Aecon Group (TSE:ARE) Stock Crosses Above Two Hundred Day Moving Average of $14.43

Aecon Group Inc. (TSE:ARE) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$14.43 and traded as high as C$16.96. Aecon Group shares last traded at C$16.82, with a volume of 113,493 shares traded.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Canaccord Genuity Group upped their price target on shares of Aecon Group from C$14.00 to C$26.00 and gave the stock a “buy” rating in a research report on Thursday, March 7th. TD Securities upped their price target on shares of 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. Raymond James increased their price target on shares of Aecon Group from C$16.00 to C$17.00 and gave the company a “market perform” rating in a report on Friday, April 26th. ATB Capital increased their price target on shares of Aecon Group from C$19.50 to C$21.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Stifel Nicolaus increased their price target on shares of Aecon Group from C$17.00 to C$18.25 in a report on Friday, April 26th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$19.17.

Aecon Group Price Performance

The company’s fifty day moving average price is C$16.86 and its 200 day moving average price is C$14.43. The company has a market capitalization of C$1.05 billion, a P/E ratio of 7.82, a PEG ratio of 18.18 and a beta of 1.19. The company has a quick ratio of 1.27, a current ratio of 1.50 and a debt-to-equity ratio of 28.71.

Aecon Group (TSE:ARE) last announced its earnings results on Wednesday, April 24th. The company reported C($0.10) EPS for the quarter, topping the consensus estimate of C($0.14) by C$0.04. Aecon Group had a net margin of 3.77% and a return on equity of 16.62%. The company had revenue of C$846.59 million for the quarter, compared to analysts’ expectations of C$1.03 billion. As a group, sell-side analysts forecast that Aecon Group Inc. will post 0.9104803 EPS for the current year.

Aecon Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 22nd were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, March 21st. This is a boost from Aecon Group’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a dividend yield of 4.52%. Aecon Group’s dividend payout ratio (DPR) is currently 35.35%.

Insider Buying and Selling

In other news, Director Stuart Lee purchased 7,000 shares of Aecon Group stock in a transaction that occurred on Friday, March 22nd. The shares were acquired at an average price of C$16.33 per share, for a total transaction of C$114,310.00. In related news, Senior Officer Adam Robert Borgatti bought 4,231 shares of the business’s stock in a transaction 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. Also, Director Stuart Lee bought 7,000 shares of the business’s stock in a transaction on Friday, March 22nd. The stock was bought at an average price of C$16.33 per share, for a total transaction of C$114,310.00. 0.77% of the stock is currently owned by company 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.