Aecon Group (TSE:ARE) Stock Passes Above 200-Day Moving Average – Should You Sell?

Aecon Group Inc. (TSE:ARE)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$21.75 and traded as high as C$26.68. Aecon Group shares last traded at C$25.42, with a volume of 664,052 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ARE. National Bankshares raised their price objective on Aecon Group from C$23.00 to C$26.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 24th. BMO Capital Markets increased their target price on shares of Aecon Group from C$25.00 to C$30.00 in a report on Friday, October 31st. Atb Cap Markets cut shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 30th. ATB Capital lowered shares of Aecon Group from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from C$28.00 to C$32.00 in a research report on Friday, October 31st. Finally, TD Securities increased their price objective on shares of Aecon Group from C$34.00 to C$39.00 and gave the stock a “buy” rating in a research note on Sunday, November 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$33.00.

Aecon Group Stock Up 3.9%

The company has a current ratio of 1.19, a quick ratio of 1.27 and a debt-to-equity ratio of 32.84. The company has a 50-day simple moving average of C$25.81 and a 200 day simple moving average of C$21.85. The company has a market cap of C$1.70 billion, a P/E ratio of 191.79, a P/E/G ratio of 18.18 and a beta of 1.51.

Aecon Group (TSE:ARE) last issued its earnings results on Wednesday, October 29th. The company reported C$0.60 earnings per share (EPS) for the quarter. The firm had revenue of C$1.53 billion during the quarter. Aecon Group had a negative net margin of 1.56% and a negative return on equity of 6.40%. On average, equities analysts anticipate that Aecon Group Inc. will post 1.3793321 EPS for the current year.

Aecon Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Thursday, October 2nd were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, September 22nd. Aecon Group’s payout ratio is currently 542.86%.

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.