Aecon Group (TSE:ARE) Price Target Raised to C$44.00

Aecon Group (TSE:ARE) had its price objective boosted by Royal Bank Of Canada from C$41.00 to C$44.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus lowered their price objective on shares of Aecon Group from C$34.25 to C$28.75 and set a “hold” rating for the company in a research report on Monday, March 9th. Canadian Imperial Bank of Commerce upped their price objective on shares of Aecon Group from C$45.00 to C$48.00 in a research report on Thursday. ATB Cormark Capital Markets upped their price objective on shares of Aecon Group from C$39.00 to C$42.00 and gave the company a “sector perform” rating in a research report on Monday, March 30th. Raymond James Financial increased their target price on Aecon Group from C$41.00 to C$44.00 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. Finally, BMO Capital Markets increased their target price on Aecon Group from C$40.00 to C$45.00 and gave the stock an “outperform” rating in a report on Monday, March 30th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$44.58.

Aecon Group Price Performance

ARE opened at C$46.00 on Thursday. The company has a quick ratio of 1.27, a current ratio of 1.10 and a debt-to-equity ratio of 65.17. Aecon Group has a 12 month low of C$15.21 and a 12 month high of C$46.03. The company has a fifty day simple moving average of C$39.77 and a 200 day simple moving average of C$32.80. The stock has a market cap of C$3.15 billion, a P/E ratio of 200.00, a P/E/G ratio of 18.18 and a beta of 0.97.

Aecon Group (TSE:ARE) last released its quarterly earnings data on Thursday, March 5th. The company reported C$0.52 EPS for the quarter. Aecon Group had a net margin of 0.28% and a return on equity of 1.66%. The business had revenue of C$1.54 billion during the quarter. On average, research analysts expect that Aecon Group will post 1.3793321 EPS for the current year.

Aecon Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd were issued a dividend of $0.1925 per share. This represents a $0.77 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, March 23rd. Aecon Group’s dividend payout ratio is 330.43%.

Insider Transactions at Aecon Group

In other Aecon Group news, Director Eric Stuart Rosenfeld sold 125,000 shares of the stock in a transaction dated Friday, March 27th. The stock was sold at an average price of C$41.64, for a total transaction of C$5,205,000.00. Following the completion of the transaction, the director owned 184,200 shares in the company, valued at approximately C$7,670,088. This represents a 40.43% decrease in their position. Company insiders own 0.82% of the company’s stock.

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.