Aecon Group Inc. (TSE:ARE) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Aecon Group Inc. (TSE:ARE) have been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is C$20.07.

A number of equities research analysts recently weighed in on ARE shares. Royal Bank of Canada boosted their price objective on shares of Aecon Group from C$13.00 to C$17.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Stifel Nicolaus upped their target price on Aecon Group from C$25.00 to C$30.00 in a report on Monday. CIBC dropped their price target on Aecon Group from C$23.00 to C$22.00 in a research report on Thursday, July 11th. National Bank Financial upgraded Aecon Group from a “hold” rating to a “strong-buy” rating in a research report on Sunday, July 28th. Finally, BMO Capital Markets dropped their target price on Aecon Group from C$17.50 to C$16.50 in a research report on Wednesday, July 24th.

Aecon Group Price Performance

The stock has a market cap of C$1.21 billion, a P/E ratio of -71.19, a PEG ratio of 18.18 and a beta of 1.12. The business’s 50-day simple moving average is C$16.56 and its 200 day simple moving average is C$16.52. The company has a quick ratio of 1.27, a current ratio of 1.35 and a debt-to-equity ratio of 32.86. Aecon Group has a twelve month low of C$8.42 and a twelve month high of C$19.42.

Aecon Group (TSE:ARE) last issued its earnings results on Wednesday, July 24th. The company reported C($1.99) EPS for the quarter, topping the consensus estimate of C($2.53) by C$0.54. The company had revenue of C$853.80 million during the quarter, compared to analyst estimates of C$1.01 billion. Aecon Group had a return on equity of 1.40% and a net margin of 0.32%. As a group, sell-side analysts anticipate that Aecon Group will post 1.4544025 EPS for the current year.

Aecon Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 2nd. Stockholders of record on Friday, September 20th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of ?. The ex-dividend date of this dividend is Friday, September 20th. Aecon Group’s dividend payout ratio is presently -281.48%.

Insider Buying and Selling

In related news, Director Scott Stewart acquired 10,000 shares of the business’s stock in a transaction on Monday, July 29th. The shares were purchased at an average price of C$16.54 per share, for a total transaction of C$165,380.00. In other Aecon Group news, Director Scott Stewart purchased 10,000 shares of the stock in a transaction dated Monday, July 29th. The shares were acquired at an average price of C$16.54 per share, for a total transaction of C$165,380.00. Also, Senior Officer Timothy John Murphy bought 4,244 shares of the stock in a transaction on Thursday, August 8th. The shares were acquired at an average cost of C$17.66 per share, for a total transaction of C$74,969.84. Insiders have purchased 16,549 shares of company stock worth $274,762 in the last three months. 0.82% of the stock is currently owned by 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.