According to data provided by Bloomberg.com, the fourteen different rating agencies that follow shares of Aecon Group Inc. (TSE: ARE) have collectively assigned the stock an average rating of “Hold.” Two research firms have recommended purchasing shares of the company, while six others have maintained a hold rating for the stock. Brokers have followed the stock throughout the past year, and their average price target for the stock’s price over the next year is C$13.73.
The company’s stock has been evaluated by several different stock analysts, each of whom has provided their own opinion. In a research note published on Friday, October 28, TD Securities lowered their price objective on shares of Aecon Group from C$12.50 to C$12.00 and classified the company as a “hold.” The note was related to the company. On Monday, Laurentian gave its clients a recommendation to “hold” the shares of Aecon Group and established a price objective of C$11.50 per share for the stock. As a result of the publication of a research note on Friday, October 28, BMO Capital Markets announced that they would be lowering their price objective on shares of Aecon Group from C$13.00 to C$12.00. The Royal Bank of Canada published a research report on Aecon Group on October 27. The bank assigned the company a rating of “sector perform” and decreased their price objective for the company from C$13.00 to C$12.00 in the report. CIBC lowered its price objective for Aecon Group in a report released on Thursday, October 13. The new price objective is C$11.50, down from C$14.00. The final and most significant adjustment was made here.
Thursday marked the first day of trading for TSE: ARE shares, and the opening price was C$10.62 per share. Aecon Group reached an all-time low of $8.29 during its 52-week trading period, while the company reached an all-time high of $18.15 during the same period. A debt-to-equity ratio comes in at 105.97; a quick ratio comes in at 1.27; a current ratio comes in at 1.39; and a quick ratio comes in at 1.27. The company has a price-to-earnings ratio of 30.34, and its market value is currently at $647.95 million. The simple moving average for the last 50 days of the company’s stock price is $9.58, and the simple moving average for the last 200 days is $10.47.
On Wednesday, October 26, Aecon Group (TSE: ARE) presented its most recent quarterly earnings report. This report covered the most recent quarter. The company announced earnings per share of $0.45, which is $0.03 more than the consensus expectation of $0.42 analysts compiled for the period. The revenue for the quarter came in at 1.32 billion Canadian dollars, which was substantially higher than the $1.23 billion that industry experts had anticipated it would be. According to estimates provided by sell-side analysts, Aecon Group will bring in $0.75 per share in profits for the current fiscal year.
A quarterly dividend was just recently declared and distributed by the company and was done so on January 4. In addition, the company just recently announced and distributed a dividend. On January 4, dividend payments to shareholders were made to $0.185 per share. These payments were made to shareholders whose information was recorded in the company’s books. The dividend was disbursed to shareholders on December 22. When calculated on an annualized basis, this results in a dividend payment of $0.74 per share and a dividend yield of 6.97%. For the Aecon Group, the payout ratio comes in at 208.57%.
Construction and infrastructure development services are provided to customers in the commercial and public sectors in Canada, the United States, and other countries by Aecon Group Inc. and its subsidiaries. Quite a few different countries offer these kinds of services. Its two primary areas of operation are the construction and concessions industries. The Construction category primarily emphasizes the market sectors of civil infrastructure, urban transportation systems, nuclear power infrastructure, utility infrastructure, and traditional industrial infrastructure, respectively.