Desjardins Trims Aecon Group (TSE:ARE) Target Price to C$18.00

Aecon Group (TSE:ARE) had its price target decreased by Desjardins from C$20.00 to C$18.00 in a research report released on Tuesday morning, BayStreet.CA reports. Desjardins currently has a buy rating on the stock. Desjardins also issued estimates for Aecon Group’s FY2025 earnings at $1.07 EPS.

ARE has been the subject of several other research reports. Royal Bank of Canada reduced their target price on shares of Aecon Group from C$16.00 to C$13.00 and set a sector perform rating for the company in a report on Tuesday. Stifel Nicolaus lifted their target price on shares of Aecon Group from C$17.00 to C$18.25 in a report on Friday, April 26th. BMO Capital Markets lifted their target price on shares of Aecon Group from C$17.50 to C$18.50 in a report on Friday, April 26th. TD Securities boosted 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 report on Friday, March 8th. Finally, ATB Capital boosted their price objective on shares of Aecon Group from C$19.50 to C$21.00 and gave the company an outperform rating in a report on Friday, April 26th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of C$18.32.

Aecon Group Trading Up 0.6 %

Shares of Aecon Group stock opened at C$14.59 on Tuesday. The business has a fifty day simple moving average of C$16.59 and a two-hundred day simple moving average of C$15.49. Aecon Group has a 1 year low of C$8.42 and a 1 year high of C$17.40. The company has a market capitalization of C$908.52 million, a price-to-earnings ratio of 6.79, a P/E/G ratio of 18.18 and a beta of 1.19. The company has a debt-to-equity ratio of 28.71, a current ratio of 1.50 and a quick ratio of 1.27.

Aecon Group (TSE:ARE) last announced its earnings results on Wednesday, April 24th. The company reported C($0.10) EPS for the quarter, topping the consensus estimate of C($0.14) by C$0.04. The business had revenue of C$846.59 million during the quarter, compared to the consensus estimate of C$1.03 billion. Aecon Group had a net margin of 3.77% and a return on equity of 16.62%. Research analysts forecast that Aecon Group will post 0.9104803 EPS for the current year.

Aecon Group Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Friday, June 21st. This represents a $0.76 annualized dividend and a yield of 5.21%. Aecon Group’s dividend payout ratio is currently 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.