Stifel Nicolaus Increases Aecon Group (TSE:ARE) Price Target to C$30.00

Aecon Group (TSE:ARE) had its target price lifted by Stifel Nicolaus from C$25.00 to C$30.00 in a research note published on Monday, BayStreet.CA reports.

A number of other equities analysts have also weighed in on ARE. National Bankshares upgraded Aecon Group from a sector perform rating to an outperform rating and lifted their price objective for the company from C$17.00 to C$20.50 in a research note on Monday, July 29th. TD Securities dropped their price objective on Aecon Group from C$17.00 to C$16.00 and set a hold rating on the stock in a report on Friday, July 26th. CIBC cut their target price on shares of Aecon Group from C$23.00 to C$22.00 in a research note on Thursday, July 11th. BMO Capital Markets lowered their price target on Aecon Group from C$17.50 to C$16.50 in a research note on Wednesday, July 24th. Finally, Canaccord Genuity Group lowered their price target on shares of Aecon Group from C$26.00 to C$25.00 and set a buy rating on the stock in a research report on Wednesday, July 3rd. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Aecon Group currently has a consensus rating of Moderate Buy and a consensus target price of C$20.07.

Aecon Group Stock Performance

The company’s 50-day moving average is C$16.73 and its 200 day moving average is C$16.60. The firm has a market cap of C$1.21 billion, a price-to-earnings ratio of -71.44, a price-to-earnings-growth ratio of 18.18 and a beta of 1.12. Aecon Group has a 52 week low of C$8.42 and a 52 week high of C$20.22. The company has a debt-to-equity ratio of 32.86, a current ratio of 1.35 and a quick ratio of 1.27.

Aecon Group (TSE:ARE) last announced its quarterly earnings data on Wednesday, July 24th. The company reported C($1.99) earnings per share for the quarter, beating analysts’ consensus estimates of C($2.53) by C$0.54. The firm had revenue of C$853.80 million for the quarter, compared to analyst estimates of C$1.01 billion. Aecon Group had a net margin of 0.32% and a return on equity of 1.40%. On average, sell-side analysts predict that Aecon Group will post 1.3804945 EPS for the current fiscal year.

Aecon Group Announces Dividend

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

Insider Transactions at Aecon Group

In other news, Director Scott Stewart acquired 10,000 shares of the business’s stock in a transaction dated Monday, July 29th. The stock was acquired at an average price of C$16.54 per share, with a total value of C$165,380.00. In other Aecon Group news, Director Scott Stewart acquired 10,000 shares of the firm’s stock in a transaction on Monday, July 29th. The stock was bought at an average cost 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 dated Thursday, August 8th. The stock was bought at an average price of C$17.66 per share, with a total value of C$74,969.84. Insiders have bought 16,549 shares of company stock valued at $274,762 in the last quarter. 0.82% 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.