Aecon Group Inc. (TSE:ARE) Receives C$18.09 Average PT from Brokerages

Shares of Aecon Group Inc. (TSE:ARE) have received an average rating of “Moderate Buy” from the eleven analysts that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$18.09.

A number of equities research analysts have issued reports on the company. ATB Capital upped their price objective on Aecon Group from C$15.25 to C$19.50 and gave the company an “outperform” rating in a research report on Thursday, March 7th. CIBC upped their price objective on Aecon Group from C$18.00 to C$21.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Royal Bank of Canada upped their price objective on Aecon Group from C$10.00 to C$13.00 and gave the company a “sector perform” rating in a research report on Thursday, March 7th. Stifel Nicolaus upped their price objective on Aecon Group from C$13.00 to C$16.50 and gave the company a “hold” rating in a research report on Thursday, March 7th. Finally, Canaccord Genuity Group upped their price objective on Aecon Group from C$14.00 to C$26.00 and gave the company a “buy” rating in a research report on Thursday, March 7th.

Aecon Group Price Performance

Shares of Aecon Group stock opened at C$16.61 on Friday. The stock’s 50-day simple moving average is C$15.76 and its 200-day simple moving average is C$13.31. Aecon Group has a 52 week low of C$8.42 and a 52 week high of C$17.40. The company has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 18.18 and a beta of 1.16. The company has a quick ratio of 1.27, a current ratio of 1.42 and a debt-to-equity ratio of 39.29.

Aecon Group (TSE:ARE) last posted its earnings results on Tuesday, March 5th. The company reported C$0.15 EPS for the quarter, missing analysts’ consensus estimates of C$0.17 by C($0.02). The firm had revenue of C$1.13 billion during the quarter, compared to analysts’ expectations of C$1.22 billion. Aecon Group had a return on equity of 16.04% and a net margin of 3.49%. As a group, analysts expect that Aecon Group will post 0.7603047 earnings per share for the current fiscal year.

Aecon Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 22nd were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend was Thursday, March 21st. This is a boost from Aecon Group’s previous quarterly dividend of $0.19. Aecon Group’s dividend payout ratio (DPR) is 36.19%.

Insider Buying and Selling at Aecon Group

In other Aecon Group news, Senior Officer Martina Doyle sold 2,265 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total transaction of C$37,191.30. In other Aecon Group news, Director Stuart Lee acquired 7,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was purchased at an average price of C$16.33 per share, for a total transaction of C$114,310.00. Also, Senior Officer Martina Doyle sold 2,265 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total value of C$37,191.30. Insiders own 1.72% of the company’s stock.

About Aecon Group

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.