Key Points
- Insider sale: Aecon Group insider Ernest Chan sold 521 shares on May 8 at an average price of C$55.09, totaling about C$28,701.89. After the sale, he still held 11,003 shares, a 4.52% reduction in ownership.
- Mixed analyst outlook: Analyst targets moved higher at several firms, including Canaccord Genuity and National Bank Financial, but the overall consensus remains Hold with an average price target of C$52.29. Four analysts rate the stock Buy, while seven rate it Hold.
- Recent financials and stock metrics: Aecon reported quarterly EPS of C($0.21) on revenue of C$1.26 billion, and the stock recently traded near C$53.00. The company also pays a quarterly dividend that annualizes to C$0.77 per share, yielding about 1.5%.
Aecon Group Inc. (TSE:ARE - Get Free Report) insider Ernest Chan sold 521 shares of the company's stock in a transaction dated Friday, May 8th. The shares were sold at an average price of C$55.09, for a total transaction of C$28,701.89. Following the completion of the transaction, the insider directly owned 11,003 shares of the company's stock, valued at approximately C$606,155.27. The trade was a 4.52% decrease in their ownership of the stock.
Aecon Group Stock Performance
TSE:ARE opened at C$53.00 on Tuesday. The company has a debt-to-equity ratio of 42.80, a current ratio of 1.16 and a quick ratio of 1.27. The firm has a 50-day moving average of C$44.51 and a two-hundred day moving average of C$36.20. The stock has a market cap of C$3.63 billion, a P/E ratio of 96.36, a PEG ratio of 18.18 and a beta of 1.16. Aecon Group Inc. has a 1-year low of C$17.06 and a 1-year high of C$57.72.
Aecon Group (TSE:ARE - Get Free Report) last posted its quarterly earnings data on Tuesday, April 28th. The company reported C($0.21) earnings per share for the quarter. The firm had revenue of C$1.26 billion during the quarter. Aecon Group had a net margin of 0.62% and a return on equity of 3.71%. On average, research analysts expect that Aecon Group Inc. will post 1.3793321 earnings per share for the current fiscal year.
Aecon Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd were given a $0.1925 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Monday, March 23rd. Aecon Group's dividend payout ratio is presently 138.64%.
Analyst Upgrades and Downgrades
ARE has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price objective on shares of Aecon Group from C$46.00 to C$44.50 and set a "hold" rating for the company in a research report on Thursday, April 30th. Canaccord Genuity Group increased their price target on shares of Aecon Group from C$52.00 to C$56.00 and gave the stock a "buy" rating in a research report on Thursday, April 30th. National Bank Financial increased their price target on shares of Aecon Group from C$48.00 to C$59.00 and gave the stock an "outperform" rating in a research report on Thursday, April 30th. ATB Cormark Capital Markets increased their price target on shares of Aecon Group from C$42.00 to C$49.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 30th. Finally, TD Securities increased their price target on shares of Aecon Group from C$47.00 to C$49.00 and gave the stock a "buy" rating in a research report on Monday, March 30th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of C$52.29.
Check Out Our Latest Analysis on ARE
Aecon Group Company Profile
(
Get Free Report)
Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
