Aecon Group (TSE:ARE) Price Target Raised to C$45.00

Aecon Group (TSE:ARE) had its price target upped by BMO Capital Markets from C$40.00 to C$45.00 in a research report sent to investors on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research analysts have also recently issued reports on the stock. Royal Bank Of Canada raised their target price on shares of Aecon Group from C$30.00 to C$41.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 10th. Desjardins upped their price target on shares of Aecon Group from C$43.00 to C$45.00 and gave the company a “hold” rating in a report on Monday. Canaccord Genuity Group increased their price target on shares of Aecon Group from C$40.00 to C$52.00 and gave the company a “buy” rating in a research report on Monday, March 9th. ATB Cormark Capital Markets raised their price target on shares of Aecon Group from C$35.00 to C$39.00 and gave the stock a “sector perform” rating in a report on Monday, March 9th. Finally, Raymond James Financial boosted their price objective on shares of Aecon Group from C$33.00 to C$41.00 and gave the company a “market perform” rating in a research report on Tuesday, March 10th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$43.58.

Aecon Group Trading Up 0.9%

Shares of ARE stock opened at C$42.20 on Monday. The business has a 50-day moving average of C$38.53 and a 200 day moving average of C$31.82. The company has a debt-to-equity ratio of 65.17, a current ratio of 1.10 and a quick ratio of 1.27. Aecon Group has a 1-year low of C$15.21 and a 1-year high of C$44.71. The stock has a market capitalization of C$2.70 billion, a PE ratio of 183.48, a P/E/G ratio of 18.18 and a beta of 1.10.

Aecon Group (TSE:ARE) last announced its quarterly earnings results on Thursday, March 5th. The company reported C$0.52 EPS for the quarter. Aecon Group had a return on equity of 1.66% and a net margin of 0.28%.The business had revenue of C$1.54 billion for the quarter. As a group, sell-side analysts anticipate that Aecon Group will post 1.3793321 earnings per share for the current year.

Aecon Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd will be given a $0.1925 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, March 23rd. Aecon Group’s dividend payout ratio (DPR) is currently 330.43%.

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.