Aecon Group (TSE:ARE) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Aecon Group Inc. (TSE:ARE) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$23.41 and traded as high as C$31.53. Aecon Group shares last traded at C$31.40, with a volume of 286,268 shares traded.

Analyst Ratings Changes

ARE has been the topic of a number of research reports. National Bankshares increased their price objective on Aecon Group from C$23.00 to C$26.00 and gave the company an “outperform” rating in a report on Wednesday, September 24th. Raymond James Financial lowered Aecon Group from a “moderate buy” rating to a “hold” rating and upped their target price for the company from C$26.00 to C$33.00 in a research report on Friday, October 31st. Desjardins downgraded shares of Aecon Group from a “buy” rating to a “hold” rating and increased their price target for the stock from C$22.00 to C$35.00 in a report on Friday, October 31st. Cibc Captl Mkts lowered shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 31st. Finally, TD Securities upped their price objective on shares of Aecon Group from C$34.00 to C$39.00 and gave the company a “buy” rating in a report on Sunday, November 2nd. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$33.00.

Aecon Group Stock Performance

The company has a market capitalization of C$1.99 billion, a PE ratio of 224.29, a PEG ratio of 18.18 and a beta of 1.53. The firm has a 50-day moving average of C$28.06 and a two-hundred day moving average of C$23.41. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84.

Aecon Group (TSE:ARE) last released its quarterly earnings data on Wednesday, October 29th. The company reported C$0.53 EPS for the quarter. The business had revenue of C$1.53 billion for the quarter. Aecon Group had a negative return on equity of 6.40% and a negative net margin of 1.56%. Research analysts anticipate that Aecon Group Inc. will post 1.3793321 EPS for the current year.

Aecon Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, October 2nd were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.4%. The ex-dividend date was Monday, September 22nd. Aecon Group’s dividend payout ratio (DPR) is currently 542.86%.

Aecon Group Company Profile

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. Aecon generates the majority of its revenue from the Construction segment.