Aecon Group (TSE:ARE – Free Report) had its target price hoisted by Royal Bank of Canada from C$13.00 to C$16.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.
ARE has been the topic of a number of other reports. Paradigm Capital upped their price objective on shares of Aecon Group from C$14.00 to C$17.80 and gave the company a hold rating in a research note on Friday. CIBC increased their target price on shares of Aecon Group from C$22.00 to C$23.00 and gave the stock an outperform rating in a research note on Friday. Stifel Nicolaus increased their target price on shares of Aecon Group from C$17.00 to C$18.25 in a research note on Friday. ATB Capital increased their target price on shares of Aecon Group from C$19.50 to C$21.00 and gave the stock an outperform rating in a research note on Friday. Finally, Desjardins increased their target price on shares of Aecon Group from C$16.00 to C$20.00 and gave the stock a buy rating in a research note on Thursday, March 7th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Aecon Group currently has an average rating of Moderate Buy and an average target price of C$19.17.
Aecon Group Trading Down 0.4 %
Aecon Group (TSE:ARE – Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported C($0.10) EPS for the quarter, beating analysts’ consensus estimates of C($0.14) by C$0.04. Aecon Group had a net margin of 3.49% and a return on equity of 16.04%. The company had revenue of C$846.59 million for the quarter, compared to analyst estimates of C$1.03 billion. As a group, research analysts predict that Aecon Group will post 0.7603047 earnings per share for the current year.
Aecon Group Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 22nd were issued a $0.19 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.76 annualized dividend and a dividend yield of 4.46%. This is an increase from Aecon Group’s previous quarterly dividend of $0.19. Aecon Group’s dividend payout ratio is currently 36.19%.
Insider Activity at Aecon Group
In related news, Senior Officer Adam Robert Borgatti purchased 4,231 shares of Aecon Group stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average price of C$13.07 per share, for a total transaction of C$55,299.17. In related news, Senior Officer Adam Robert Borgatti purchased 4,231 shares of Aecon Group stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average price of C$13.07 per share, for a total transaction of C$55,299.17. Also, Director Stuart Lee bought 7,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were acquired at an average price of C$16.33 per share, with a total value of C$114,310.00. 1.72% of the stock is owned by company insiders.
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.
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