Aecon Group Inc. (TSE:ARE) Receives C$39.38 Consensus PT from Analysts

Aecon Group Inc. (TSE:ARE) has been given a consensus recommendation of “Hold” by the nine brokerages that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$39.38.

A number of equities research analysts have recently issued reports on the company. Stifel Nicolaus dropped their price objective on Aecon Group from C$34.25 to C$28.75 and set a “hold” rating on the stock in a research note on Monday, March 9th. National Bank Financial raised their target price on shares of Aecon Group from C$35.00 to C$45.00 and gave the company an “outperform” rating in a research note on Monday, March 9th. Raymond James Financial boosted their target price on shares of Aecon Group from C$33.00 to C$41.00 and gave the stock a “market perform” rating in a report on Tuesday, March 10th. TD Securities upped their price target on shares of Aecon Group from C$39.00 to C$47.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Finally, Royal Bank Of Canada increased their price target on shares of Aecon Group from C$30.00 to C$41.00 and gave the company a “sector perform” rating in a research note on Tuesday, March 10th.

Aecon Group Price Performance

TSE:ARE opened at C$41.26 on Friday. Aecon Group has a 52-week low of C$15.21 and a 52-week high of C$42.40. The company has a market cap of C$2.61 billion, a P/E ratio of 294.71, a P/E/G ratio of 18.18 and a beta of 1.10. The company has a debt-to-equity ratio of 65.17, a quick ratio of 1.27 and a current ratio of 1.10. The stock’s 50-day simple moving average is C$36.25 and its 200 day simple moving average is C$30.12.

Aecon Group (TSE:ARE) last issued its quarterly earnings results on Thursday, March 5th. The company reported C$0.52 EPS for the quarter. The firm had revenue of C$1.54 billion during the quarter. Aecon Group had a return on equity of 1.66% and a net margin of 0.28%. As a group, sell-side analysts forecast that Aecon Group will post 1.3793321 EPS for the current fiscal year.

Aecon Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd will be paid a $0.1925 dividend. This represents a $0.77 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, March 23rd. Aecon Group’s dividend payout ratio (DPR) is 542.86%.

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.