Paradigm Capital Raises Aecon Group (TSE:ARE) Price Target to C$17.80

Aecon Group (TSE:ARE) had its target price hoisted by Paradigm Capital from C$14.00 to C$17.80 in a research note released on Friday, BayStreet.CA reports. The firm currently has a hold rating on the stock.

ARE has been the subject of several other reports. TD Securities increased their target price on Aecon Group from C$14.00 to C$18.50 and gave the company a hold rating in a research note on Friday, March 8th. National Bankshares raised their price objective on Aecon Group from C$15.00 to C$18.00 and gave the stock a sector perform rating in a research note on Friday. Royal Bank of Canada raised their price objective on Aecon Group from C$10.00 to C$13.00 and gave the stock a sector perform rating in a research note on Thursday, March 7th. Raymond James raised their price objective on Aecon Group from C$16.00 to C$17.00 and gave the stock a market perform rating in a research note on Friday. Finally, Stifel Nicolaus raised their price objective on Aecon Group from C$17.00 to C$18.25 in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of C$19.17.

Aecon Group Stock Down 0.4 %

TSE ARE opened at C$17.05 on Friday. The stock has a market cap 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. Aecon Group has a fifty-two week low of C$8.42 and a fifty-two week high of C$17.40. The business has a 50 day moving average price of C$16.15 and a two-hundred day moving average price of C$13.61. 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 released its earnings results on Wednesday, April 24th. The company reported C($0.10) EPS for the quarter, beating the consensus estimate of C($0.14) by C$0.04. The company had revenue of C$846.59 million during the quarter, compared to analysts’ expectations of C$1.03 billion. Aecon Group had a return on equity of 16.04% and a net margin of 3.49%. 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 business also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Shareholders of record on Friday, March 22nd were given a $0.19 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This is a positive change from Aecon Group’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a yield of 4.46%. Aecon Group’s dividend payout ratio (DPR) is currently 36.19%.

Insiders Place Their Bets

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 value of C$37,191.30. In other Aecon Group news, Director Stuart Lee purchased 7,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were bought at an average cost of C$16.33 per share, with a total value of C$114,310.00. Also, Senior Officer Martina Doyle sold 2,265 shares of the firm’s 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. 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.