Aecon Group Inc. (TSE:ARE) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Aecon Group has a “Moderate Buy” consensus among 11 analysts, with six buy ratings and five holds. The average 12-month price target is C$55.08, compared with a recent share price of about C$45.06.
• Analyst targets have generally remained constructive, with National Bank Financial raising its target to C$65 and Stifel upgrading the stock to “buy,” while Desjardins maintained a “hold” despite lifting its target to C$61.
• Recent financial results showed C$0.33 in quarterly EPS on C$1.63 billion in revenue, but the company reported a negative net margin and return on equity. Aecon also pays a quarterly dividend of C$0.1925, or C$0.77 annually, for a yield of approximately 1.7%.

Aecon Group Inc. (TSE:ARE - Get Free Report) has received a consensus rating of "Moderate Buy" from the eleven research firms that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$55.08.

ARE has been the subject of several analyst reports. Desjardins raised their price objective on shares of Aecon Group from C$55.00 to C$61.00 and gave the stock a "hold" rating in a report on Monday, July 6th. Canaccord Genuity Group increased their target price on Aecon Group from C$56.00 to C$57.00 and gave the stock a "buy" rating in a research report on Monday, June 29th. TD cut their price target on Aecon Group from C$62.00 to C$61.00 and set a "buy" rating for the company in a report on Friday, June 26th. Stifel Nicolaus upgraded Aecon Group from a "hold" rating to a "buy" rating and lifted their price target for the company from C$46.00 to C$54.00 in a research report on Friday, June 26th. Finally, National Bank Financial lifted their price target on Aecon Group from C$59.00 to C$65.00 and gave the company an "outperform" rating in a research report on Monday, July 13th.

Insider Transactions at Aecon Group

In related news, Director Scott Stewart purchased 4,455 shares of the firm's stock in a transaction dated Friday, August 28th. The shares were purchased at an average cost of C$44.89 per share, for a total transaction of C$199,984.95. Following the completion of the transaction, the director directly owned 24,484 shares in the company, valued at approximately C$1,099,086.76. This represents a 22.24% increase in their position. Also, insider Steven Neil Nackan sold 4,500 shares of the company's stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of C$45.55, for a total value of C$204,975.00. Following the sale, the insider owned 8,035 shares in the company, valued at approximately C$365,994.25. This represents a 35.90% decrease in their ownership of the stock. Insiders have sold a total of 7,500 shares of company stock valued at $343,875 in the last ninety days. Insiders own 0.82% of the company's stock.

Aecon Group Trading Up 3.2%

Shares of Aecon Group stock opened at C$45.06 on Friday. Aecon Group has a 52-week low of C$20.58 and a 52-week high of C$57.72. The stock's 50-day simple moving average is C$47.32 and its 200 day simple moving average is C$45.31. The stock has a market capitalization of C$3.09 billion, a P/E ratio of -47.43, a P/E/G ratio of 18.18 and a beta of 1.39. The company has a debt-to-equity ratio of 84.23, a quick ratio of 1.27 and a current ratio of 1.08.

Aecon Group (TSE:ARE - Get Free Report) last issued its earnings results on Thursday, July 30th. The company reported C$0.33 earnings per share for the quarter. The firm had revenue of C$1.63 billion during the quarter. Aecon Group had a negative net margin of 1.10% and a negative return on equity of 6.76%. As a group, research analysts anticipate that Aecon Group will post 1.3793321 EPS for the current year.

Aecon Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd were paid a $0.1925 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.77 annualized dividend and a yield of 1.7%. Aecon Group's dividend payout ratio (DPR) is currently -80.53%.

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.

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