Aecon Group (TSE:ARE) Price Target Cut to C$18.00 by Analysts at Desjardins

Aecon Group (TSE:ARE) had its target price reduced by Desjardins from C$20.00 to C$18.00 in a report released on Tuesday morning, BayStreet.CA reports. They currently have a buy rating on the stock. Desjardins also issued estimates for Aecon Group’s FY2025 earnings at $1.07 EPS.

Several other brokerages have also recently commented on ARE. BMO Capital Markets lifted their price objective on shares of Aecon Group from C$17.50 to C$18.50 in a research note on Friday, April 26th. Canaccord Genuity Group lifted their price objective on shares of Aecon Group from C$14.00 to C$26.00 and gave the company a buy rating in a research note on Thursday, March 7th. Royal Bank of Canada decreased their price objective on shares of 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. CIBC lifted their price objective on shares of Aecon Group from C$22.00 to C$23.00 and gave the company an outperform rating in a research note on Friday, April 26th. Finally, TD Securities lifted their price objective on shares of Aecon Group from C$14.00 to C$18.50 and gave the company a hold rating in a research note on Friday, March 8th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Aecon Group has a consensus rating of Hold and an average price target of C$18.32.

Aecon Group Stock Up 0.6 %

Shares of Aecon Group stock opened at C$14.59 on Tuesday. The firm’s 50 day moving average price is C$16.59 and its 200-day moving average price is C$15.49. The company has a market cap of C$908.52 million, a P/E ratio of 6.79, a PEG ratio of 18.18 and a beta of 1.19. 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 has a 52-week low of C$8.42 and a 52-week high of C$17.40.

Aecon Group (TSE:ARE) last released its earnings results on Wednesday, April 24th. The company reported C($0.10) EPS for the quarter, topping analysts’ consensus estimates of C($0.14) by C$0.04. The company 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%. On average, sell-side analysts predict that Aecon Group will post 0.9104803 EPS for the current fiscal year.

Aecon Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, July 3rd were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.21%. The ex-dividend date was Friday, June 21st. Aecon Group’s dividend payout ratio (DPR) is presently 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.