Brokerages Set Aecon Group Inc. (TSE:ARE) Target Price at C$19.17

Shares of Aecon Group Inc. (TSE:ARE) have been given a consensus recommendation of “Hold” by the twelve research firms that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$18.32.

Several research analysts have weighed in on the stock. Canaccord Genuity Group lowered their price target on shares of Aecon Group from C$26.00 to C$25.00 and set a “buy” rating on the stock in a report on Wednesday. CIBC increased their target price 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. Royal Bank of Canada reduced their price target 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. National Bankshares upped their price objective on Aecon Group from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a report on Friday, April 26th. Finally, Raymond James lifted their target price on 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.

Aecon Group Stock Performance

ARE opened at C$14.50 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.50 and a debt-to-equity ratio of 28.71. The stock has a market cap 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 12-month low of C$8.42 and a 12-month high of C$17.40. The business has a 50 day moving average of C$16.64 and a 200-day moving average of C$15.49.

Aecon Group (TSE:ARE) last announced its quarterly earnings results on Wednesday, April 24th. The company reported C($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate 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 research analysts expect that Aecon Group will post 0.9104803 earnings per share for the current year.

Aecon Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Investors 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 yield of 5.24%. Aecon Group’s dividend payout ratio (DPR) is 35.35%.

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.