Aecon Group (TSE:ARE) Price Target Increased to C$17.00 by Analysts at Raymond James

Aecon Group (TSE:ARE) had its price objective increased by Raymond James from C$16.00 to C$17.00 in a report released on Friday morning, BayStreet.CA reports. They currently have a market perform rating on the stock. Raymond James also issued estimates for Aecon Group’s Q4 2024 earnings at $0.64 EPS, Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.64 EPS and Q4 2025 earnings at $0.73 EPS.

Several other equities research analysts have also recently weighed in on the stock. CIBC increased their price objective on shares of Aecon Group from C$22.00 to C$23.00 and gave the stock an outperform rating in a research report on Friday. National Bankshares increased their target price on shares of Aecon Group from C$15.00 to C$18.00 and gave the stock a sector perform rating in a research note on Friday. Canaccord Genuity Group increased their target price on shares of Aecon Group from C$14.00 to C$26.00 and gave the stock a buy rating in a research note on Thursday, March 7th. Desjardins increased their target price on shares of Aecon Group from C$16.00 to C$20.00 and gave the stock a buy rating in a research note on Thursday, March 7th. Finally, Stifel Nicolaus increased their target price on shares of Aecon Group from C$17.00 to C$18.25 in a research note on Friday. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of C$19.17.

Aecon Group Trading Down 0.4 %

Shares of Aecon Group stock opened at C$16.98 on Friday. The firm has a market capitalization of C$1.06 billion, a PE ratio of 8.09, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16. The company has a current ratio of 1.42, a quick ratio of 1.27 and a debt-to-equity ratio of 39.29. The firm’s 50 day moving average is C$16.21 and its 200 day moving average is C$13.66. Aecon Group has a 1 year low of C$8.42 and a 1 year high of C$17.40.

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, topping analysts’ consensus estimates of C($0.14) by C$0.04. Aecon Group had a net margin of 3.49% and a return on equity of 16.04%. The firm had revenue of C$846.59 million for the quarter, compared to analyst estimates of C$1.03 billion. Equities research analysts forecast that Aecon Group will post 0.7603047 earnings per share for the current fiscal year.

Aecon Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, March 22nd were paid 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 annualized dividend and a dividend yield of 4.48%. Aecon Group’s dividend payout ratio (DPR) is presently 36.19%.

Insider Transactions at Aecon Group

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

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.