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

Shares of Aecon Group Inc. (TSE:ARE) have been given a consensus rating of “Moderate Buy” by the eleven research firms that are covering the firm, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$55.08.

Several equities research analysts have commented on ARE shares. National Bank Financial boosted their price target on shares of 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. Canaccord Genuity Group increased their price objective 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. Stifel Nicolaus upgraded Aecon Group from a “hold” rating to a “buy” rating and raised their price objective for the company from C$46.00 to C$54.00 in a report on Friday, June 26th. Raymond James Financial raised Aecon Group from a “hold” rating to a “moderate buy” rating and lifted their target price for the company from C$52.00 to C$60.00 in a research report on Friday, July 3rd. Finally, TD dropped their target price on Aecon Group from C$62.00 to C$61.00 and set a “buy” rating on the stock in a report on Friday, June 26th.

Aecon Group Trading Up 4.1%

TSE:ARE opened at C$59.17 on Wednesday. The company has a market cap of C$4.05 billion, a P/E ratio of -62.28, a price-to-earnings-growth ratio of 18.18 and a beta of 1.39. Aecon Group has a twelve month low of C$23.93 and a twelve month high of C$59.96. The business has a 50 day moving average price of C$47.15 and a two-hundred day moving average price of C$46.86. The company has a quick ratio of 1.27, a current ratio of 1.08 and a debt-to-equity ratio of 84.23.

Aecon Group (TSE:ARE) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.33 earnings per share (EPS) for the quarter. The company had revenue of C$1.63 billion for the quarter. Aecon Group had a negative net margin of 1.10% and a negative return on equity of 6.76%. As a group, analysts expect that Aecon Group will post 1.3793321 EPS for the current fiscal year.

Aecon Group Dividend Announcement

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

Insider Activity at Aecon Group

In other news, Director Scott Stewart purchased 4,455 shares of the business’s stock in a transaction on Friday, August 28th. The stock was purchased at an average price of C$44.89 per share, for a total transaction of C$199,984.95. Following the completion of the purchase, the director directly owned 24,484 shares in the company, valued at C$1,099,086.76. The trade was a 22.24% increase in their position. Also, insider Steven Neil Nackan sold 4,500 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of C$45.55, for a total transaction of C$204,975.00. Following the completion of the sale, the insider owned 8,035 shares of the company’s stock, valued at approximately C$365,994.25. This represents a 35.90% decrease in their position. In the last three months, insiders sold 7,500 shares of company stock valued at $343,875. 0.82% of the stock is currently owned by insiders.

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.