Aecon Group Inc. (TSE:ARE) Given Average Rating of “Hold” by Analysts

Shares of Aecon Group Inc. (TSE:ARE) have been given an average rating of “Hold” by the eleven ratings firms that are covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$53.33.

Several research analysts have recently issued reports on ARE shares. ATB Cormark Capital Markets upped their price objective on Aecon Group from C$42.00 to C$49.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. TD Securities raised their target price on Aecon Group from C$47.00 to C$49.00 and gave the stock a “buy” rating in a research report on Monday, March 30th. TD decreased their target price on Aecon Group from C$62.00 to C$61.00 and set a “buy” rating for the company in a research note on Friday. BMO Capital Markets increased their price target on shares of Aecon Group from C$45.00 to C$49.00 and gave the company a “market perform” rating in a research note on Wednesday, April 29th. Finally, Raymond James Financial reduced their price objective on shares of Aecon Group from C$54.00 to C$52.00 and set a “market perform” rating for the company in a research report on Friday.

Aecon Group Stock Up 0.7%

Aecon Group stock opened at C$44.06 on Monday. The firm has a market capitalization of C$3.02 billion, a P/E ratio of 80.11, a P/E/G ratio of 18.18 and a beta of 1.36. The company has a current ratio of 1.16, a quick ratio of 1.27 and a debt-to-equity ratio of 42.80. Aecon Group has a twelve month low of C$17.06 and a twelve month high of C$57.72. The stock’s fifty day simple moving average is C$46.96 and its 200-day simple moving average is C$40.37.

Aecon Group (TSE:ARE) last released its earnings results on Tuesday, April 28th. The company reported C($0.21) EPS for the quarter. Aecon Group had a return on equity of 3.71% and a net margin of 0.62%.The company had revenue of C$1.26 billion for the quarter. As a group, equities analysts expect that Aecon Group will post 1.3793321 earnings per share for the current fiscal year.

Aecon Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 3rd. Stockholders of record on Friday, July 3rd will be issued a $0.1925 dividend. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.7%. Aecon Group’s payout ratio is presently 138.64%.

Insider Activity at Aecon Group

In other Aecon Group news, insider Timothy John Murphy sold 2,930 shares of the stock in a transaction on Monday, May 11th. The stock was sold at an average price of C$52.31, for a total value of C$153,268.30. Following the completion of the transaction, the insider owned 4,801 shares in the company, valued at approximately C$251,140.31. This represents a 37.90% decrease in their ownership of the stock. Also, Director John Michael Beck sold 20,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of C$49.77, for a total value of C$995,400.00. Following the sale, the director owned 201,417 shares in the company, valued at approximately C$10,024,524.09. The trade was a 9.03% decrease in their ownership of the stock. Insiders sold a total of 23,451 shares of company stock worth $1,177,370 over the last 90 days. Company insiders own 0.82% of the company’s stock.

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.