Brokerages Set Aecon Group Inc. (TSE:ARE) Price Target at C$19.17

Aecon Group Inc. (TSE:ARE) has earned an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$19.17.

A number of research analysts recently commented on ARE shares. Paradigm Capital increased their price target on shares of Aecon Group from C$14.00 to C$17.80 and gave the company a “hold” rating in a report on Friday, April 26th. BMO Capital Markets increased their price target on shares of Aecon Group from C$17.50 to C$18.50 in a report on Friday, April 26th. National Bankshares increased their price target on shares of Aecon Group from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a report on Friday, April 26th. Raymond James increased their price target on shares of Aecon Group from C$16.00 to C$17.00 and gave the company a “market perform” rating in a report on Friday, April 26th. Finally, CIBC increased their price target on shares of Aecon Group from C$22.00 to C$23.00 and gave the company an “outperform” rating in a report on Friday, April 26th.

Aecon Group Trading Up 0.8 %

Shares of ARE stock opened at C$16.98 on Thursday. Aecon Group has a 52-week low of C$8.42 and a 52-week high of C$17.40. The company has a debt-to-equity ratio of 28.71, a quick ratio of 1.27 and a current ratio of 1.50. The firm has a market capitalization of C$1.06 billion, a PE ratio of 7.90, a PEG ratio of 18.18 and a beta of 1.19. The stock has a fifty day simple moving average of C$16.74 and a two-hundred day simple moving average of C$15.43.

Aecon Group (TSE:ARE) last released its quarterly earnings data on Wednesday, April 24th. The company reported C($0.10) EPS for the quarter, beating the consensus estimate of C($0.14) by C$0.04. Aecon Group had a net margin of 3.77% and a return on equity of 16.62%. The business had revenue of C$846.59 million during the quarter, compared to the consensus estimate of C$1.03 billion. On average, analysts predict that Aecon Group will post 0.9104803 EPS for the current fiscal year.

Aecon Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date is Friday, June 21st. Aecon Group’s dividend payout ratio (DPR) is presently 35.35%.

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.