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

Aecon Group Inc. (TSE:ARE) has received a consensus recommendation of “Hold” from the eleven analysts that are covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$52.29.

A number of equities analysts have commented on the company. Raymond James Financial raised their price objective on Aecon Group from C$44.00 to C$54.00 in a research note on Wednesday, April 29th. Jefferies Financial Group raised their price objective on Aecon Group from C$49.00 to C$59.00 in a research note on Monday, April 27th. Canadian Imperial Bank of Commerce raised their price objective on Aecon Group from C$45.00 to C$48.00 in a research note on Thursday, April 9th. Desjardins raised their price objective on Aecon Group from C$45.00 to C$52.00 and gave the stock a “hold” rating in a research note on Thursday, April 30th. Finally, BMO Capital Markets raised their price objective on Aecon Group from C$45.00 to C$49.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 29th.

Insider Buying and Selling

In other Aecon Group news, Director Eric Stuart Rosenfeld sold 125,000 shares of the firm’s stock in a transaction on Friday, March 27th. The stock was sold at an average price of C$41.64, for a total transaction of C$5,205,000.00. Following the transaction, the director owned 184,200 shares in the company, valued at C$7,670,088. This trade represents a 40.43% decrease in their position. 0.82% of the stock is currently owned by company insiders.

Aecon Group Stock Performance

TSE:ARE opened at C$53.04 on Friday. The stock has a market cap of C$3.63 billion, a P/E ratio of 96.44, a PEG ratio of 18.18 and a beta of 1.16. The stock has a 50 day simple moving average of C$43.92 and a 200 day simple moving average of C$35.80. The company has a current ratio of 1.16, a quick ratio of 1.27 and a debt-to-equity ratio of 42.80. Aecon Group has a 1-year low of C$17.06 and a 1-year high of C$57.72.

Aecon Group (TSE:ARE) last released its quarterly earnings results on Tuesday, April 28th. The company reported C($0.21) earnings per share for the quarter. The firm had revenue of C$1.26 billion for the quarter. Aecon Group had a return on equity of 3.71% and a net margin of 0.62%. Research analysts anticipate that Aecon Group will post 1.3793321 earnings per share for the current year.

Aecon Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd were paid a dividend of $0.1925 per share. This represents a $0.77 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, March 23rd. Aecon Group’s dividend payout ratio (DPR) is 138.64%.

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