Aecon Group Inc. (TSE:ARE) Stock Has Consensus Price Target of C$55.17 According to Brokerages

Shares of Aecon Group Inc. (TSE:ARE) have been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$55.58.

Several equities research analysts have recently commented on the company. Raymond James Financial increased their price objective on Aecon Group from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Friday. Desjardins boosted their target price on shares of Aecon Group from C$55.00 to C$61.00 and gave the stock a “hold” rating in a report on Monday, July 6th. Finally, National Bank Financial upped their price target on shares of Aecon Group from C$64.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Thursday, October 15th.

Aecon Group Stock Performance

Shares of TSE ARE opened at C$49.23 on Friday. The stock has a 50 day moving average price of C$49.31 and a 200 day moving average price of C$45.25. Aecon Group has a 52 week low of C$25.05 and a 52 week high of C$59.96. The company has a debt-to-equity ratio of 56.97, a quick ratio of 1.27 and a current ratio of 1.10. The stock has a market capitalization of C$3.38 billion, a PE ratio of -63.94, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16.

Aecon Group (TSE:ARE) last posted its quarterly earnings results on Thursday, October 29th. The company reported C$0.86 earnings per share for the quarter. The firm had revenue of C$1.92 billion during the quarter. Aecon Group had a negative return on equity of 5.32% and a negative net margin of 0.83%. Analysts predict that Aecon Group will post 1.38 earnings per share for the current fiscal year.

Aecon Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, October 2nd were given a $0.1925 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 22nd. Aecon Group’s dividend payout ratio (DPR) is -99.68%.

Insider Activity

In other news, Director Scott Stewart bought 4,455 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was acquired at an average cost of C$44.89 per share, for a total transaction of C$199,984.95. Following the purchase, the director owned 24,484 shares of the company’s stock, valued at approximately C$1,099,086.76. This trade represents a 22.24% increase in their position. Also, insider Steven Neil Nackan sold 4,500 shares of Aecon Group stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of C$45.55, for a total value of C$204,975.00. Following the transaction, the insider owned 8,035 shares of the company’s stock, valued at C$365,994.25. The trade was a 35.90% decrease in their position. Insiders have sold a total of 7,500 shares of company stock worth $343,875 over the last 90 days. 0.82% of the stock is owned by company insiders.

Aecon Group Company Profile

Aecon Group Inc (TSX: ARE) is a North American construction and infrastructure development company with global experience. Aecon delivers integrated solutions to private and public-sector clients through its Construction segment in the Civil, Urban Transportation, Nuclear, Utility and Industrial sectors, and provides project development, financing, investment, management, and operations and maintenance services through its Concessions segment.