Key Points
- Insider sale: Aecon Group insider Steven Neil Nackan sold 1,000 shares at C$44.16 each for total proceeds of C$44,160, reducing his direct ownership by 7.39% to 12,535 shares. He has also sold 1,000 shares in each of two earlier August transactions.
- Financial performance: Aecon reported quarterly revenue of C$1.63 billion and EPS of C$0.33, while posting a negative net margin of 1.10% and negative return on equity of 6.76%.
- Analyst outlook: Analysts maintain a consensus “Moderate Buy” rating with an average price target of C$55.08, above the stock’s reported opening price of C$43.96.
Aecon Group Inc. (TSE:ARE - Get Free Report) insider Steven Neil Nackan sold 1,000 shares of Aecon Group stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$44.16, for a total transaction of C$44,160.00. Following the completion of the transaction, the insider directly owned 12,535 shares in the company, valued at C$553,545.60. The trade was a 7.39% decrease in their ownership of the stock.
Steven Neil Nackan also recently made the following trade(s):
- On Tuesday, August 18th, Steven Neil Nackan sold 1,000 shares of Aecon Group stock. The stock was sold at an average price of C$47.02, for a total value of C$47,020.00.
- On Thursday, August 6th, Steven Neil Nackan sold 1,000 shares of Aecon Group stock. The shares were sold at an average price of C$47.72, for a total value of C$47,720.00.
Aecon Group Stock Performance
TSE:ARE opened at C$43.96 on Thursday. The company has a debt-to-equity ratio of 84.23, a current ratio of 1.08 and a quick ratio of 1.27. The firm has a market cap of C$3.01 billion, a price-to-earnings ratio of -46.27, a price-to-earnings-growth ratio of 18.18 and a beta of 1.41. The firm's fifty day moving average price is C$47.39 and its 200 day moving average price is C$45.03. Aecon Group Inc. has a 1-year low of C$19.81 and a 1-year high of C$57.72.
Aecon Group (TSE:ARE - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported C$0.33 earnings per share (EPS) for the quarter. Aecon Group had a negative return on equity of 6.76% and a negative net margin of 1.10%.The company had revenue of C$1.63 billion for the quarter. On average, sell-side analysts expect that Aecon Group Inc. will post 1.3793321 EPS for the current year.
Aecon Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 3rd. Shareholders of record on Friday, July 3rd were issued a $0.1925 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.77 annualized dividend and a yield of 1.8%. Aecon Group's dividend payout ratio is -80.53%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on ARE shares. Desjardins boosted their price objective on shares of Aecon Group from C$55.00 to C$61.00 and gave the stock a "hold" rating in a research report on Monday, July 6th. ATB Cormark Capital Markets lifted their target price 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. Raymond James Financial raised shares of Aecon Group from a "hold" rating to a "moderate buy" rating and upped their price target for the company from C$52.00 to C$60.00 in a report on Friday, July 3rd. Stifel Nicolaus raised shares of Aecon Group from a "hold" rating to a "buy" rating and raised their price objective for the stock from C$46.00 to C$54.00 in a research note on Friday, June 26th. Finally, Royal Bank Of Canada lifted their price objective on Aecon Group from C$44.00 to C$49.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 30th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$55.08.
Get Our Latest Stock Report on Aecon Group
Aecon Group Company Profile
(
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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.
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