Aecon Group Inc (ARE) Expected to Earn Q3 2017 Earnings of $0.39 Per Share
Aecon Group Inc (TSE:ARE) – Research analysts at National Bank Financial cut their Q3 2017 earnings per share estimates for shares of Aecon Group in a research report issued to clients and investors on Sunday. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $0.39 per share for the quarter, down from their previous forecast of $0.41. National Bank Financial has a “Sector Perform” rating and a $23.00 price target on the stock.
Several other brokerages have also weighed in on ARE. TD Securities increased their target price on shares of Aecon Group from C$19.50 to C$20.00 and gave the stock a “buy” rating in a research note on Monday, July 31st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a C$18.00 target price on shares of Aecon Group in a research note on Monday. Scotiabank increased their target price on shares of Aecon Group from C$19.00 to C$21.00 and gave the stock an “outperform” rating in a research note on Monday, August 28th. Finally, Raymond James Financial, Inc. lowered their target price on shares of Aecon Group from C$21.00 to C$19.00 and set an “outperform” rating for the company in a research note on Monday, October 16th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of C$19.88.
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Shares of Aecon Group (ARE) opened at 16.26 on Tuesday. The stock has a market capitalization of $955.10 million and a PE ratio of 24.38. Aecon Group has a 52-week low of $13.07 and a 52-week high of $18.17. The firm has a 50-day moving average of $17.23 and a 200 day moving average of $16.06.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 22nd were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Thursday, September 21st.
About Aecon Group
Aecon Group Inc is a Canada-based construction and infrastructure development company. It operates through four segments: Infrastructure, Energy, Mining and Concessions. The Infrastructure segment includes all aspects of the construction of both public and private infrastructure in Canada, and on a selected basis, internationally.
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