Stifel Nicolaus Lowers Aecon Group (TSE:ARE) Price Target to C$11.00

Aecon Group (TSE:ARE – Get Rating) had its target price lowered by Stifel Nicolaus from C$14.00 to C$11.00 in a report published on Tuesday morning, BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the company. CIBC downgraded Aecon Group from an outperform rating to a neutral rating and reduced their target price for the company from C$20.00 to C$16.00 in a report on Wednesday, July 13th. Raymond James reduced their target price on Aecon Group from C$21.00 to C$17.00 and set an outperform rating for the company in a report on Tuesday. National Bankshares cut their price target on Aecon Group from C$18.00 to C$13.00 and set a sector perform rating for the company in a research note on Tuesday. Finally, Royal Bank of Canada cut their price target on Aecon Group from C$18.00 to C$16.00 and set a sector perform rating for the company in a research note on Thursday, July 21st. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Hold and an average price target of C$15.41.

Aecon Group Price Performance

Aecon Group stock opened at C$11.02 on Tuesday. Aecon Group has a one year low of C$10.57 and a one year high of C$22.28. The company has a debt-to-equity ratio of 110.06, a quick ratio of 1.26 and a current ratio of 1.38. The business has a fifty day moving average of C$13.09 and a two-hundred day moving average of C$15.11. The company has a market cap of C$671.72 million and a P/E ratio of 27.55.

Aecon Group (TSE:ARE – Get Rating) last released its earnings results on Thursday, July 28th. The company reported C($0.10) EPS for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.32). The business had revenue of C$1.12 billion during the quarter, compared to the consensus estimate of C$997.47 million. As a group, analysts predict that Aecon Group will post 0.83 earnings per share for the current fiscal year.

Aecon Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 5th. Shareholders of record on Tuesday, July 5th were issued a $0.185 dividend. This represents a $0.74 annualized dividend and a yield of 6.72%. The ex-dividend date was Thursday, June 23rd. Aecon Group’s dividend payout ratio (DPR) is 180.00%.

Aecon Group Company Profile

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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 primarily on the civil infrastructure, urban transportation systems, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.