Aecon Group (TSE:ARE) Price Target Increased to C$16.00 by Analysts at Royal Bank of Canada

Aecon Group (TSE:ARE) had its price target hoisted by Royal Bank of Canada from C$13.00 to C$16.00 in a report released on Friday morning, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

A number of other equities analysts also recently commented on ARE. Stifel Nicolaus raised their price objective on Aecon Group from C$17.00 to C$18.25 in a report on Friday. Paradigm Capital increased their target price on Aecon Group from C$14.00 to C$17.80 and gave the company a hold rating in a research note on Friday. ATB Capital increased their target price on Aecon Group from C$19.50 to C$21.00 and gave the company an outperform rating in a research note on Friday. Raymond James increased their target price on Aecon Group from C$16.00 to C$17.00 and gave the company a market perform rating in a research note on Friday. Finally, BMO Capital Markets increased their target price on Aecon Group from C$17.50 to C$18.50 in a research note on Friday. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average target price of C$19.17.

Aecon Group Stock Performance

Aecon Group stock opened at C$17.05 on Friday. The stock’s 50-day moving average is C$16.15 and its 200-day moving average is C$13.58. The company has a market cap of C$1.06 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16. The company has a debt-to-equity ratio of 39.29, a current ratio of 1.42 and a quick ratio of 1.27. Aecon Group has a 12 month low of C$8.42 and a 12 month high of C$17.40.

Aecon Group (TSE:ARE) last released its quarterly earnings data on Wednesday, April 24th. The company reported C($0.10) EPS for the quarter, topping analysts’ consensus estimates of C($0.14) by C$0.04. The company had revenue of C$846.59 million for the quarter, compared to the consensus estimate of C$1.03 billion. Aecon Group had a return on equity of 16.04% and a net margin of 3.49%. Equities analysts anticipate that Aecon Group will post 0.7603047 earnings per share for the current year.

Aecon Group Increases Dividend

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

Insider Buying and Selling at Aecon Group

In other Aecon Group news, Senior Officer Martina Doyle sold 2,265 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total transaction of C$37,191.30. In other news, Senior Officer Adam Robert Borgatti bought 4,231 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was bought at an average price of C$13.07 per share, for a total transaction of C$55,299.17. Also, Senior Officer Martina Doyle sold 2,265 shares of Aecon Group stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total value of C$37,191.30. 1.72% of the stock is owned by insiders.

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.