Aecon Group Inc. (TSE:ARE) Stock Has Consensus Price Target of C$55.17 According to Brokerages

Aecon Group Inc. (TSE:ARE) has been given an average recommendation of “Moderate Buy” by the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is C$55.17.

A number of research firms recently commented on ARE. Desjardins boosted their target price on Aecon Group from C$55.00 to C$61.00 and gave the stock a “hold” rating in a research report on Monday, July 6th. National Bank Financial increased their price objective on shares of Aecon Group from C$64.00 to C$66.00 and gave the company an “outperform” rating in a research note on Thursday, October 15th. Finally, Raymond James Financial raised shares of Aecon Group from a “hold” rating to a “moderate buy” rating and increased their target price for the company from C$52.00 to C$60.00 in a research report on Friday, July 3rd.

Aecon Group Stock Up 0.4%

ARE opened at C$53.46 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.27 and a debt-to-equity ratio of 84.23. Aecon Group has a 1-year low of C$25.05 and a 1-year high of C$59.96. The company has a market capitalization of C$3.66 billion, a PE ratio of -56.27, a PEG ratio of 18.18 and a beta of 1.16. The firm’s 50 day simple moving average is C$49.22 and its two-hundred day simple moving average is C$45.17.

Aecon Group (TSE:ARE) last announced its quarterly earnings data on Thursday, October 29th. The company reported C$0.86 earnings per share (EPS) for the quarter. The firm had revenue of C$1.92 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, equities analysts forecast that Aecon Group will post 1.38 EPS for the current year.

Aecon Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, October 2nd were issued a $0.1925 dividend. This represents a $0.77 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, September 22nd. Aecon Group’s dividend payout ratio (DPR) is currently -80.53%.

Insider Transactions at Aecon Group

In related news, 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 value 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. This trade represents a 35.90% decrease in their position. Also, Director Scott Stewart acquired 4,455 shares of the firm’s stock in a transaction that occurred on Friday, August 28th. The stock was bought at an average cost of C$44.89 per share, with a total value of C$199,984.95. Following the completion of the transaction, the director directly owned 24,484 shares in the company, valued at C$1,099,086.76. The trade was a 22.24% increase in their ownership of the stock. Insiders have sold 7,500 shares of company stock worth $343,875 in the last 90 days. Insiders own 0.82% of the company’s stock.

About Aecon Group

Aecon Group Inc (TSX: ARE) is a North American construction and infrastructure development company with global experience. Aecon delivers integrated solutions to private and public-sector clients through its Construction segment in the Civil, Urban Transportation, Nuclear, Utility and Industrial sectors, and provides project development, financing, investment, management, and operations and maintenance services through its Concessions segment.