Aecon Group (TSE:ARE – Free Report) had its target price boosted by Raymond James from C$24.00 to C$28.00 in a research report report published on Tuesday morning,BayStreet.CA reports. Raymond James also issued estimates for Aecon Group’s Q4 2024 earnings at $0.31 EPS, FY2024 earnings at ($0.85) EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.98 EPS, Q4 2025 earnings at $0.45 EPS and FY2025 earnings at $1.50 EPS.
A number of other brokerages have also issued reports on ARE. Royal Bank of Canada increased their target price on Aecon Group from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. ATB Capital lifted their target price on shares of Aecon Group from C$21.00 to C$29.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Stifel Canada raised shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 25th. Stifel Nicolaus raised their price target on shares of Aecon Group from C$30.00 to C$31.00 in a research note on Friday, October 4th. Finally, CIBC lifted their price objective on Aecon Group from C$25.00 to C$29.00 in a report on Monday, November 4th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$25.94.
Aecon Group Stock Performance
Aecon Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd were issued a $0.19 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.76 annualized dividend and a dividend yield of 2.70%. Aecon Group’s dividend payout ratio is presently -281.48%.
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.
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