Aecon Group Inc. (TSE:ARE) Receives C$55.08 Average Price Target from Brokerages

Shares of Aecon Group Inc. (TSE:ARE) have received an average rating of “Moderate Buy” from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$55.08.

Several research analysts have recently weighed in on ARE shares. National Bank Financial upped their target price on shares of Aecon Group from C$59.00 to C$65.00 and gave the company an “outperform” rating in a research note on Monday, July 13th. Royal Bank Of Canada lifted their price target on shares of Aecon Group from C$44.00 to C$49.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Stifel Nicolaus upgraded shares of Aecon Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$46.00 to C$54.00 in a report on Friday, June 26th. TD decreased their price objective on shares of 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. Finally, Canadian Imperial Bank of Commerce raised their target price on Aecon Group from C$45.00 to C$48.00 in a research note on Thursday, April 9th.

Aecon Group Stock Performance

Shares of TSE:ARE opened at C$51.82 on Friday. The company has a market cap of C$3.55 billion, a P/E ratio of 94.22, a PEG ratio of 18.18 and a beta of 1.38. The company has a debt-to-equity ratio of 42.80, a quick ratio of 1.27 and a current ratio of 1.16. Aecon Group has a one year low of C$17.06 and a one year high of C$57.72. The business’s 50-day simple moving average is C$47.05 and its 200 day simple moving average is C$42.93.

Aecon Group (TSE:ARE) last released its quarterly earnings results on Tuesday, April 28th. The company reported C($0.21) EPS for the quarter. The company had revenue of C$1.26 billion for the quarter. Aecon Group had a return on equity of 3.71% and a net margin of 0.62%. On average, sell-side analysts forecast that Aecon Group will post 1.3793321 earnings per share for the current fiscal year.

Aecon Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, July 3rd were issued a $0.1925 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.77 dividend on an annualized basis and a yield of 1.5%. Aecon Group’s dividend payout ratio is currently 138.64%.

Insider Buying and Selling at Aecon Group

In other Aecon Group news, Director John Michael Beck sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of C$49.77, for a total transaction of C$995,400.00. Following the completion of the sale, the director owned 201,417 shares in the company, valued at C$10,024,524.09. This trade represents a 9.03% decrease in their position. Also, insider Ernest Chan sold 521 shares of Aecon Group stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of C$55.09, for a total value of C$28,701.89. Following the sale, the insider owned 11,003 shares in the company, valued at C$606,155.27. This represents a 4.52% decrease in their ownership of the stock. Insiders sold a total of 23,451 shares of company stock worth $1,177,370 in the last 90 days. 0.82% of the stock is owned by corporate insiders.

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.