Aecon Group (TSE:ARE) Price Target Cut to C$25.00 by Analysts at Canaccord Genuity Group

Aecon Group (TSE:ARE) had its price objective trimmed by Canaccord Genuity Group from C$26.00 to C$25.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued reports about the company. Desjardins dropped their price objective on Aecon Group from C$20.00 to C$18.00 and set a buy rating for the company in a research note on Tuesday. TD Securities dropped their price objective on Aecon Group from C$18.00 to C$17.00 and set a hold rating for the company in a research note on Tuesday. CIBC increased their price objective 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. Raymond James increased their price objective on Aecon Group from C$16.00 to C$17.00 and gave the stock a market perform rating in a research note on Friday, April 26th. Finally, Royal Bank of Canada dropped their price objective on Aecon Group from C$16.00 to C$13.00 and set a sector perform rating for the company in a research note on Tuesday. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Aecon Group currently has an average rating of Hold and a consensus price target of C$18.32.

Aecon Group Stock Performance

Shares of TSE ARE opened at C$14.50 on Wednesday. The business has a fifty day simple moving average of C$16.64 and a 200 day simple moving average of C$15.49. The company has a current ratio of 1.50, a quick ratio of 1.27 and a debt-to-equity ratio of 28.71. The firm has a market capitalization of C$902.92 million, a price-to-earnings ratio of 6.74, a PEG 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.

Aecon Group (TSE:ARE) last issued 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 business had revenue of C$846.59 million during the quarter, compared to analyst estimates of C$1.03 billion. Aecon Group had a return on equity of 16.62% and a net margin of 3.77%. Sell-side analysts expect that Aecon Group will post 0.9104803 EPS for the current year.

Aecon Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, July 3rd were paid a $0.19 dividend. The ex-dividend date of this dividend was Friday, June 21st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.24%. 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.