Aecon Group (TSE:ARE) Given New C$13.00 Price Target at Royal Bank of Canada

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

ARE has been the subject of several other research reports. Canaccord Genuity Group raised their price target on Aecon Group from C$14.00 to C$26.00 and gave the stock a buy rating in a research report on Thursday, March 7th. Stifel Nicolaus raised their price objective on Aecon Group from C$17.00 to C$18.25 in a report on Friday, April 26th. TD Securities raised their price objective on Aecon Group from C$14.00 to C$18.50 and gave the stock a hold rating in a report on Friday, March 8th. National Bankshares raised their price objective on Aecon Group from C$15.00 to C$18.00 and gave the stock a sector perform rating in a report on Friday, April 26th. Finally, BMO Capital Markets raised their price objective on Aecon Group from C$17.50 to C$18.50 in a report on Friday, April 26th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of C$18.38.

Aecon Group Stock Performance

Shares of ARE stock opened at C$14.01 on Tuesday. The company has a market cap of C$872.40 million, a price-to-earnings ratio of 6.52, a price-to-earnings-growth ratio of 18.18 and a beta of 1.19. The stock has a 50 day simple moving average of C$16.68 and a 200-day simple moving average of C$15.50. Aecon Group has a 12-month low of C$8.42 and a 12-month high of C$17.40. The company has a current ratio of 1.50, a quick ratio of 1.27 and a debt-to-equity ratio of 28.71.

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

Aecon Group Announces Dividend

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 given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.76 annualized dividend and a dividend yield of 5.42%. Aecon Group’s dividend payout ratio 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.