Aecon Group (TSE:ARE) Stock Price Up 5.6% – What’s Next?

Aecon Group Inc. (TSE:ARE)’s stock price traded up 5.6% on Friday . The company traded as high as C$40.48 and last traded at C$39.68. 156,442 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 363,533 shares. The stock had previously closed at C$37.58.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus upped their price target on 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 analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$33.43.

Aecon Group Stock Up 7.5%

The firm 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 65.17, a quick ratio of 1.27 and a current ratio of 1.10. The business’s 50 day moving average is C$35.12 and its 200-day moving average is C$29.19.

Aecon Group (TSE:ARE) last released its quarterly earnings results on Thursday, March 5th. The company reported C$0.52 earnings per share (EPS) for the quarter. The company had revenue of C$1.54 billion during the quarter. Aecon Group had a net margin of 0.28% and a return on equity of 1.66%. Equities analysts anticipate that Aecon Group Inc. will post 1.3793321 EPS 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.