Aecon Group (TSE:ARE) Trading Up 4.1% – Should You Buy?

Aecon Group Inc. (TSE:ARE) rose 4.1% during mid-day trading on Friday . The company traded as high as C$24.63 and last traded at C$24.14. Approximately 132,222 shares traded hands during trading, a decline of 54% from the average daily volume of 286,386 shares. The stock had previously closed at C$23.19.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Royal Bank of Canada increased their price objective on Aecon Group from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a report on Monday, July 29th. National Bankshares raised shares of Aecon Group from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$17.00 to C$20.50 in a report on Monday, July 29th. CIBC boosted their price objective on shares of Aecon Group from C$22.00 to C$25.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. ATB Capital increased their target price on shares of Aecon Group from C$21.00 to C$29.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, National Bank Financial raised shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 28th. Five research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Aecon Group has an average rating of “Moderate Buy” and a consensus price target of C$22.07.

Aecon Group Trading Up 18.7 %

The company has a 50 day simple moving average of C$20.62 and a 200 day simple moving average of C$17.86. The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 32.86. The stock has a market capitalization of C$1.72 billion, a PE ratio of -101.93, a P/E/G ratio of 18.18 and a beta of 1.13.

Aecon Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Friday, September 20th. Aecon Group’s dividend payout ratio (DPR) is presently -281.48%.

Insider Activity

In other news, Senior Officer Timothy John Murphy purchased 4,244 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was purchased at an average cost of C$17.66 per share, with a total value of C$74,969.84. Insiders own 0.82% of the company’s stock.

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.