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

Aecon Group Inc. (TSE:ARE) has received a consensus rating of “Hold” from the twelve brokerages that are covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$18.32.

ARE has been the topic of a number of recent research reports. ATB Capital increased their price objective on Aecon Group from C$19.50 to C$21.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. BMO Capital Markets downgraded shares of Aecon Group from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from C$18.50 to C$17.50 in a report on Tuesday. National Bankshares boosted their price objective on shares of Aecon Group from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Friday, April 26th. TD Securities lowered their target price on shares of Aecon Group from C$18.00 to C$17.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, Paradigm Capital raised their price target on shares of Aecon Group from C$14.00 to C$17.80 and gave the company a “hold” rating in a report on Friday, April 26th.

Aecon Group Price Performance

Shares of TSE:ARE opened at C$14.50 on Thursday. The firm has a market capitalization of C$902.92 million, a PE ratio of 6.74, a P/E/G ratio of 18.18 and a beta of 1.19. The company has a quick ratio of 1.27, a current ratio of 1.50 and a debt-to-equity ratio of 28.71. The company has a 50-day moving average price of C$16.64 and a two-hundred day moving average price of C$15.49. Aecon Group has a twelve month low of C$8.42 and a twelve month high of C$17.40.

Aecon Group (TSE:ARE) last released its quarterly earnings data on Wednesday, April 24th. The company reported C($0.10) earnings per share for the quarter, beating 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 analyst estimates of C$1.03 billion. Aecon Group had a net margin of 3.77% and a return on equity of 16.62%. Equities analysts forecast that Aecon Group will post 0.9104803 EPS for the current year.

Aecon Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, July 3rd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date of this dividend was Friday, June 21st. Aecon Group’s payout ratio is 35.35%.

Aecon Group Company Profile

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.