Stifel Nicolaus Lowers Aecon Group (TSE:ARE) Price Target to C$16.25

Aecon Group (TSE:ARE) had its target price decreased by Stifel Nicolaus from C$18.25 to C$16.25 in a report published on Tuesday morning, BayStreet.CA reports. Stifel Nicolaus currently has a hold rating on the stock.

A number of other brokerages have also weighed in on ARE. Paradigm Capital raised their price target on shares of Aecon Group from C$14.00 to C$17.80 and gave the company a hold rating in a report on Friday, April 26th. Royal Bank of Canada lowered their price target on shares of Aecon Group from C$16.00 to C$13.00 and set a sector perform rating for the company in a report on Tuesday. Raymond James raised their price target on shares of Aecon Group from C$16.00 to C$17.00 and gave the company a market perform rating in a report on Friday, April 26th. National Bankshares raised their price target on shares of Aecon Group from C$15.00 to C$18.00 and gave the company a sector perform rating in a report on Friday, April 26th. Finally, BMO Capital Markets raised their price target on shares of Aecon Group from C$17.50 to C$18.50 in a report on Friday, April 26th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of C$18.32.

Aecon Group Stock Down 3.9 %

Shares of ARE opened at C$14.02 on Tuesday. The stock has a market cap of C$873.03 million, a price-to-earnings 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 has a 12 month low of C$8.42 and a 12 month high of C$17.40. The company has a 50-day moving average price of C$16.53 and a two-hundred day moving average price of C$15.50.

Aecon Group (TSE:ARE) last posted its quarterly earnings data on Wednesday, April 24th. The company reported C($0.10) earnings per share for the quarter, topping the consensus estimate of C($0.14) by C$0.04. The company had revenue of C$846.59 million during the quarter, compared to analyst estimates of C$1.03 billion. Aecon Group had a net margin of 3.77% and a return on equity of 16.62%. Equities analysts predict that Aecon Group will post 0.9104803 EPS for the current fiscal year.

Aecon Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Wednesday, July 3rd were issued 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 payout ratio is 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.