Aecon Group (TSE:ARE) Given New C$17.00 Price Target at TD Securities

Aecon Group (TSE:ARE) had its price target decreased by TD Securities from C$18.00 to C$17.00 in a research report sent to investors on Tuesday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

A number of other research analysts have also recently issued reports on ARE. Raymond James raised their price target on shares of Aecon Group from C$16.00 to C$17.00 and gave the stock a market perform rating in a report on Friday, April 26th. Desjardins decreased their price target on shares of Aecon Group from C$20.00 to C$18.00 and set a buy rating for the company in a report on Tuesday. National Bankshares raised 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 report on Friday, April 26th. Stifel Nicolaus raised their target price on shares of Aecon Group from C$17.00 to C$18.25 in a report on Friday, April 26th. Finally, Canaccord Genuity Group raised their target price on shares of Aecon Group from C$14.00 to C$26.00 and gave the stock a buy rating in a report on Thursday, March 7th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Hold and an average price target of C$18.38.

Aecon Group Price Performance

Shares of ARE opened at C$14.01 on Tuesday. The company has a 50 day moving average of C$16.68 and a two-hundred day moving average of C$15.50. 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. Aecon Group has a twelve month low of C$8.42 and a twelve 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 (EPS) for the quarter, topping analysts’ consensus estimates of C($0.14) by C$0.04. The business had revenue of C$846.59 million during 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%. As a group, analysts predict that Aecon Group will post 0.9104803 earnings per share for the current fiscal year.

Aecon Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Wednesday, July 3rd will be given a dividend of $0.19 per share. The ex-dividend date is Friday, June 21st. This represents a $0.76 annualized dividend and a 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.