Aecon Group (TSE:ARE) Raised to “Strong-Buy” at Stifel Canada

Stifel Canada upgraded shares of Aecon Group (TSE:ARE) from a hold rating to a strong-buy rating in a report issued on Thursday morning, Zacks.com reports. Stifel Canada also issued estimates for Aecon Group’s FY2025 earnings at $1.10 EPS.

Several other equities analysts also recently weighed in on the company. Royal Bank of Canada dropped their target price on Aecon Group from C$16.00 to C$13.00 and set a sector perform rating for the company in a research report on Tuesday, July 2nd. Desjardins reduced their price objective on Aecon Group from C$20.00 to C$18.00 and set a buy rating on the stock in a research note on Tuesday, July 2nd. CIBC cut their price target on Aecon Group from C$23.00 to C$22.00 in a report on Thursday, July 11th. Canaccord Genuity Group cut their target price on shares of Aecon Group from C$26.00 to C$25.00 and set a buy rating on the stock in a research note on Wednesday, July 3rd. Finally, Paradigm Capital boosted their price target on shares of Aecon Group from C$14.00 to C$17.80 and gave the stock a hold rating in a report on Friday, April 26th. Six research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and a consensus price target of C$18.69.

Aecon Group Stock Up 5.6 %

ARE stock opened at C$15.63 on Thursday. Aecon Group has a one year low of C$8.42 and a one year high of C$17.40. The firm has a market cap of C$973.28 million, a PE ratio of 7.27, a PEG ratio of 18.18 and a beta of 1.19. The firm’s 50 day moving average price is C$15.85 and its 200-day moving average price is C$15.71. The company has a debt-to-equity ratio of 28.71, a quick ratio of 1.27 and a current ratio of 1.50.

Aecon Group (TSE:ARE) last posted its earnings results on Wednesday, April 24th. The company reported C($0.10) EPS for the quarter, beating 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 analysts’ expectations of C$1.03 billion. Aecon Group had a net margin of 3.77% and a return on equity of 16.62%. On average, equities research analysts anticipate that Aecon Group will post 0.9104803 EPS for the current year.

Aecon Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Friday, September 20th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.76 dividend on an annualized basis and a yield of 4.86%. 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.