Aecon Group Inc. (TSE:ARE) Receives Average Rating of “Moderate Buy” from Brokerages

Aecon Group Inc. (TSE:ARE) has received a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$33.00.

Several analysts have recently issued reports on ARE shares. Canaccord Genuity Group boosted their price target on shares of Aecon Group from C$29.00 to C$40.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Royal Bank Of Canada lifted their price target on Aecon Group from C$26.00 to C$30.00 and gave the company a “sector perform” rating in a research report on Monday, November 3rd. Stifel Nicolaus boosted their price objective on Aecon Group from C$24.00 to C$30.00 in a research note on Friday, October 31st. TD Securities increased their price objective on Aecon Group from C$34.00 to C$39.00 and gave the stock a “buy” rating in a report on Sunday, November 2nd. Finally, BMO Capital Markets raised their target price on Aecon Group from C$25.00 to C$30.00 in a research note on Friday, October 31st.

Aecon Group Trading Down 1.0%

Shares of TSE:ARE opened at C$31.63 on Monday. Aecon Group has a one year low of C$15.21 and a one year high of C$35.10. The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 and a quick ratio of 1.27. The company’s 50-day moving average price is C$28.78 and its two-hundred day moving average price is C$23.91. The stock has a market capitalization of C$2.00 billion, a PE ratio of 225.93, a price-to-earnings-growth ratio of 18.18 and a beta of 1.53.

Aecon Group (TSE:ARE) last issued its quarterly earnings data on Wednesday, October 29th. The company reported C$0.53 earnings per share (EPS) for the quarter. The business had revenue of C$1.53 billion during the quarter. Aecon Group had a negative net margin of 1.56% and a negative return on equity of 6.40%. On average, equities analysts forecast that Aecon Group will post 1.3793321 EPS for the current fiscal year.

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. Aecon generates the majority of its revenue from the Construction segment.