Aecon Group Inc. (TSE:ARE) Given Consensus Rating of “Hold” by Brokerages

Aecon Group Inc. (TSE:ARE) has been assigned an average recommendation of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$39.38.

Several research analysts have issued reports on the company. National Bank Financial increased their price objective on Aecon Group from C$35.00 to C$45.00 and gave the stock an “outperform” rating in a research report on Monday, March 9th. ATB Cormark Capital Markets boosted their target price on shares of Aecon Group from C$35.00 to C$39.00 and gave the stock a “sector perform” rating in a research report on Monday, March 9th. Royal Bank Of Canada upped their price target on shares of Aecon Group from C$30.00 to C$41.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 10th. Canaccord Genuity Group increased their price target on shares of Aecon Group from C$40.00 to C$52.00 and gave the company a “buy” rating in a report on Monday, March 9th. Finally, Raymond James Financial raised their price objective on shares of Aecon Group from C$33.00 to C$41.00 and gave the company a “market perform” rating in a research note on Tuesday, March 10th.

Aecon Group Price Performance

Shares of ARE opened at C$42.06 on Friday. Aecon Group has a twelve month low of C$15.21 and a twelve month high of C$43.32. The stock’s 50 day moving average is C$37.11 and its two-hundred day moving average is C$30.59. The firm has a market capitalization of C$2.66 billion, a PE ratio of 300.43, a P/E/G ratio of 18.18 and a beta of 1.10. The company has a current ratio of 1.10, a quick ratio of 1.27 and a debt-to-equity ratio of 65.17.

Aecon Group (TSE:ARE) last issued its earnings results on Thursday, March 5th. The company reported C$0.52 earnings per share (EPS) for the quarter. The business had revenue of C$1.54 billion during the quarter. Aecon Group had a return on equity of 1.66% and a net margin of 0.28%. Research analysts anticipate that Aecon Group will post 1.3793321 earnings per share for the current year.

Aecon Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.1925 per share. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, March 23rd. Aecon Group’s dividend payout ratio (DPR) is presently 542.86%.

Aecon Group Company Profile

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.