Aecon Group (TSE:ARE) Given New C$28.00 Price Target at Raymond James

Aecon Group (TSE:ARE) had its target price boosted by Raymond James from C$24.00 to C$28.00 in a research report released on Tuesday morning,BayStreet.CA reports. Raymond James also issued estimates for Aecon Group’s Q4 2024 earnings at $0.31 EPS, FY2024 earnings at ($0.85) EPS, Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.06 EPS, Q3 2025 earnings at $0.98 EPS, Q4 2025 earnings at $0.45 EPS and FY2025 earnings at $1.50 EPS.

ARE has been the subject of a number of other research reports. National Bankshares upgraded Aecon Group from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$17.00 to C$20.50 in a research note on Monday, July 29th. Royal Bank of Canada lifted their price target on shares of Aecon Group from C$13.00 to C$17.00 and gave the stock a “sector perform” rating in a report on Monday, July 29th. BMO Capital Markets boosted their target price on shares of Aecon Group from C$16.50 to C$27.00 in a report on Monday. Stifel Nicolaus boosted their target price on shares of Aecon Group from C$30.00 to C$31.00 in a report on Friday, October 4th. Finally, TD Securities upgraded shares of Aecon Group from a “hold” rating to a “buy” rating and boosted their price target for the company from C$23.00 to C$35.00 in a research report on Monday. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Aecon Group currently has a consensus rating of “Moderate Buy” and a consensus price target of C$25.94.

Aecon Group Stock Performance

Shares of ARE opened at C$29.07 on Tuesday. The company has a debt-to-equity ratio of 32.86, a current ratio of 1.35 and a quick ratio of 1.27. The stock has a 50-day moving average of C$21.48 and a 200-day moving average of C$18.19. The company has a market cap of C$1.82 billion, a PE ratio of -107.67, a P/E/G ratio of 18.18 and a beta of 1.13. Aecon Group has a one year low of C$10.30 and a one year high of C$29.50.

Aecon Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend was Friday, September 20th. Aecon Group’s payout ratio is -281.48%.

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.