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

Aecon Group Inc. (TSE:ARE) has earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is C$55.08.

Several equities research analysts have weighed in on ARE shares. Jefferies Financial Group raised their target price on shares of Aecon Group from C$49.00 to C$59.00 in a research note on Monday, April 27th. Desjardins increased their price objective on Aecon Group from C$55.00 to C$61.00 and gave the company a “hold” rating in a report on Monday, July 6th. Canaccord Genuity Group raised their price objective on Aecon Group from C$56.00 to C$57.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Canadian Imperial Bank of Commerce boosted their target price on Aecon Group from C$45.00 to C$48.00 in a research note on Thursday, April 9th. Finally, Stifel Nicolaus raised Aecon Group from a “hold” rating to a “buy” rating and upped their target price for the company from C$46.00 to C$54.00 in a research report on Friday, June 26th.

Insider Activity at Aecon Group

In related news, insider Timothy John Murphy sold 2,930 shares of Aecon Group stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of C$52.31, for a total value of C$153,268.30. Following the completion of the sale, the insider directly owned 4,801 shares in the company, valued at C$251,140.31. This trade represents a 37.90% decrease in their position. Also, insider Ernest Chan sold 521 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of C$55.09, for a total transaction of C$28,701.89. Following the transaction, the insider owned 11,003 shares in the company, valued at C$606,155.27. The trade was a 4.52% decrease in their position. Insiders sold 23,451 shares of company stock valued at $1,177,370 in the last three months. 0.82% of the stock is owned by insiders.

Aecon Group Stock Performance

Shares of TSE:ARE opened at C$52.51 on Friday. The company has a market capitalization of C$3.60 billion, a price-to-earnings ratio of 95.47, a price-to-earnings-growth ratio of 18.18 and a beta of 1.38. The company has a quick ratio of 1.27, a current ratio of 1.16 and a debt-to-equity ratio of 42.80. Aecon Group has a 52 week low of C$17.06 and a 52 week high of C$57.72. The firm has a 50 day moving average of C$46.96 and a 200 day moving average of C$42.20.

Aecon Group (TSE:ARE) last issued its quarterly earnings data on Tuesday, April 28th. The company reported C($0.21) earnings per share (EPS) for the quarter. Aecon Group had a return on equity of 3.71% and a net margin of 0.62%.The firm had revenue of C$1.26 billion during the quarter. On average, sell-side analysts predict that Aecon Group will post 1.3793321 earnings per share for the current fiscal year.

Aecon Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 3rd. Investors of record on Friday, July 3rd were given a $0.1925 dividend. This represents a $0.77 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, June 23rd. Aecon Group’s dividend payout ratio (DPR) is presently 138.64%.

About Aecon Group

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. Aecon generates the majority of its revenue from the Construction segment.