Aecon Group Inc. (TSE:ARE – Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as C$21.04 and last traded at C$20.95, with a volume of 18182 shares trading hands. The stock had previously closed at C$20.92.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on ARE shares. Stifel Nicolaus boosted their price target on Aecon Group from C$25.00 to C$30.00 in a report on Monday, September 9th. TD Securities reduced their target price on Aecon Group from C$17.00 to C$16.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. National Bankshares upgraded shares of Aecon Group from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$17.00 to C$20.50 in a report on Monday, July 29th. BMO Capital Markets cut their price target on shares of Aecon Group from C$17.50 to C$16.50 in a research note on Wednesday, July 24th. Finally, National Bank Financial upgraded Aecon Group from a “hold” rating to a “strong-buy” rating in a report on Sunday, July 28th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$21.07.
Check Out Our Latest Stock Analysis on Aecon Group
Aecon Group Trading Up 0.3 %
Aecon Group (TSE:ARE – Get Free Report) last issued its earnings results on Wednesday, July 24th. The company reported C($1.99) EPS for the quarter, beating analysts’ consensus estimates of C($2.53) by C$0.54. The company had revenue of C$853.80 million during the quarter, compared to the consensus estimate of C$1.01 billion. Aecon Group had a return on equity of 1.40% and a net margin of 0.32%. On average, research analysts predict that Aecon Group Inc. will post 1.3797814 EPS for the current year.
Aecon Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd will be given a $0.19 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.76 annualized dividend and a yield of 3.62%. Aecon Group’s dividend payout ratio is presently -281.48%.
Insiders Place Their Bets
In related news, Senior Officer Timothy John Murphy bought 4,244 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were acquired at an average cost of C$17.66 per share, for a total transaction of C$74,969.84. In other Aecon Group news, Director Scott Stewart bought 10,000 shares of the stock in a transaction on Monday, July 29th. The shares were bought at an average price of C$16.54 per share, with a total value of C$165,380.00. Also, Senior Officer Timothy John Murphy bought 4,244 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of C$17.66 per share, for a total transaction of C$74,969.84. In the last three months, insiders have purchased 16,549 shares of company stock worth $274,762. 0.82% of the stock is owned by corporate insiders.
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.
Featured Stories
- Five stocks we like better than Aecon Group
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- Why Lennar Stock Could Be the Best Play in the Housing Market
- How to Invest in the Best Canadian StocksĀ
- 2 Energy Stocks Fueling the AI Datacenter Boom
- Investing In Preferred Stock vs. Common Stock
- Will Marinus Pharmaceuticals Be the Next Big Winner in Biotech?
Receive News & Ratings for Aecon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aecon Group and related companies with MarketBeat.com's FREE daily email newsletter.