Aecon Group (TSE:ARE) Price Target Raised to C$44.00

Aecon Group (TSE:ARE) had its price objective raised by Raymond James Financial from C$41.00 to C$44.00 in a research note released on Tuesday,BayStreet.CA reports. They currently have a market perform rating on the stock.

Other analysts have also issued reports about the stock. Canadian Imperial Bank of Commerce increased their price target on shares of Aecon Group from C$38.75 to C$44.00 and gave the stock a “hold” rating in a research report on Tuesday. Canaccord Genuity Group upped their price objective on shares of Aecon Group from C$40.00 to C$52.00 and gave the company a “buy” rating in a research note on Monday, March 9th. Desjardins raised their price objective on shares of Aecon Group from C$43.00 to C$45.00 and gave the company a “hold” rating in a research report on Monday. Stifel Nicolaus lowered their target price on shares of Aecon Group from C$34.25 to C$28.75 and set a “hold” rating on the stock in a research report on Monday, March 9th. Finally, BMO Capital Markets raised their target price on Aecon Group from C$40.00 to C$45.00 and gave the company an “outperform” rating in a report on Monday. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$43.58.

Aecon Group Stock Up 1.1%

TSE:ARE opened at C$42.65 on Tuesday. The business’s fifty day moving average price is C$38.70 and its 200 day moving average price is C$31.89. The firm has a market capitalization of C$2.92 billion, a price-to-earnings ratio of 185.43, a PEG ratio of 18.18 and a beta of 1.10. The company has a current ratio of 1.10, a quick ratio of 1.27 and a debt-to-equity ratio of 65.17. Aecon Group has a 1-year low of C$15.21 and a 1-year high of C$44.71.

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

Aecon Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd were paid a $0.1925 dividend. The ex-dividend date was Monday, March 23rd. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.8%. Aecon Group’s payout ratio is presently 330.43%.

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.