Aecon Group (TSE:ARE) Stock Rating Upgraded by National Bank Financial

National Bank Financial upgraded shares of Aecon Group (TSE:ARE) from a hold rating to a strong-buy rating in a research report released on Sunday morning,Zacks.com reports. National Bank Financial also issued estimates for Aecon Group’s Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.64 EPS, Q4 2025 earnings at $0.36 EPS, FY2025 earnings at $1.44 EPS and FY2026 earnings at $1.74 EPS.

A number of other analysts have also recently weighed in on ARE. Stifel Canada cut shares of Aecon Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 6th. Royal Bank of Canada decreased their target price on Aecon Group from C$27.00 to C$20.00 in a research report on Monday. BMO Capital Markets dropped their target price on Aecon Group from C$29.00 to C$24.00 in a report on Friday. TD Securities decreased their price target on Aecon Group from C$35.00 to C$30.00 and set a “buy” rating for the company in a report on Friday. Finally, Stifel Nicolaus lowered shares of Aecon Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$31.00 to C$19.00 in a research note on Friday. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$25.25.

Aecon Group Trading Up 0.4 %

TSE ARE opened at C$18.03 on Friday. The company has a debt-to-equity ratio of 32.84, a quick ratio of 1.27 and a current ratio of 1.19. Aecon Group has a one year low of C$13.03 and a one year high of C$29.70. The company’s 50 day moving average price is C$24.19 and its 200 day moving average price is C$23.92. The firm has a market capitalization of C$1.14 billion, a price-to-earnings ratio of -17.74, a PEG ratio of 18.18 and a beta of 1.13.

Aecon Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 24th. This represents a $0.76 dividend on an annualized basis and a yield of 4.22%. Aecon Group’s dividend payout ratio (DPR) is -74.76%.

Insiders Place Their Bets

In related news, Director Stuart Lee bought 5,700 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were acquired at an average price of C$18.35 per share, for a total transaction of C$104,595.00. 0.82% of the stock is owned by company insiders.

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.