Aecon Group Inc. (TSE:ARE - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$22.46 and traded as high as C$26.04. Aecon Group shares last traded at C$25.00, with a volume of 408,978 shares traded.
Analyst Ratings Changes
A number of brokerages recently issued reports on ARE. Raymond James lifted their price target on shares of Aecon Group from C$24.00 to C$28.00 in a research report on Tuesday, November 5th. CIBC boosted their price target on Aecon Group from C$29.00 to C$35.00 in a research report on Friday, December 13th. National Bank Financial lowered Aecon Group from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, December 3rd. Canaccord Genuity Group boosted their target price on Aecon Group from C$28.00 to C$33.00 in a report on Monday, November 4th. Finally, Stifel Nicolaus lifted their price target on Aecon Group from C$30.00 to C$31.00 in a research report on Friday, October 4th. Six research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Aecon Group has an average rating of "Moderate Buy" and a consensus price target of C$27.53.
Read Our Latest Analysis on ARE
Aecon Group Price Performance
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 business's 50 day moving average price is C$26.55 and its 200 day moving average price is C$22.62. The stock has a market capitalization of C$1.50 billion, a P/E ratio of -88.74, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13.
Aecon Group (TSE:ARE - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported C$0.86 earnings per share for the quarter, beating analysts' consensus estimates of C$0.78 by C$0.08. Aecon Group had a net margin of 0.32% and a return on equity of 1.40%. During the same quarter last year, the firm posted $0.33 earnings per share. Sell-side analysts forecast that Aecon Group Inc. will post 1.3793321 EPS for the current year.
Aecon Group Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, January 3rd were paid a dividend of $0.19 per share. The ex-dividend date of this dividend was Tuesday, December 24th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.17%. Aecon Group's dividend payout ratio is currently -281.48%.
About Aecon Group
(
Get Free Report)
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.
See Also
Before you consider Aecon Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Aecon Group wasn't on the list.
While Aecon Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
