Aecon Group Inc. (TSE:ARE) Receives Consensus Rating of “Hold” from Brokerages

Aecon Group Inc. (TSE:ARE) has been given an average rating of “Hold” by the nine analysts that are covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$39.38.

A number of research firms recently commented on ARE. Canaccord Genuity Group increased their price objective on Aecon Group from C$40.00 to C$52.00 and gave the company a “buy” rating in a research note on Monday, March 9th. ATB Cormark Capital Markets raised their price target on shares of Aecon Group from C$35.00 to C$39.00 and gave the stock a “sector perform” rating in a research note on Monday, March 9th. Raymond James Financial raised their price target on shares of Aecon Group from C$33.00 to C$41.00 and gave the stock a “market perform” rating in a research note on Tuesday. National Bank Financial upped their price objective on shares of Aecon Group from C$35.00 to C$45.00 and gave the company an “outperform” rating in a research note on Monday, March 9th. Finally, Stifel Nicolaus decreased their target price on shares of Aecon Group from C$34.25 to C$28.75 and set a “hold” rating on the stock in a research report on Monday, March 9th.

Aecon Group Stock Performance

TSE:ARE opened at C$40.24 on Friday. Aecon Group has a fifty-two week low of C$15.21 and a fifty-two week high of C$42.40. The company has a quick ratio of 1.27, a current ratio of 1.10 and a debt-to-equity ratio of 65.17. The stock has a market cap of C$2.55 billion, a PE ratio of 287.43, a price-to-earnings-growth ratio of 18.18 and a beta of 1.10. The firm’s fifty day simple moving average is C$36.06 and its 200-day simple moving average is C$29.84.

Aecon Group (TSE:ARE) last announced its earnings results on Thursday, March 5th. The company reported C$0.52 EPS for the quarter. Aecon Group had a return on equity of 1.66% and a net margin of 0.28%.The firm had revenue of C$1.54 billion for the quarter. Analysts expect that Aecon Group will post 1.3793321 earnings per share for the current fiscal year.

Aecon Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.1925 per share. The ex-dividend date is Monday, March 23rd. This represents a $0.77 annualized dividend and a dividend yield of 1.9%. Aecon Group’s dividend payout ratio (DPR) is 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.