Aecon Group (TSE:ARE) Hits New 12-Month High – Still a Buy?

Aecon Group Inc. (TSE:ARE) reached a new 52-week high during trading on Saturday . The company traded as high as C$41.90 and last traded at C$40.41, with a volume of 966705 shares trading hands. The stock had previously closed at C$37.58.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus raised their price objective on shares of Aecon Group from C$30.00 to C$34.25 and gave the stock a “hold” rating in a research note on Friday, February 6th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$33.43.

Aecon Group Trading Up 7.5%

The company has a market capitalization of C$2.56 billion, a price-to-earnings ratio of 288.64, a price-to-earnings-growth ratio of 18.18 and a beta of 1.10. The company has a debt-to-equity ratio of 67.33, a quick ratio of 1.27 and a current ratio of 1.15. The business’s 50 day moving average price is C$35.12 and its two-hundred day moving average price is C$29.12.

Aecon Group (TSE:ARE) last posted its earnings results on Thursday, March 5th. The company reported C$0.52 EPS for the quarter. The firm had revenue of C$1.54 billion for the quarter. Aecon Group had a net margin of 0.16% and a return on equity of 0.92%. Equities analysts forecast that Aecon Group Inc. will post 1.3793321 earnings per share for the current fiscal year.

Aecon Group Company Profile

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.