National Bankshares Boosts Aecon Group (TSE:ARE) Price Target to C$18.00

Aecon Group (TSE:ARE) had its price target hoisted by National Bankshares from C$15.00 to C$18.00 in a research report released on Friday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other research analysts have also recently weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Aecon Group from C$17.00 to C$18.25 in a research report on Friday. Canaccord Genuity Group boosted their price objective on shares of Aecon Group from C$14.00 to C$26.00 and gave the stock a buy rating in a research report on Thursday, March 7th. Desjardins upped their target price on shares of Aecon Group from C$16.00 to C$20.00 and gave the company a buy rating in a research report on Thursday, March 7th. Raymond James upped their target price on shares of Aecon Group from C$14.00 to C$16.00 and gave the company a market perform rating in a research report on Thursday, March 7th. Finally, CIBC upped their target price on shares of Aecon Group from C$21.00 to C$22.00 and gave the company an outperform rating in a research report on Thursday, April 18th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of C$19.17.

Aecon Group Stock Down 0.4 %

Shares of ARE opened at C$17.05 on Friday. The company has a market capitalization of C$1.06 billion, a P/E ratio of 8.12, a PEG ratio of 18.18 and a beta of 1.16. The company has a debt-to-equity ratio of 39.29, a current ratio of 1.42 and a quick ratio of 1.27. Aecon Group has a one year low of C$8.42 and a one year high of C$17.40. The business’s 50 day simple moving average is C$16.15 and its 200-day simple moving average is C$13.61.

Aecon Group (TSE:ARE) last posted its quarterly earnings data 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. Aecon Group had a net margin of 3.49% and a return on equity of 16.04%. The firm had revenue of C$846.59 million during the quarter, compared to analysts’ expectations of C$1.03 billion. As a group, sell-side analysts predict that Aecon Group will post 0.7603047 EPS for the current fiscal year.

Aecon Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, March 22nd were given a $0.19 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.46%. This is a boost 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 other news, Director Stuart Lee acquired 7,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was acquired at an average price of C$16.33 per share, for a total transaction of C$114,310.00. In related news, Senior Officer Adam Robert Borgatti bought 4,231 shares of Aecon Group stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of C$13.07 per share, with a total value of C$55,299.17. Also, Director Stuart Lee bought 7,000 shares of Aecon Group stock in a transaction that occurred on Friday, March 22nd. The stock was bought at an average cost of C$16.33 per share, with a total value of C$114,310.00. 1.72% of the stock is owned by corporate insiders.

Aecon Group Company Profile

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.