Aecon Group Inc to Post FY2017 Earnings of $0.60 Per Share, National Bank Financial Forecasts (ARE)
Aecon Group Inc (TSE:ARE) – Analysts at National Bank Financial decreased their FY2017 earnings per share (EPS) estimates for Aecon Group in a research report issued on Sunday. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings per share of $0.60 for the year, down from their prior estimate of $0.69. National Bank Financial currently has a “Sector Perform” rating and a $23.00 target price on the stock. National Bank Financial also issued estimates for Aecon Group’s FY2018 earnings at $1.18 EPS.
Several other equities research analysts have also recently issued reports on the stock. Scotiabank raised 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 report on Monday, August 28th. Raymond James Financial, Inc. dropped their target price on shares of Aecon Group from C$21.00 to C$19.00 and set an “outperform” rating on the stock in a report on Monday, October 16th. TD Securities raised 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 report on Monday, July 31st. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a C$18.00 target price on shares of Aecon Group in a report on Monday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of C$19.88.
Shares of Aecon Group (TSE ARE) opened at 16.61 on Wednesday. The company has a 50 day moving average of $17.21 and a 200-day moving average of $16.05. Aecon Group has a 12-month low of $13.07 and a 12-month high of $18.17. The company has a market cap of $975.65 million and a PE ratio of 24.90.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 22nd were given a $0.125 dividend. The ex-dividend date was Thursday, September 21st. This represents a $0.50 annualized dividend and a yield of 3.01%.
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.
Receive News & Ratings for Aecon Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aecon Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.