Raymond James Financial Downgrades Aecon Group (TSE:ARE) to Hold

Aecon Group (TSE:ARE) was downgraded by analysts at Raymond James Financial from a “moderate buy” rating to a “hold” rating in a report released on Friday, Marketbeat Ratings reports. They currently have a C$33.00 price target on the stock, up from their previous price target of C$26.00. Raymond James Financial’s price target would suggest a potential upside of 6.73% from the company’s previous close. Raymond James Financial also issued estimates for Aecon Group’s Q1 2026 earnings at $0.02 EPS, Q2 2026 earnings at $0.24 EPS and Q3 2026 earnings at $0.61 EPS.

A number of other research firms have also recently issued reports on ARE. National Bankshares boosted their price objective on Aecon Group from C$23.00 to C$26.00 and gave the company an “outperform” rating in a research report on Wednesday, September 24th. ATB Capital reduced their target price on Aecon Group from C$30.00 to C$28.00 and set an “outperform” rating for the company in a research report on Tuesday, August 5th. CIBC boosted their price target on shares of Aecon Group from C$24.00 to C$29.00 and gave the company an “outperform” rating in a report on Monday, October 6th. National Bank Financial upgraded shares of Aecon Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 1st. Finally, BMO Capital Markets raised their price objective on shares of Aecon Group from C$25.00 to C$30.00 in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$31.36.

Aecon Group Trading Down 3.9%

Shares of ARE opened at C$30.92 on Friday. Aecon Group has a 12-month low of C$15.21 and a 12-month high of C$35.10. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84. The firm has a market capitalization of C$1.96 billion, a price-to-earnings ratio of 220.86, a P/E/G ratio of 18.18 and a beta of 1.48. The stock’s 50-day moving average price is C$23.90 and its 200 day moving average price is C$20.82.

About Aecon Group

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.