Aecon Group (TSE:ARE) Price Target Raised to C$17.00

Aecon Group (TSE:ARE) had its price objective upped by Raymond James from C$16.00 to C$17.00 in a report issued on Friday, BayStreet.CA reports. They currently have a market perform rating on the stock. Raymond James also issued estimates for Aecon Group’s Q4 2024 earnings at $0.64 EPS, Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.64 EPS and Q4 2025 earnings at $0.73 EPS.

A number of other research firms have also recently issued reports on ARE. Canaccord Genuity Group boosted their price objective on shares of 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. ATB Capital boosted their price objective on shares of 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 boosted their price objective on shares of Aecon Group from C$22.00 to C$23.00 and gave the company an outperform rating in a research report on Friday. BMO Capital Markets boosted their price objective on shares of Aecon Group from C$17.50 to C$18.50 in a research report on Friday. Finally, TD Securities boosted their price objective on shares of Aecon Group from C$14.00 to C$18.50 and gave the company a hold rating in a research report on Friday, March 8th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Aecon Group currently has an average rating of Moderate Buy and an average target price of C$19.17.

Aecon Group Stock Performance

Aecon Group stock opened at C$17.05 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.42 and a debt-to-equity ratio of 39.29. The company has a market capitalization of C$1.06 billion, a PE ratio of 8.12, a P/E/G ratio of 18.18 and a beta of 1.16. The firm has a fifty day simple moving average of C$16.15 and a two-hundred day simple moving average of C$13.61. Aecon Group has a twelve month low of C$8.42 and a twelve month high of C$17.40.

Aecon Group (TSE:ARE) last posted its quarterly earnings results on Wednesday, April 24th. The company reported C($0.10) earnings per share for the quarter, topping the consensus estimate of C($0.14) by C$0.04. The business had revenue of C$846.59 million during the quarter, compared to the consensus estimate of C$1.03 billion. Aecon Group had a net margin of 3.49% and a return on equity of 16.04%. Research analysts expect that Aecon Group will post 0.7603047 EPS for the current year.

Aecon Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, March 22nd were given a dividend of $0.19 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.76 annualized dividend and a dividend yield of 4.46%. This is a boost from Aecon Group’s previous quarterly dividend of $0.19. Aecon Group’s payout ratio is currently 36.19%.

Insider Activity at Aecon Group

In other Aecon Group news, Senior Officer Martina Doyle sold 2,265 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total value of C$37,191.30. In other Aecon Group news, Senior Officer Martina Doyle sold 2,265 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total value of C$37,191.30. Also, Senior Officer Adam Robert Borgatti acquired 4,231 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was acquired at an average price of C$13.07 per share, for a total transaction of C$55,299.17. 1.72% of the stock is owned by corporate 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.