Aecon Group (TSE:ARE) Price Target Raised to C$17.00

Aecon Group (TSE:ARE) had its target price increased by Stifel Nicolaus from C$16.50 to C$17.00 in a research report sent to investors on Friday, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other equities analysts have also issued reports on the stock. BMO Capital Markets raised their price target on shares of Aecon Group from C$14.50 to C$17.50 and gave the stock an outperform rating in a research report on Thursday, March 7th. TD Securities raised their price target on shares of Aecon Group from C$14.00 to C$18.50 and gave the stock a hold rating in a research report on Friday, March 8th. National Bankshares raised their price target on shares of Aecon Group from C$10.50 to C$15.00 and gave the stock a sector perform rating in a research report on Thursday, March 7th. Royal Bank of Canada raised their price target on shares of Aecon Group from C$10.00 to C$13.00 and gave the stock a sector perform rating in a research report on Thursday, March 7th. Finally, Desjardins raised their price target on shares of Aecon Group from C$16.00 to C$20.00 and gave the stock a buy rating in a research report on Thursday, March 7th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Aecon Group currently has an average rating of Moderate Buy and an average price target of C$18.23.

Aecon Group Stock Up 0.1 %

Shares of ARE stock opened at C$17.04 on Friday. Aecon Group has a 1-year low of C$8.42 and a 1-year high of C$17.40. The stock’s fifty day moving average price is C$15.86 and its 200 day moving average price is C$13.37. The company has a debt-to-equity ratio of 39.29, a current ratio of 1.42 and a quick ratio of 1.27. The company has a market cap of C$1.06 billion, a price-to-earnings ratio of 8.11, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16.

Aecon Group (TSE:ARE) last announced its earnings results on Tuesday, March 5th. The company reported C$0.15 earnings per share for the quarter, missing the consensus estimate of C$0.17 by C($0.02). Aecon Group had a return on equity of 16.04% and a net margin of 3.49%. The business had revenue of C$1.13 billion for the quarter, compared to analysts’ expectations of C$1.22 billion. On average, research analysts expect that Aecon Group will post 0.7603047 earnings per share for the current fiscal year.

Aecon Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 22nd were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 4.46%. This is a positive change from Aecon Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 21st. Aecon Group’s payout ratio is 36.19%.

Insider Activity

In other news, Senior Officer Martina Doyle sold 2,265 shares of Aecon Group stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total transaction of C$37,191.30. In related news, Senior Officer Martina Doyle sold 2,265 shares of Aecon Group stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total value of C$37,191.30. Also, Senior Officer Adam Robert Borgatti purchased 4,231 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was bought at an average cost 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.