Aecon Group (TSE:ARE) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Aecon Group Inc. (TSE:ARE) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$47.89 and traded as high as C$49.16. Aecon Group shares last traded at C$47.93, with a volume of 448,107 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. National Bank Financial raised their price target on shares of Aecon Group from C$64.00 to C$66.00 and gave the company an “outperform” rating in a research report on Thursday, October 15th. Stifel Nicolaus upgraded shares of Aecon Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$46.00 to C$54.00 in a report on Friday, June 26th. Desjardins upped 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. TD decreased their price objective on shares of Aecon Group from C$62.00 to C$61.00 and set a “buy” rating for the company in a research note on Friday, June 26th. Finally, Raymond James Financial raised shares of Aecon Group from a “hold” rating to a “moderate buy” rating and lifted their target price for the stock from C$52.00 to C$60.00 in a research report on Friday, July 3rd. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$55.17.

Aecon Group Stock Performance

The company’s 50-day moving average is C$48.83 and its two-hundred day moving average is C$47.89. The company has a quick ratio of 1.27, a current ratio of 1.08 and a debt-to-equity ratio of 84.23. The company has a market cap of C$3.25 billion, a P/E ratio of -49.92, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16.

Aecon Group (TSE:ARE) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.33 EPS for the quarter. Aecon Group had a negative net margin of 1.10% and a negative return on equity of 6.76%. The business had revenue of C$1.63 billion for the quarter. Equities analysts predict that Aecon Group Inc. will post 1.38 EPS for the current year.

Aecon Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, October 2nd were issued a $0.1925 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, September 22nd. Aecon Group’s payout ratio is -80.53%.

Insider Activity at Aecon Group

In other Aecon Group news, insider Steven Neil Nackan sold 4,500 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of C$45.55, for a total transaction of C$204,975.00. Following the completion of the transaction, the insider directly owned 8,035 shares of the company’s stock, valued at approximately C$365,994.25. This represents a 35.90% decrease in their ownership of the stock. Also, Director Scott Stewart acquired 4,455 shares of Aecon Group stock in a transaction on Friday, August 28th. The shares were purchased at an average cost of C$44.89 per share, with a total value of C$199,984.95. Following the completion of the acquisition, the director owned 24,484 shares of the company’s stock, valued at C$1,099,086.76. This trade represents a 22.24% increase in their position. In the last quarter, insiders sold 7,500 shares of company stock worth $343,875. 0.82% of the stock is owned by company insiders.

About Aecon Group

Aecon Group Inc (TSX: ARE) is a North American construction and infrastructure development company with global experience. Aecon delivers integrated solutions to private and public-sector clients through its Construction segment in the Civil, Urban Transportation, Nuclear, Utility and Industrial sectors, and provides project development, financing, investment, management, and operations and maintenance services through its Concessions segment.