Aecon Group (TSE:ARE) Price Target Increased to C$18.00 by Analysts at National Bankshares

Aecon Group (TSE:ARE) had its price objective lifted by National Bankshares from C$15.00 to C$18.00 in a research report report published on Friday, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the stock.

Several other equities research analysts have also recently weighed in on the stock. Desjardins raised their price objective on shares of Aecon Group from C$16.00 to C$20.00 and gave the company a buy rating in a research report on Thursday, March 7th. CIBC raised their price objective on shares of Aecon Group from C$21.00 to C$22.00 and gave the company an outperform rating in a research report on Thursday, April 18th. TD Securities raised their price objective on shares of Aecon Group from C$14.00 to C$18.50 and gave the company a hold rating in a research report on Friday, March 8th. BMO Capital Markets raised their price objective on shares of Aecon Group from C$17.50 to C$18.50 in a research report on Friday. Finally, Stifel Nicolaus lifted their price target on shares of Aecon Group from C$17.00 to C$18.25 in a research report on Friday. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Moderate Buy and an average price target of C$19.17.

Aecon Group Trading Down 0.4 %

Shares of Aecon Group stock opened at C$17.05 on Friday. The stock has a market capitalization of C$1.06 billion, a P/E ratio of 8.12, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16. The company has a quick ratio of 1.27, a current ratio of 1.42 and a debt-to-equity ratio of 39.29. The company has a 50-day simple moving average of C$16.15 and a 200 day simple moving average of C$13.58. Aecon Group has a 12-month low of C$8.42 and a 12-month high of C$17.40.

Aecon Group (TSE:ARE) last announced its earnings results on Wednesday, April 24th. The company reported C($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.14) by C$0.04. The business had revenue of C$846.59 million during the quarter, compared to analysts’ expectations of C$1.03 billion. Aecon Group had a net margin of 3.49% and a return on equity of 16.04%. Research analysts expect that Aecon Group will post 0.7603047 earnings per share for the current fiscal year.

Aecon Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, March 22nd were paid a dividend of $0.19 per share. This is a positive change from Aecon Group’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 21st. This represents a $0.76 annualized dividend and a yield of 4.46%. Aecon Group’s dividend payout ratio (DPR) is presently 36.19%.

Insider Buying and Selling

In related news, Senior Officer Martina Doyle sold 2,265 shares of Aecon Group stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total transaction of C$37,191.30. In related news, Senior Officer Martina Doyle sold 2,265 shares of Aecon Group stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total transaction of C$37,191.30. Also, Director Stuart Lee acquired 7,000 shares of Aecon Group stock in a transaction that occurred on Friday, March 22nd. The shares were purchased at an average cost of C$16.33 per share, for a total transaction of C$114,310.00. 1.72% of the stock is owned by insiders.

About Aecon Group

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 on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.