, BMO Capital Markets increased their price objective on shares of Aecon Group from C$17.50 to C$18.50 in a research report on Friday. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of C$19.17.

Aecon Group Trading Down 0.4 %

ARE opened at C$16.98 on Friday. The company has a market cap of C$1.06 billion, a price-to-earnings ratio of 8.09, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16. The firm has a 50 day simple moving average of C$16.21 and a 200 day simple moving average of C$13.66. The company has a debt-to-equity ratio of 39.29, a current ratio of 1.42 and a quick ratio of 1.27. Aecon Group has a fifty-two week low of C$8.42 and a fifty-two week high of C$17.40.

Aecon Group (TSE:ARE) last released its quarterly earnings results on Wednesday, April 24th. The company reported C($0.10) earnings per share for the quarter, beating the consensus estimate of C($0.14) by C$0.04. The company had revenue of C$846.59 million during the quarter, compared to analysts’ expectations of C$1.03 billion. Aecon Group had a net margin of 3.49% and a return on equity of 16.04%. On average, sell-side analysts anticipate that Aecon Group will post 0.7603047 earnings per share for the current year.

Aecon Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, March 22nd were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date was Thursday, March 21st. This is a positive change from Aecon Group’s previous quarterly dividend of $0.19. Aecon Group’s dividend payout ratio (DPR) is 36.19%.

Insider Activity at Aecon Group

In other Aecon Group news, Director Stuart Lee acquired 7,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was acquired at an average price of C$16.33 per share, for a total transaction of C$114,310.00. In other news, Senior Officer Adam Robert Borgatti purchased 4,231 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average price of C$13.07 per share, for a total transaction of C$55,299.17. Also, Director Stuart Lee purchased 7,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The stock was purchased at an average price of C$16.33 per share, for a total transaction of C$114,310.00. 1.72% of the stock is owned by company insiders.

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.