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

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

Several research firms recently weighed in on ARE. Stifel Nicolaus lifted their target price on shares of Aecon Group from C$24.00 to C$30.00 in a report on Friday, October 31st. Canaccord Genuity Group raised their price target on Aecon Group from C$29.00 to C$40.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Cibc Captl Mkts downgraded Aecon Group from a “strong-buy” rating to a “hold” rating in a report on Friday, October 31st. TD Securities increased their target price on Aecon Group from C$34.00 to C$39.00 and gave the stock a “buy” rating in a research note on Sunday, November 2nd. Finally, BMO Capital Markets raised their target price on Aecon Group from C$25.00 to C$30.00 in a report on Friday, October 31st.

Aecon Group Trading Up 3.8%

TSE ARE opened at C$30.94 on Thursday. The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 and a quick ratio of 1.27. The stock has a market capitalization of C$1.96 billion, a P/E ratio of 221.00, a PEG ratio of 18.18 and a beta of 1.53. The firm’s 50-day moving average is C$26.90 and its two-hundred day moving average is C$22.71. Aecon Group has a 12 month low of C$15.21 and a 12 month high of C$35.10.

Aecon Group (TSE:ARE) last announced its quarterly earnings results on Wednesday, October 29th. The company reported C$0.53 earnings per share for the quarter. The business had revenue of C$1.53 billion during the quarter. Aecon Group had a negative net margin of 1.56% and a negative return on equity of 6.40%. On average, sell-side analysts anticipate that Aecon Group will post 1.3793321 earnings per share for the current year.

Aecon Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, October 2nd were paid a $0.19 dividend. The ex-dividend date of this dividend was Monday, September 22nd. This represents a $0.76 annualized dividend and a dividend yield of 2.5%. Aecon Group’s dividend payout ratio (DPR) is presently 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.