Aecon Group Inc. (TSE:ARE) Receives Average Recommendation of “Moderate Buy” from Analysts

Aecon Group Inc. (TSE:ARE) has been assigned an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$33.00.

A number of brokerages recently weighed in on ARE. Atb Cap Markets lowered shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. Stifel Nicolaus raised their target price on Aecon Group from C$24.00 to C$30.00 in a research report on Friday, October 31st. Cibc Captl Mkts lowered Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 31st. CIBC downgraded Aecon Group from an “outperform” rating to a “neutral” rating and increased their price objective for the company from C$29.00 to C$35.00 in a research note on Friday, October 31st. Finally, Raymond James Financial lowered Aecon Group from a “moderate buy” rating to a “hold” rating and raised their price objective for the company from C$26.00 to C$33.00 in a report on Friday, October 31st.

Aecon Group Price Performance

Shares of TSE ARE opened at C$27.80 on Thursday. The company has a debt-to-equity ratio of 32.84, a quick ratio of 1.27 and a current ratio of 1.19. The firm has a fifty day moving average of C$26.49 and a 200 day moving average of C$22.45. The firm has a market cap of C$1.76 billion, a PE ratio of 198.57, a PEG ratio of 18.18 and a beta of 1.51. Aecon Group has a one year low of C$15.21 and a one year high of C$35.10.

Aecon Group (TSE:ARE) last announced its earnings results on Wednesday, October 29th. The company reported C$0.53 earnings per share (EPS) for the quarter. The business had revenue of C$1.53 billion for the quarter. Aecon Group had a negative net margin of 1.56% and a negative return on equity of 6.40%. As a group, research analysts predict that Aecon Group will post 1.3793321 EPS for the current fiscal year.

Aecon Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, October 2nd were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, September 22nd. Aecon Group’s dividend payout ratio (DPR) is currently 542.86%.

Aecon Group Company Profile

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects.