Aecon Group (TSE:ARE) PT Raised to C$17.00

Aecon Group (TSE:ARE) had its target price upped by Raymond James from C$16.00 to C$17.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James’ price target would indicate a potential downside of 0.29% from the company’s previous close. Raymond James also issued estimates for Aecon Group’s Q4 2024 earnings at $0.64 EPS, Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.64 EPS and Q4 2025 earnings at $0.73 EPS.

Other research analysts have also issued reports about the company. BMO Capital Markets increased their price objective on Aecon Group from C$17.50 to C$18.50 in a report on Friday. CIBC increased their price objective on Aecon Group from C$22.00 to C$23.00 and gave the company an “outperform” rating in a report on Friday. Canaccord Genuity Group upped their target price on Aecon Group from C$14.00 to C$26.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. TD Securities upped their target price on Aecon Group from C$14.00 to C$18.50 and gave the stock a “hold” rating in a research note on Friday, March 8th. Finally, Royal Bank of Canada upped their target price on Aecon Group from C$10.00 to C$13.00 and gave the stock a “sector perform” rating in a research note on Thursday, March 7th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.17.

Aecon Group Stock Down 0.4 %

Shares of ARE stock opened at C$17.05 on Friday. The stock’s 50-day simple moving average is C$16.15 and its 200-day simple moving average is C$13.58. The company has a debt-to-equity ratio of 39.29, a quick ratio of 1.27 and a current ratio of 1.42. The firm has a market capitalization of C$1.06 billion, a PE ratio of 8.12, a P/E/G ratio of 18.18 and a beta of 1.16. Aecon Group has a fifty-two week low of C$8.42 and a fifty-two week high of C$17.40.

Aecon Group (TSE:ARE) last announced its quarterly earnings data on Wednesday, April 24th. The company reported C($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of C($0.14) by C$0.04. The business had revenue of C$846.59 million for the quarter, compared to analyst estimates of C$1.03 billion. Aecon Group had a return on equity of 16.04% and a net margin of 3.49%. Equities analysts expect that Aecon Group will post 0.7603047 earnings per share for the current year.

Insiders Place Their Bets

In other Aecon Group news, Senior Officer Martina Doyle sold 2,265 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total transaction of C$37,191.30. In other Aecon Group news, Senior Officer Adam Robert Borgatti purchased 4,231 shares of the stock in a transaction on Tuesday, March 26th. The shares were bought at an average price of C$13.07 per share, for a total transaction of C$55,299.17. Also, Senior Officer Martina Doyle sold 2,265 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total value of C$37,191.30. 1.72% of the stock is currently owned by company insiders.

Aecon Group Company Profile

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.