Aecon Group (TSE:ARE) Price Target Raised to C$42.00

Aecon Group (TSE:ARE) had its target price hoisted by ATB Cormark Capital Markets from C$39.00 to C$42.00 in a report published on Monday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets upped their price target on shares of Aecon Group from C$40.00 to C$45.00 and gave the company an “outperform” rating in a research report on Monday. Raymond James Financial raised their price objective on shares of Aecon Group from C$33.00 to C$41.00 and gave the stock a “market perform” rating in a report on Tuesday, March 10th. Stifel Nicolaus cut their target price on shares of Aecon Group from C$34.25 to C$28.75 and set a “hold” rating for the company in a research report on Monday, March 9th. National Bank Financial upped their target price on shares of Aecon Group from C$35.00 to C$45.00 and gave the company an “outperform” rating in a report on Monday, March 9th. Finally, Desjardins increased their price target on shares of Aecon Group from C$43.00 to C$45.00 and gave the stock a “hold” rating in a research report on Monday. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$43.58.

Aecon Group Stock Performance

Shares of ARE opened at C$42.20 on Monday. The company has a debt-to-equity ratio of 65.17, a current ratio of 1.10 and a quick ratio of 1.27. Aecon Group has a one year low of C$15.21 and a one year high of C$44.71. The firm has a market capitalization of C$2.70 billion, a P/E ratio of 183.48, a PEG ratio of 18.18 and a beta of 1.10. The business has a fifty day moving average of C$38.53 and a 200 day moving average of C$31.82.

Aecon Group (TSE:ARE) last posted its quarterly earnings data on Thursday, March 5th. The company reported C$0.52 EPS for the quarter. Aecon Group had a return on equity of 1.66% and a net margin of 0.28%.The company had revenue of C$1.54 billion during the quarter. As a group, sell-side analysts anticipate that Aecon Group will post 1.3793321 EPS for the current year.

Aecon Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd will be paid a $0.1925 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $0.77 annualized dividend and a dividend yield of 1.8%. Aecon Group’s dividend payout ratio (DPR) is 330.43%.

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.