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

Aecon Group Inc. (TSE:ARE) has been given a consensus rating of “Moderate Buy” by the eleven brokerages that are currently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$18.09.

Several analysts have recently issued reports on ARE shares. Stifel Nicolaus upped their target price on shares of Aecon Group from C$13.00 to C$16.50 and gave the stock a “hold” rating in a research note on Thursday, March 7th. Canaccord Genuity Group increased their price objective on shares of Aecon Group from C$14.00 to C$26.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Royal Bank of Canada boosted their target price on Aecon Group from C$10.00 to C$13.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 7th. CIBC upped their target price on Aecon Group from C$18.00 to C$21.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Finally, TD Securities lifted their price target on Aecon Group from C$14.00 to C$18.50 and gave the stock a “hold” rating in a report on Friday, March 8th.

Aecon Group Trading Down 0.3 %

Shares of Aecon Group stock opened at C$17.19 on Friday. The stock has a market capitalization of C$1.07 billion, a PE ratio of 8.19, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16. Aecon Group has a 52 week low of C$8.42 and a 52 week high of C$17.40. The stock has a 50 day moving average price of C$15.64 and a two-hundred day moving average price of C$13.18. The company has a debt-to-equity ratio of 39.29, a quick ratio of 1.27 and a current ratio of 1.42.

Aecon Group (TSE:ARE) last announced its quarterly earnings results on Tuesday, March 5th. The company reported C$0.15 EPS for the quarter, missing analysts’ consensus estimates of C$0.17 by C($0.02). Aecon Group had a net margin of 3.49% and a return on equity of 16.04%. The business had revenue of C$1.13 billion for the quarter, compared to the consensus estimate of C$1.22 billion. As a group, equities analysts anticipate that Aecon Group will post 0.7603047 earnings per share for the current fiscal year.

Aecon Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 22nd were paid a dividend of $0.19 per share. This is an increase from Aecon Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.76 annualized dividend and a dividend yield of 4.42%. Aecon Group’s dividend payout ratio is presently 36.19%.

Insider Buying and Selling

In other Aecon Group news, Senior Officer Martina Doyle sold 2,265 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total transaction of C$37,191.30. In related news, Director Stuart Lee purchased 7,000 shares of Aecon Group stock in a transaction dated Friday, March 22nd. The stock was bought at an average cost of C$16.33 per share, for a total transaction of C$114,310.00. Also, Senior Officer Martina Doyle sold 2,265 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total value of C$37,191.30. 1.72% of the stock is currently owned by 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.