Aecon Group (TSE:ARE) PT Raised to C$17.00 at Raymond James

Aecon Group (TSE:ARE) had its price objective lifted by Raymond James from C$16.00 to C$17.00 in a research note published on Friday morning, BayStreet.CA reports. Raymond James currently has a market perform rating on the stock. Raymond James also issued estimates for Aecon Group’s Q4 2024 earnings at $0.64 EPS, Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.64 EPS and Q4 2025 earnings at $0.73 EPS.

Other equities analysts have also recently issued research reports about the stock. Desjardins upped their price target on shares of Aecon Group from C$16.00 to C$20.00 and gave the stock a buy rating in a research note on Thursday, March 7th. ATB Capital upped their price target on shares of Aecon Group from C$15.25 to C$19.50 and gave the stock an outperform rating in a research note on Thursday, March 7th. CIBC upped their price target on shares of Aecon Group from C$22.00 to C$23.00 and gave the stock an outperform rating in a research note on Friday. Canaccord Genuity Group upped their price target on shares of Aecon Group from C$14.00 to C$26.00 and gave the stock a buy rating in a research note on Thursday, March 7th. Finally, Stifel Nicolaus upped their price target on shares of Aecon Group from C$17.00 to C$18.25 in a research note on Friday. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average target price of C$19.17.

Aecon Group Stock Performance

Shares of Aecon Group stock opened at C$17.05 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.27 and a debt-to-equity ratio of 39.29. The firm has a market capitalization of C$1.06 billion, a P/E ratio of 8.12, a P/E/G ratio of 18.18 and a beta of 1.16. The business has a fifty day simple moving average of C$16.15 and a two-hundred day simple moving average of C$13.58. Aecon Group has a 12 month low of C$8.42 and a 12 month high of C$17.40.

Aecon Group (TSE:ARE) last announced 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. The business had revenue of C$846.59 million during the quarter, compared to analyst estimates of C$1.03 billion. Aecon Group had a return on equity of 16.04% and a net margin of 3.49%. On average, equities analysts forecast that Aecon Group will post 0.7603047 earnings per share for the current fiscal year.

Aecon Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 22nd were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.76 annualized dividend and a dividend yield of 4.46%. This is a positive change from Aecon Group’s previous quarterly dividend of $0.19. Aecon Group’s dividend payout ratio is presently 36.19%.

Insider Activity

In other Aecon Group news, Director Stuart Lee purchased 7,000 shares of Aecon Group stock in a transaction dated Friday, March 22nd. The stock was purchased at an average price of C$16.33 per share, with a total value of C$114,310.00. In other Aecon Group news, Director Stuart Lee purchased 7,000 shares of Aecon Group stock in a transaction dated Friday, March 22nd. The stock was purchased at an average price of C$16.33 per share, with a total value of C$114,310.00. Also, Senior Officer Martina Doyle sold 2,265 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total transaction of C$37,191.30. Insiders own 1.72% of the company’s stock.

About Aecon Group

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.