Aecon Group (TSE:ARE) Price Target Increased to C$17.00 by Analysts at Stifel Nicolaus

Aecon Group (TSE:ARE) had its price target boosted by Stifel Nicolaus from C$16.50 to C$17.00 in a research note released on Friday, BayStreet.CA reports. Stifel Nicolaus currently has a hold rating on the stock.

A number of other brokerages have also issued reports on ARE. Raymond James lifted their target price on Aecon Group from C$14.00 to C$16.00 and gave the company a market perform rating in a research report on Thursday, March 7th. Royal Bank of Canada lifted their price objective on shares of Aecon Group from C$10.00 to C$13.00 and gave the company a sector perform rating in a report on Thursday, March 7th. CIBC raised their target price on shares of Aecon Group from C$21.00 to C$22.00 and gave the company an outperform rating in a research report on Thursday, April 18th. BMO Capital Markets lifted their price target on shares of Aecon Group from C$14.50 to C$17.50 and gave the company an outperform rating in a research note on Thursday, March 7th. Finally, Desjardins increased their price objective on shares of Aecon Group from C$16.00 to C$20.00 and gave the stock a buy rating in a research note on Thursday, March 7th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Aecon Group currently has a consensus rating of Moderate Buy and an average price target of C$18.23.

Aecon Group Price Performance

TSE ARE opened at C$16.84 on Friday. 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 has a 52-week low of C$8.42 and a 52-week high of C$17.40. The business has a 50 day simple moving average of C$15.91 and a 200 day simple moving average of C$13.45. The stock has a market cap of C$1.05 billion, a price-to-earnings ratio of 8.02, a PEG ratio of 18.18 and a beta of 1.16.

Aecon Group (TSE:ARE) last issued its quarterly earnings data 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). The company had revenue of C$1.13 billion for the quarter, compared to analyst estimates of C$1.22 billion. Aecon Group had a return on equity of 16.04% and a net margin of 3.49%. Analysts anticipate that Aecon Group will post 0.7603047 earnings per share for the current fiscal year.

Aecon Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, March 22nd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.51%. 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. Aecon Group’s dividend payout ratio is 36.19%.

Insider Buying and Selling at Aecon Group

In related news, Senior Officer Adam Robert Borgatti acquired 4,231 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were bought at an average cost of C$13.07 per share, with a total value of C$55,299.17. In related news, Senior Officer Martina Doyle sold 2,265 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total value of C$37,191.30. Also, Senior Officer Adam Robert Borgatti acquired 4,231 shares of the 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. Insiders own 1.72% of the company’s stock.

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.