Aecon Group Inc. (TSE:ARE) Stock Has Consensus Price Target of C$55.08

Key Points

• Aecon Group has a “Moderate Buy” consensus rating from 11 analysts, with six buys and five holds. The average 12-month price target is C$55.08, while recent targets range from C$54 to C$65.
• The stock opened at C$52.31 and has gained 1.8%, trading between a 52-week low of C$22.91 and high of C$57.72. Aecon reported quarterly EPS of C$0.33 on revenue of C$1.63 billion, but posted a negative net margin of 1.10%.
• Aecon declared a quarterly dividend of C$0.1925, equivalent to C$0.77 annually and a 1.5% yield. Recent insider activity was mixed: a director bought nearly C$200,000 of shares, while other insiders sold shares.

Aecon Group Inc. (TSE:ARE - Get Free Report) has received an average rating of "Moderate Buy" from the eleven research firms that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$55.08.

Several brokerages have weighed in on ARE. Desjardins raised their target price on shares of Aecon Group from C$55.00 to C$61.00 and gave the company a "hold" rating in a research note on Monday, July 6th. TD reduced their price target on Aecon Group from C$62.00 to C$61.00 and set a "buy" rating on the stock in a research report on Friday, June 26th. National Bank Financial increased their price objective on Aecon Group from C$59.00 to C$65.00 and gave the company an "outperform" rating in a report on Monday, July 13th. Stifel Nicolaus raised Aecon Group from a "hold" rating to a "buy" rating and raised their price objective for the stock from C$46.00 to C$54.00 in a research report on Friday, June 26th. Finally, Raymond James Financial raised Aecon Group from a "hold" rating to a "moderate buy" rating and raised their price objective for the stock from C$52.00 to C$60.00 in a research report on Friday, July 3rd.

Aecon Group Stock Up 1.8%

TSE:ARE opened at C$52.31 on Wednesday. Aecon Group has a fifty-two week low of C$22.91 and a fifty-two week high of C$57.72. The stock has a market capitalization of C$3.58 billion, a P/E ratio of -55.06, 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. The company's 50-day simple moving average is C$46.82 and its 200-day simple moving average is C$46.55.

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

Aecon Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, October 2nd will be paid a $0.1925 dividend. The ex-dividend date is Tuesday, September 22nd. This represents a $0.77 dividend on an annualized basis and a yield of 1.5%. Aecon Group's dividend payout ratio (DPR) is -80.53%.

Insider Activity

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

About Aecon Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.