Aecon Group (TSE:ARE) Price Target Raised to C$18.00 at National Bankshares

Aecon Group (TSE:ARE) had its price target upped by National Bankshares from C$15.00 to C$18.00 in a research report report published on Friday, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

ARE has been the subject of a number of other reports. Canaccord Genuity Group raised their target price on shares of Aecon Group from C$14.00 to C$26.00 and gave the company a buy rating in a report on Thursday, March 7th. ATB Capital lifted their price objective 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. Stifel Nicolaus lifted their price objective on shares of Aecon Group from C$17.00 to C$18.25 in a research note on Friday. BMO Capital Markets lifted their price objective on shares of Aecon Group from C$17.50 to C$18.50 in a research note on Friday. Finally, Desjardins lifted their target price on Aecon Group from C$16.00 to C$20.00 and gave the stock a buy rating in a research report on Thursday, March 7th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of C$19.17.

Aecon Group Trading Down 0.4 %

Shares of ARE opened at C$16.98 on Friday. The company has a debt-to-equity ratio of 39.29, a current ratio of 1.42 and a quick ratio of 1.27. Aecon Group has a 1 year low of C$8.42 and a 1 year high of C$17.40. The company has a 50 day simple moving average of C$16.21 and a two-hundred day simple moving average of C$13.66. The firm has a market cap of C$1.06 billion, a P/E ratio of 8.09, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16.

Aecon Group (TSE:ARE) last announced its quarterly earnings data on Wednesday, April 24th. The company reported C($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.14) by C$0.04. Aecon Group had a net margin of 3.49% and a return on equity of 16.04%. The business had revenue of C$846.59 million during the quarter, compared to analyst estimates of C$1.03 billion. On average, equities analysts expect that Aecon Group will post 0.7603047 earnings per share for the current fiscal year.

Aecon Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 22nd were issued a $0.19 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This is an increase from Aecon Group’s previous quarterly dividend of $0.19. This represents a $0.76 dividend on an annualized basis and a yield of 4.48%. Aecon Group’s payout ratio is currently 36.19%.

Insiders Place Their Bets

In other Aecon Group news, Senior Officer Adam Robert Borgatti purchased 4,231 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were acquired at an average price of C$13.07 per share, for a total transaction of C$55,299.17. In other news, Senior Officer Adam Robert Borgatti bought 4,231 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average price of C$13.07 per share, for a total transaction of C$55,299.17. Also, Senior Officer Martina Doyle sold 2,265 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total value of C$37,191.30. 1.72% of the stock is currently owned by corporate insiders.

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.