Aecon Group Inc. (TSE:ARE) Given Average Rating of “Hold” by Analysts

Shares of Aecon Group Inc. (TSE:ARE) have been given a consensus recommendation of “Hold” by the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$39.38.

A number of research analysts have recently weighed in on ARE shares. Royal Bank Of Canada raised their price objective on Aecon Group from C$30.00 to C$41.00 and gave the company a “sector perform” rating in a research report on Tuesday, March 10th. ATB Cormark Capital Markets increased their price target on Aecon Group from C$35.00 to C$39.00 and gave the company a “sector perform” rating in a research note on Monday, March 9th. National Bank Financial raised their price target on Aecon Group from C$35.00 to C$45.00 and gave the company an “outperform” rating in a report on Monday, March 9th. Raymond James Financial lifted their price objective on Aecon Group from C$33.00 to C$41.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 10th. Finally, Canaccord Genuity Group upped their price objective on Aecon Group from C$40.00 to C$52.00 and gave the stock a “buy” rating in a report on Monday, March 9th.

Aecon Group Price Performance

Shares of TSE:ARE opened at C$42.51 on Friday. The company has a debt-to-equity ratio of 65.17, a quick ratio of 1.27 and a current ratio of 1.10. The firm has a fifty day moving average price of C$36.68 and a 200 day moving average price of C$30.36. Aecon Group has a fifty-two week low of C$15.21 and a fifty-two week high of C$43.28. The firm has a market cap of C$2.69 billion, a price-to-earnings ratio of 303.64, a P/E/G ratio of 18.18 and a beta of 1.10.

Aecon Group (TSE:ARE) last announced its quarterly earnings results on Thursday, March 5th. The company reported C$0.52 earnings per share (EPS) for the quarter. The company had revenue of C$1.54 billion for the quarter. Aecon Group had a net margin of 0.28% and a return on equity of 1.66%. As a group, sell-side analysts expect that Aecon Group will post 1.3793321 earnings per share for the current fiscal year.

Aecon Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd will be given a $0.1925 dividend. This represents a $0.77 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, March 23rd. Aecon Group’s payout ratio is currently 542.86%.

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. Aecon generates the majority of its revenue from the Construction segment.