Aecon Group (TSE:ARE) PT Lowered to C$16.25 at Stifel Nicolaus

Aecon Group (TSE:ARE) had its price target lowered by Stifel Nicolaus from C$18.25 to C$16.25 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. The firm currently has a hold rating on the stock.

ARE has been the topic of a number of other reports. Canaccord Genuity Group upped their price target on shares of Aecon Group from C$14.00 to C$26.00 and gave the stock a buy rating in a research note on Thursday, March 7th. National Bankshares upped their price target on shares of Aecon Group from C$15.00 to C$18.00 and gave the stock a sector perform rating in a research note on Friday, April 26th. Raymond James increased their target price on shares of Aecon Group from C$16.00 to C$17.00 and gave the stock a market perform rating in a research report on Friday, April 26th. Desjardins lowered their target price on shares of Aecon Group from C$20.00 to C$18.00 and set a buy rating on the stock in a research report on Tuesday. Finally, Paradigm Capital increased their target price on shares of Aecon Group from C$14.00 to C$17.80 and gave the stock a hold rating in a research report on Friday, April 26th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average target price of C$18.32.

Aecon Group Price Performance

ARE opened at C$14.59 on Tuesday. The stock has a fifty day moving average of C$16.59 and a 200-day moving average of C$15.49. The firm has a market capitalization of C$908.52 million, a P/E ratio of 6.79, a PEG ratio of 18.18 and a beta of 1.19. Aecon Group has a 12-month low of C$8.42 and a 12-month high of C$17.40. The company has a quick ratio of 1.27, a current ratio of 1.50 and a debt-to-equity ratio of 28.71.

Aecon Group (TSE:ARE) last posted its quarterly earnings results on Wednesday, April 24th. The company reported C($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of C($0.14) by C$0.04. Aecon Group had a net margin of 3.77% and a return on equity of 16.62%. The business had revenue of C$846.59 million for the quarter, compared to the consensus estimate of C$1.03 billion. Equities analysts forecast that Aecon Group will post 0.9104803 EPS for the current fiscal year.

Aecon Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, July 3rd were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.21%. The ex-dividend date of this dividend was Friday, June 21st. Aecon Group’s dividend payout ratio (DPR) is 35.35%.

About Aecon Group

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.