Aecon Group Inc. (TSE:ARE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Aecon Group Inc. (TSE:ARE) has been given a consensus rating of “Moderate Buy” by the twelve analysts that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$19.17.

Several research analysts have recently issued reports on ARE shares. CIBC increased their price target on Aecon Group from C$22.00 to C$23.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. BMO Capital Markets lifted their price target on Aecon Group from C$17.50 to C$18.50 in a report on Friday, April 26th. National Bankshares upped their price objective on shares of Aecon Group from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Friday, April 26th. Royal Bank of Canada lifted their price objective on Aecon Group from C$13.00 to C$16.00 and gave the company a “sector perform” rating in a research report on Friday, April 26th. Finally, Paradigm Capital upped their target price on 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.

Aecon Group Stock Up 0.2 %

TSE:ARE opened at C$16.53 on Thursday. The company has a debt-to-equity ratio of 28.71, a quick ratio of 1.27 and a current ratio of 1.50. The company has a market capitalization of C$1.03 billion, a price-to-earnings ratio of 7.69, a price-to-earnings-growth ratio of 18.18 and a beta of 1.19. Aecon Group has a one year low of C$8.42 and a one year high of C$17.40. The stock has a 50-day simple moving average of C$16.74 and a 200 day simple moving average of C$15.35.

Aecon Group (TSE:ARE) last released its earnings results on Wednesday, April 24th. The company reported C($0.10) earnings per share for the quarter, beating the consensus estimate of C($0.14) by C$0.04. The firm had revenue of C$846.59 million during the quarter, compared to analyst estimates of C$1.03 billion. Aecon Group had a net margin of 3.77% and a return on equity of 16.62%. Sell-side analysts predict that Aecon Group will post 0.9104803 EPS for the current fiscal year.

Aecon Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Wednesday, July 3rd will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend is Friday, June 21st. Aecon Group’s dividend payout ratio (DPR) is presently 35.35%.

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.