Aecon Group (TSE:ARE) Upgraded to “Outperform” at Raymond James

Raymond James upgraded shares of Aecon Group (TSE:ARE) from a market perform rating to an outperform rating in a report released on Tuesday morning,BayStreet.CA reports. They currently have C$23.00 price objective on the stock.

A number of other equities analysts have also recently issued reports on ARE. TD Securities dropped their price objective on Aecon Group from C$35.00 to C$30.00 and set a “buy” rating for the company in a report on Friday, March 7th. CIBC boosted their target price on shares of Aecon Group from C$30.00 to C$31.00 in a research note on Thursday, April 17th. National Bankshares upgraded shares of Aecon Group from a “sector perform” rating to an “outperform” rating in a report on Monday, March 10th. Desjardins decreased their price objective on shares of Aecon Group from C$32.00 to C$29.00 and set a “buy” rating for the company in a report on Friday, March 7th. Finally, Royal Bank of Canada lowered their price objective on shares of Aecon Group from C$27.00 to C$20.00 in a research report on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$25.07.

Aecon Group Price Performance

ARE stock opened at C$17.07 on Tuesday. The stock has a market cap of C$1.08 billion, a PE ratio of -16.79, a P/E/G ratio of 18.18 and a beta of 1.13. The company has a 50-day moving average price of C$18.94 and a 200 day moving average price of C$23.41. Aecon Group has a 12 month low of C$13.03 and a 12 month high of C$29.70. The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84.

Aecon Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 2nd. Investors of record on Wednesday, April 2nd were paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date was Friday, March 21st. Aecon Group’s dividend payout ratio (DPR) is -74.76%.

Insiders Place Their Bets

In other news, Director Stuart Lee bought 5,700 shares of Aecon Group stock in a transaction on Monday, March 10th. The stock was acquired at an average cost of C$18.35 per share, for a total transaction of C$104,595.00. 0.82% of the stock is owned by company insiders.

About Aecon Group

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects.