Aecon Group (TSE:ARE) PT Raised to C$31.00

Aecon Group (TSE:ARE) had its price target boosted by Stifel Nicolaus from C$30.00 to C$31.00 in a report published on Friday, BayStreet.CA reports.

Other research analysts have also recently issued research reports about the company. Royal Bank of Canada lifted their price objective on Aecon Group from C$13.00 to C$17.00 and gave the company a sector perform rating in a research note on Monday, July 29th. Desjardins lowered their price objective on Aecon Group from C$20.00 to C$18.00 and set a buy rating for the company in a research note on Tuesday, July 2nd. CIBC decreased their price target on Aecon Group from C$23.00 to C$22.00 in a research note on Thursday, July 11th. BMO Capital Markets decreased their price target on Aecon Group from C$17.50 to C$16.50 in a research note on Wednesday, July 24th. Finally, TD Securities decreased their price target on Aecon Group from C$17.00 to C$16.00 and set a hold rating for the company in a research note on Friday, July 26th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of C$21.16.

Aecon Group Trading Up 1.8 %

TSE ARE opened at C$21.89 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.35 and a debt-to-equity ratio of 32.86. Aecon Group has a twelve month low of C$8.42 and a twelve month high of C$22.06. The firm has a market capitalization of C$1.37 billion, a PE ratio of -81.07, a P/E/G ratio of 18.18 and a beta of 1.13. The stock’s 50 day moving average is C$18.38 and its 200 day moving average is C$17.11.

Aecon Group (TSE:ARE) last announced its quarterly earnings data on Wednesday, July 24th. The company reported C($1.99) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($2.53) by C$0.54. The business had revenue of C$853.80 million during the quarter, compared to analysts’ expectations of C$1.01 billion. Aecon Group had a return on equity of 1.40% and a net margin of 0.32%. Research analysts forecast that Aecon Group will post 1.3793321 earnings per share for the current fiscal year.

Aecon Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.76 annualized dividend and a yield of 3.47%. Aecon Group’s dividend payout ratio (DPR) is currently -281.48%.

Insider Buying and Selling at Aecon Group

In related news, Director Scott Stewart bought 10,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were acquired at an average price of C$16.54 per share, with a total value of C$165,380.00. In other news, Senior Officer Timothy John Murphy bought 4,244 shares of Aecon Group stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average price of C$17.66 per share, for a total transaction of C$74,969.84. Also, Director Scott Stewart acquired 10,000 shares of Aecon Group stock in a transaction on Monday, July 29th. The shares were bought at an average price of C$16.54 per share, with a total value of C$165,380.00. In the last 90 days, insiders have purchased 16,549 shares of company stock valued at $274,762. 0.82% of the stock is currently owned by corporate 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.