Aecon Group (TSE:ARE) Stock Passes Above Two Hundred Day Moving Average of $13.88

Aecon Group Inc. (TSE:ARE) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$13.88 and traded as high as C$17.15. Aecon Group shares last traded at C$16.95, with a volume of 461,390 shares.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ARE. Paradigm Capital upped their target price on Aecon Group from C$14.00 to C$17.80 and gave the stock a “hold” rating in a research note on Friday, April 26th. CIBC increased their price objective on Aecon Group from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. ATB Capital raised their price objective on Aecon Group from C$19.50 to C$21.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Canaccord Genuity Group raised their price objective on Aecon Group from C$14.00 to C$26.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Finally, TD Securities raised their price objective on Aecon Group from C$14.00 to C$18.50 and gave the company a “hold” rating in a report on Friday, March 8th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$19.17.

Aecon Group Trading Up 0.5 %

The firm has a 50-day moving average of C$16.51 and a 200-day moving average of C$13.88. The company has a debt-to-equity ratio of 39.29, a quick ratio of 1.27 and a current ratio of 1.42. The firm has a market capitalization of C$1.06 billion, a P/E ratio of 8.07, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16.

Aecon Group (TSE:ARE) last posted its quarterly earnings results on Wednesday, April 24th. The company reported C($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.14) by C$0.04. The business had revenue of C$846.59 million for the quarter, compared to analyst estimates of C$1.03 billion. Aecon Group had a return on equity of 16.04% and a net margin of 3.49%. On average, equities research analysts anticipate that Aecon Group Inc. will post 0.7603047 EPS for the current fiscal year.

Aecon Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 22nd were given a $0.19 dividend. This is a positive change from Aecon Group’s previous quarterly dividend of $0.19. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date of this dividend was Thursday, March 21st. Aecon Group’s dividend payout ratio (DPR) is currently 36.19%.

Insider Transactions at Aecon Group

In other news, Senior Officer Martina Doyle sold 2,265 shares of Aecon Group stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total value of C$37,191.30. In other news, Director Stuart Lee purchased 7,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were bought at an average cost of C$16.33 per share, for a total transaction of C$114,310.00. Also, Senior Officer Martina Doyle sold 2,265 shares of Aecon Group stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total value of C$37,191.30. Corporate insiders own 1.72% of the company’s stock.

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.