Aecon Group Inc. (TSE:ARE) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Aecon Group Inc. (TSE:ARE) have been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$55.08.

A number of research analysts have issued reports on ARE shares. Desjardins lifted their price objective on Aecon Group from C$55.00 to C$61.00 and gave the company a “hold” rating in a report on Monday, July 6th. TD lowered their target price on shares of Aecon Group from C$62.00 to C$61.00 and set a “buy” rating on the stock in a report on Friday, June 26th. Canaccord Genuity Group increased their target price on shares of Aecon Group from C$56.00 to C$57.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Raymond James Financial raised shares of Aecon Group from a “hold” rating to a “moderate buy” rating and lifted their price target for the company from C$52.00 to C$60.00 in a report on Friday, July 3rd. Finally, Jefferies Financial Group boosted their price target on shares of Aecon Group from C$49.00 to C$59.00 in a research report on Monday, April 27th.

Insider Activity

In other news, insider Steven Neil Nackan sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of C$47.72, for a total value of C$47,720.00. Following the transaction, the insider directly owned 14,535 shares of the company’s stock, valued at C$693,610.20. The trade was a 6.44% decrease in their position. Company insiders own 0.82% of the company’s stock.

Aecon Group Stock Up 1.8%

ARE opened at C$47.30 on Tuesday. Aecon Group has a fifty-two week low of C$19.81 and a fifty-two week high of C$57.72. The company has a debt-to-equity ratio of 84.23, a current ratio of 1.08 and a quick ratio of 1.27. The firm’s fifty day moving average price is C$47.26 and its two-hundred day moving average price is C$44.57. The company has a market capitalization of C$3.24 billion, a P/E ratio of -49.79, a P/E/G ratio of 18.18 and a beta of 1.41.

Aecon Group (TSE:ARE) last posted its earnings results on Thursday, July 30th. The company reported C$0.33 EPS for the quarter. Aecon Group had a negative return on equity of 6.76% and a negative net margin of 1.10%.The business had revenue of C$1.63 billion during the quarter. On average, analysts anticipate that Aecon Group will post 1.3793321 EPS for the current year.

Aecon Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd were issued a dividend of $0.1925 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.77 annualized dividend and a dividend yield of 1.6%. Aecon Group’s dividend payout ratio (DPR) is presently -80.53%.

About Aecon Group

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.