Aecon Group (TSE:ARE) Given New C$13.00 Price Target at National Bankshares

Aecon Group (TSE:ARE – Get Rating) had its target price trimmed by National Bankshares from C$18.00 to C$13.00 in a research report released on Tuesday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Other research analysts have also recently issued research reports about the company. Raymond James decreased their price target on Aecon Group from C$21.00 to C$17.00 and set an outperform rating for the company in a research note on Tuesday. CIBC lowered Aecon Group from an outperform rating to a neutral rating and cut their price objective for the company from C$20.00 to C$16.00 in a report on Wednesday, July 13th. Stifel Nicolaus cut their price objective on Aecon Group from C$18.00 to C$14.00 in a report on Monday, July 11th. Finally, Royal Bank of Canada cut their price objective on Aecon Group from C$18.00 to C$16.00 and set a sector perform rating for the company in a report on Thursday, July 21st. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and an average target price of C$15.41.

Aecon Group Price Performance

Shares of ARE opened at C$11.02 on Tuesday. Aecon Group has a 12 month low of C$10.57 and a 12 month high of C$22.28. The company has a market cap of C$671.72 million and a P/E ratio of 27.55. The stock has a fifty day moving average price of C$13.09 and a 200 day moving average price of C$15.11. The company has a debt-to-equity ratio of 110.06, a current ratio of 1.38 and a quick ratio of 1.26.

Aecon Group (TSE:ARE – Get Rating) last released its quarterly earnings results on Thursday, July 28th. The company reported C($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.22 by C($0.32). The firm had revenue of C$1.12 billion during the quarter, compared to the consensus estimate of C$997.47 million. On average, research analysts forecast that Aecon Group will post 0.83 earnings per share for the current year.

Aecon Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 5th. Stockholders of record on Tuesday, July 5th were issued a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 6.72%. The ex-dividend date of this dividend was Thursday, June 23rd. Aecon Group’s dividend payout ratio is 180.00%.

Aecon Group Company Profile

(Get Rating)

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 primarily on the civil infrastructure, urban transportation systems, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.