Aecon Group (TSE:ARE) Sets New 1-Year High – Should You Buy?

Shares of Aecon Group Inc. (TSE:ARE) reached a new 52-week high on Monday . The company traded as high as C$29.70 and last traded at C$29.52, with a volume of 57288 shares trading hands. The stock had previously closed at C$29.16.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Aecon Group from C$30.00 to C$31.00 in a report on Friday, October 4th. TD Securities raised Aecon Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from C$23.00 to C$35.00 in a report on Monday, November 4th. CIBC upped their target price on shares of Aecon Group from C$25.00 to C$29.00 in a research report on Monday, November 4th. Canaccord Genuity Group lifted their price target on shares of Aecon Group from C$28.00 to C$33.00 in a research report on Monday, November 4th. Finally, National Bankshares upgraded shares of Aecon Group from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$17.00 to C$20.50 in a report on Monday, July 29th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$25.94.

Aecon Group Stock Down 0.1 %

The company has a current ratio of 1.35, a quick ratio of 1.27 and a debt-to-equity ratio of 32.86. The company has a market capitalization of C$1.82 billion, a price-to-earnings ratio of -107.85, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13. The firm’s 50 day moving average price is C$23.73 and its two-hundred day moving average price is C$19.11.

Aecon Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Stockholders of record on Wednesday, October 2nd were paid a dividend of $0.19 per share. The ex-dividend date was Friday, September 20th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.61%. Aecon Group’s dividend payout ratio (DPR) is currently -281.48%.

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.