Aecon Group (TSE:ARE) PT Lowered to C$25.00 at Canaccord Genuity Group

Aecon Group (TSE:ARE) had its price objective decreased by Canaccord Genuity Group from C$26.00 to C$25.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on ARE. CIBC increased their price objective on Aecon Group from C$22.00 to C$23.00 and gave the stock an outperform rating in a research note on Friday, April 26th. ATB Capital increased their price objective on Aecon Group from C$19.50 to C$21.00 and gave the stock an outperform rating in a research note on Friday, April 26th. TD Securities reduced their price objective on Aecon Group from C$18.00 to C$17.00 and set a hold rating for the company in a research note on Tuesday. Raymond James increased their price objective on Aecon Group from C$16.00 to C$17.00 and gave the stock a market perform rating in a research note on Friday, April 26th. Finally, BMO Capital Markets downgraded Aecon Group from an outperform rating to a market perform rating and reduced their price objective for the stock from C$18.50 to C$17.50 in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of Hold and a consensus target price of C$18.32.

Aecon Group Trading Down 3.9 %

Shares of ARE stock opened at C$14.02 on Wednesday. The stock has a 50-day simple moving average of C$16.53 and a 200 day simple moving average of C$15.50. Aecon Group has a fifty-two week low of C$8.42 and a fifty-two week high of C$17.40. The stock has a market capitalization of C$873.03 million, a P/E ratio of 6.52, a P/E/G ratio of 18.18 and a beta of 1.19. The company has a quick ratio of 1.27, a current ratio of 1.50 and a debt-to-equity ratio of 28.71.

Aecon Group (TSE:ARE) last announced its earnings results on Wednesday, April 24th. The company reported C($0.10) earnings per share for the quarter, beating the consensus estimate of C($0.14) by C$0.04. Aecon Group had a return on equity of 16.62% and a net margin of 3.77%. The business had revenue of C$846.59 million during the quarter, compared to analysts’ expectations of C$1.03 billion. On average, sell-side analysts expect that Aecon Group will post 0.9104803 earnings per share for the current fiscal year.

Aecon Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Wednesday, July 3rd were given a $0.19 dividend. The ex-dividend date was Friday, June 21st. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.42%. Aecon Group’s dividend payout ratio is currently 35.35%.

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.