Aecon Group (TSE:ARE) Price Target Increased to C$21.00 by Analysts at ATB Capital

Aecon Group (TSE:ARE) had its price objective hoisted by ATB Capital from C$19.50 to C$21.00 in a research report report published on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

ARE has been the subject of a number of other research reports. CIBC lifted their target price on Aecon Group from C$22.00 to C$23.00 and gave the company an outperform rating in a report on Friday. BMO Capital Markets lifted their price target on Aecon Group from C$17.50 to C$18.50 in a research report on Friday. Stifel Nicolaus lifted their price target on Aecon Group from C$17.00 to C$18.25 in a research report on Friday. TD Securities lifted their price target on Aecon Group from C$14.00 to C$18.50 and gave the company a hold rating in a research report on Friday, March 8th. Finally, National Bankshares lifted their price target on Aecon Group from C$15.00 to C$18.00 and gave the company a sector perform rating in a research report on Friday. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Aecon Group presently has a consensus rating of Moderate Buy and a consensus target price of C$19.17.

Aecon Group Stock Down 0.4 %

ARE stock opened at C$17.05 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.42 and a debt-to-equity ratio of 39.29. The firm has a market capitalization of C$1.06 billion, a PE ratio of 8.12, a PEG ratio of 18.18 and a beta of 1.16. Aecon Group has a twelve month low of C$8.42 and a twelve month high of C$17.40. The stock has a 50-day simple moving average of C$16.15 and a two-hundred day simple moving average of C$13.58.

Aecon Group (TSE:ARE) last posted its earnings results 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 return on equity of 16.04% and a net margin of 3.49%. On average, equities analysts predict that Aecon Group will post 0.7603047 EPS for the current fiscal year.

Aecon Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, March 22nd were given a $0.19 dividend. This is an increase from Aecon Group’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.76 dividend on an annualized basis and a yield of 4.46%. Aecon Group’s payout ratio is presently 36.19%.

Insider Buying and Selling

In related news, Senior Officer Adam Robert Borgatti purchased 4,231 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were acquired at an average cost of C$13.07 per share, with a total value of C$55,299.17. In related news, Senior Officer Adam Robert Borgatti purchased 4,231 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were acquired at an average cost of C$13.07 per share, with a total value of C$55,299.17. Also, Senior Officer Martina Doyle sold 2,265 shares of Aecon Group stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total value of C$37,191.30. 1.72% of the stock is currently owned by corporate insiders.

About Aecon Group

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.