Aecon Group Inc (ARE) Given Average Rating of “Hold” by Analysts

Shares of Aecon Group Inc (TSE:ARE) have received an average rating of “Hold” from the nine ratings firms that are currently covering the firm, reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$20.21.

ARE has been the subject of a number of research analyst reports. Raymond James Financial lowered their price target on Aecon Group from C$21.00 to C$19.00 and set an “outperform” rating for the company in a report on Monday, October 16th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a C$18.00 target price on shares of Aecon Group in a report on Monday, October 23rd. National Bank Financial cut Aecon Group from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from C$20.00 to C$23.00 in a report on Monday, October 23rd. Industrial Alliance Securities cut Aecon Group from a “strong-buy” rating to a “tender” rating and lowered their target price for the stock from C$20.50 to C$20.37 in a report on Friday, October 27th. Finally, Desjardins upped their target price on Aecon Group from C$19.00 to C$20.37 in a report on Friday, October 27th.

Aecon Group (TSE ARE) traded up C$0.06 during trading on Friday, hitting C$19.98. The stock had a trading volume of 572,661 shares, compared to its average volume of 307,211. Aecon Group has a 12 month low of C$14.13 and a 12 month high of C$20.06. The firm has a market cap of $1,180.00, a PE ratio of 39.96 and a beta of 0.61.

Aecon Group (TSE:ARE) last posted its quarterly earnings results on Thursday, October 26th. The company reported C$0.37 EPS for the quarter, missing analysts’ consensus estimates of C$0.41 by C($0.04). Aecon Group had a return on equity of 13.31% and a net margin of 3.24%.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Tuesday, January 2nd were issued a $0.125 dividend. The ex-dividend date was Thursday, December 21st. This represents a $0.50 dividend on an annualized basis and a yield of 2.50%. Aecon Group’s payout ratio is presently 98.00%.

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Aecon Group Company Profile

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.

Analyst Recommendations for Aecon Group (TSE:ARE)

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