Aecon Group (TSE:ARE) Downgraded to Hold Rating by National Bank Financial

National Bank Financial cut shares of Aecon Group (TSE:ARE - Free Report) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports. National Bank Financial also issued estimates for Aecon Group's Q2 2025 earnings at $0.13 EPS, FY2025 earnings at $0.51 EPS and FY2026 earnings at $1.82 EPS.

ARE has been the subject of a number of other reports. TD Securities cut their price objective on shares of Aecon Group from C$23.00 to C$20.00 and set a "buy" rating for the company in a research report on Friday, April 25th. BMO Capital Markets cut their price objective on shares of Aecon Group from C$20.00 to C$19.00 in a research report on Friday, April 25th. CIBC cut their price objective on shares of Aecon Group from C$31.00 to C$24.00 in a research report on Friday, April 25th. Raymond James Financial cut their price objective on shares of Aecon Group from C$23.00 to C$21.00 in a research report on Monday, April 28th. Finally, Stifel Canada upgraded shares of Aecon Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$22.90.

Aecon Group Stock Performance

ARE traded down C$0.20 during trading on Monday, hitting C$20.02. 180,933 shares of the company traded hands, compared to its average volume of 419,358. The firm has a market cap of C$1.27 billion, a P/E ratio of -19.69, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The stock's fifty day moving average is C$19.63 and its 200 day moving average is C$20.31. 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 has a one year low of C$13.03 and a one year high of C$29.70.

Aecon Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Thursday, July 3rd were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend was Monday, June 23rd. Aecon Group's dividend payout ratio (DPR) is presently -74.76%.

Insider Activity

In other Aecon Group news, Director Deborah Susan Stein acquired 5,000 shares of the stock in a transaction dated Wednesday, June 4th. The shares were purchased at an average price of C$18.90 per share, for a total transaction of C$94,500.00. Also, Director Leslie Compton Kass acquired 6,325 shares of the stock in a transaction dated Tuesday, June 10th. The stock was acquired at an average price of C$19.44 per share, for a total transaction of C$122,953.83. In the last 90 days, insiders have acquired 21,825 shares of company stock worth $419,159. Corporate 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.