Aecon Group - ARE Stock Forecast, Price & News

Aecon Group Inc., together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses primarily on the civil infrastructure, urban transportation systems, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors. The Concessions segment engages in the development, building, construction, financing, and operation of construction projects by way of public-private partnership contract structures. The company was formerly known as Prefac Concrete Co. Ltd. and changed its name to Aecon Group Inc. in June 2001. Aecon Group Inc. was founded in 1877 and is headquartered in Toronto, Canada.

Analysts Set New Price Targets

ARE has been the topic of several research analyst reports. Desjardins reaffirmed a "hold" rating on shares of Aecon Group in a research report on Monday, August 1st. National Bankshares cut their price target on Aecon Group from C$18.00 to C$13.00 and set a "sector perform" rating on the stock in a research note on Tuesday, August 2nd. Atb Cap Markets lowered shares of Aecon Group from an "outperform" rating to a "sector perform" rating in a research note on Tuesday, August 2nd. ATB Capital reduced their price target on shares of Aecon Group from C$18.25 to C$14.00 in a report on Tuesday, August 2nd. Finally, Stifel Nicolaus lowered their price target on shares of Aecon Group from C$14.00 to C$11.00 in a research report on Tuesday, August 2nd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of C$15.41.

Aecon Group Stock Performance

Shares of ARE opened at C$11.35 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 110.06. The firm has a market cap of C$691.84 million and a PE ratio of 28.38. Aecon Group has a 12 month low of C$10.57 and a 12 month high of C$22.28. The stock has a fifty day moving average price of C$12.47 and a 200-day moving average price of C$14.78.

Aecon Group (TSE:ARE - Get Rating) last announced its earnings results on Thursday, July 28th. The company reported C($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.22 by C($0.32). The company had revenue of C$1.12 billion during the quarter, compared to the consensus estimate of C$997.47 million. Equities research analysts predict that Aecon Group will post 0.83 earnings per share for the current fiscal year.

Aecon Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 5th. Investors of record on Tuesday, July 5th were paid a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date of this dividend was Thursday, June 23rd. Aecon Group's dividend payout ratio (DPR) is presently 180.00%.