Aecon Group Inc. (TSE:ARE – Get Rating) has earned an average rating of "Hold" from the thirteen analysts that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$14.85.
A number of equities research analysts have weighed in on ARE shares. Desjardins reiterated a "hold" rating on shares of Aecon Group in a report on Monday, August 1st. Atb Cap Markets downgraded Aecon Group from an "outperform" rating to a "sector perform" rating in a report on Tuesday, August 2nd. TD Securities downgraded Aecon Group from a "buy" rating to a "hold" rating and decreased their price objective for the company from C$19.50 to C$12.50 in a report on Tuesday, August 2nd. Raymond James decreased their price objective on Aecon Group from C$21.00 to C$17.00 and set an "outperform" rating for the company in a report on Tuesday, August 2nd. Finally, National Bankshares decreased their price objective on Aecon Group from C$18.00 to C$13.00 and set a "sector perform" rating for the company in a report on Tuesday, August 2nd.
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Aecon Group Trading Up 1.7 %
Shares of ARE stock opened at C$11.87 on Friday. The company has a market cap of C$723.54 million and a P/E ratio of 29.68. The stock has a 50 day simple moving average of C$11.61 and a two-hundred day simple moving average of C$13.91. The company has a debt-to-equity ratio of 110.06, a quick ratio of 1.26 and a current ratio of 1.38. Aecon Group has a fifty-two week low of C$10.52 and a fifty-two week high of C$21.74.
Aecon Group (TSE:ARE – Get Rating) last issued its earnings results on Thursday, July 28th. The company reported C($0.10) earnings per share for the quarter, missing analysts' consensus estimates of C$0.22 by C($0.32). The business had revenue of C$1.12 billion during the quarter, compared to analyst estimates of C$997.47 million. Research analysts forecast that Aecon Group will post 0.8000001 earnings per share for the current year.
Aecon Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Investors of record on Tuesday, October 4th will be given a dividend of $0.185 per share. The ex-dividend date is Thursday, September 22nd. This represents a $0.74 annualized dividend and a dividend yield of 6.23%. Aecon Group's payout ratio is 180.00%.
About Aecon Group
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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 primarily on the civil infrastructure, urban transportation systems, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.
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