Aecon Group Inc. (TSE:ARE) Stock Has Consensus Price Target of C$55.08 According to Brokerages

Aecon Group Inc. (TSE:ARE) has earned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$55.08.

A number of research analysts have commented on ARE shares. Stifel Nicolaus upgraded shares of Aecon Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$46.00 to C$54.00 in a research note on Friday, June 26th. Raymond James Financial upgraded shares of Aecon Group from a “hold” rating to a “moderate buy” rating and increased their target price for the stock from C$52.00 to C$60.00 in a research note on Friday, July 3rd. Desjardins lifted their target price on shares of Aecon Group from C$55.00 to C$61.00 and gave the company a “hold” rating in a report on Monday, July 6th. National Bank Financial boosted their target price on Aecon Group from C$59.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Monday, July 13th. Finally, Canaccord Genuity Group upped their price target on shares of Aecon Group from C$56.00 to C$57.00 and gave the stock a “buy” rating in a research note on Monday, June 29th.

Insider Buying and Selling

In other news, Director Scott Stewart acquired 4,455 shares of Aecon Group stock in a transaction that occurred on Friday, August 28th. The stock was purchased at an average cost of C$44.89 per share, with a total value of C$199,984.95. Following the completion of the acquisition, the director owned 24,484 shares in the company, valued at C$1,099,086.76. This trade represents a 22.24% increase in their position. Also, insider Steven Neil Nackan sold 4,500 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of C$45.55, for a total value of C$204,975.00. Following the sale, the insider owned 8,035 shares in the company, valued at approximately C$365,994.25. The trade was a 35.90% decrease in their ownership of the stock. In the last 90 days, insiders sold 7,500 shares of company stock worth $343,875. Insiders own 0.82% of the company’s stock.

Aecon Group Price Performance

Shares of TSE ARE opened at C$57.45 on Wednesday. The stock has a market cap of C$3.94 billion, a P/E ratio of -60.47, a P/E/G ratio of 18.18 and a beta of 1.16. Aecon Group has a twelve month low of C$23.93 and a twelve month high of C$59.96. The stock has a 50 day moving average of C$47.47 and a two-hundred day moving average of C$47.11. The company has a current ratio of 1.08, a quick ratio of 1.27 and a debt-to-equity ratio of 84.23.

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

Aecon Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, October 2nd were given a dividend of $0.1925 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 22nd. Aecon Group’s dividend payout ratio (DPR) is presently -80.53%.

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.