Stifel Nicolaus Raises Aecon Group (TSE:ARE) Price Target to C$18.25

Aecon Group (TSE:ARE) had its price objective increased by Stifel Nicolaus from C$17.00 to C$18.25 in a report released on Friday morning, BayStreet.CA reports.

A number of other research firms have also issued reports on ARE. ATB Capital lifted their target price on Aecon Group from C$15.25 to C$19.50 and gave the company an outperform rating in a report on Thursday, March 7th. Canaccord Genuity Group lifted their price target on Aecon Group from C$14.00 to C$26.00 and gave the stock a buy rating in a report on Thursday, March 7th. TD Securities lifted their price target on Aecon Group from C$14.00 to C$18.50 and gave the stock a hold rating in a report on Friday, March 8th. CIBC lifted their price target on Aecon Group from C$21.00 to C$22.00 and gave the stock an outperform rating in a report on Thursday, April 18th. Finally, Raymond James lifted their price target on Aecon Group from C$14.00 to C$16.00 and gave the stock a market perform rating in a report on Thursday, March 7th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of C$19.17.

Aecon Group Trading Down 0.4 %

Shares of TSE ARE opened at C$17.05 on Friday. Aecon Group has a twelve month low of C$8.42 and a twelve month high of C$17.40. The company has a current ratio of 1.42, a quick ratio of 1.27 and a debt-to-equity ratio of 39.29. The stock has a fifty day simple moving average of C$16.15 and a 200-day simple moving average of C$13.61. The stock has a market capitalization of C$1.06 billion, a PE ratio of 8.12, a PEG ratio of 18.18 and a beta of 1.16.

Aecon Group (TSE:ARE) last released its earnings results on Wednesday, April 24th. The company reported C($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C($0.14) by C$0.04. The firm had revenue of C$846.59 million during the quarter, compared to analyst estimates of C$1.03 billion. Aecon Group had a return on equity of 16.04% and a net margin of 3.49%. On average, equities analysts forecast 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. This is an increase from Aecon Group’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a dividend yield of 4.46%. The ex-dividend date was Thursday, March 21st. Aecon Group’s payout ratio is presently 36.19%.

Insider Activity

In related news, Senior Officer Adam Robert Borgatti purchased 4,231 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were purchased at an average price of C$13.07 per share, for a total transaction of C$55,299.17. In related news, Senior Officer Martina Doyle sold 2,265 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total value of C$37,191.30. Also, Senior Officer Adam Robert Borgatti purchased 4,231 shares of the company’s 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. Company insiders own 1.72% of the company’s stock.

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.