Aecon Group (TSE:ARE) Price Target Raised to C$42.00 at ATB Cormark Capital Markets

Aecon Group (TSE:ARE) had its target price increased by ATB Cormark Capital Markets from C$39.00 to C$42.00 in a report released on Monday morning,BayStreet.CA reports. ATB Cormark Capital Markets currently has a sector perform rating on the stock.

Other research analysts have also recently issued reports about the company. Canaccord Genuity Group upped their price objective on Aecon Group from C$40.00 to C$52.00 and gave the stock a “buy” rating in a research report on Monday, March 9th. Royal Bank Of Canada lifted their price target on Aecon Group from C$30.00 to C$41.00 and gave the stock a “sector perform” rating in a research report on Tuesday, March 10th. BMO Capital Markets increased their price objective on Aecon Group from C$40.00 to C$45.00 and gave the company an “outperform” rating in a report on Monday. TD Securities raised their target price on shares of Aecon Group from C$47.00 to C$49.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Raymond James Financial lifted their target price on shares of Aecon Group from C$33.00 to C$41.00 and gave the company a “market perform” rating in a report on Tuesday, March 10th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Aecon Group presently has a consensus rating of “Hold” and an average target price of C$42.38.

Aecon Group Trading Down 0.9%

ARE stock opened at C$41.43 on Monday. Aecon Group has a 12-month low of C$15.21 and a 12-month high of C$44.71. The business’s 50-day moving average is C$38.21 and its 200 day moving average is C$31.61. The company has a current ratio of 1.10, a quick ratio of 1.27 and a debt-to-equity ratio of 65.17. The stock has a market cap of C$2.65 billion, a price-to-earnings ratio of 180.13, a PEG ratio of 18.18 and a beta of 1.10.

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

Aecon Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd will be issued a $0.1925 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a $0.77 annualized dividend and a dividend yield of 1.9%. Aecon Group’s payout ratio is presently 330.43%.

Aecon Group News Roundup

Here are the key news stories impacting Aecon Group this week:

• Positive Sentiment: Multiple brokerages raised targets and kept favorable ratings — ATB Cormark bumped its target from C$39 to C$42 and maintains a “sector perform” view (small implied upside). Article Title
• Positive Sentiment: BMO Capital Markets raised its target from C$40 to C$45 and kept an “outperform” rating, implying ~8.8% upside from the cited reference price. Article Title
• Positive Sentiment: Desjardins lifted its target from C$43 to C$45 and left a “hold” rating, also implying roughly 8.8% upside. Article Title
• Positive Sentiment: TD Securities increased its target from C$47 to C$49 and kept a “buy” rating, the most bullish call here with ~18.5% implied upside. Article Title Ticker Report
• Neutral Sentiment: Analysts and market writeups are re‑assessing Aecon’s valuation after recent strong 90‑day stock momentum — useful context for relative upside but not an immediate catalyst. Assessing Aecon Valuation
• Negative Sentiment: Coverage flagged a discounted CA$150M share issue — a potential near‑term overhang because of dilution and signal to financing needs; that concern helps explain downward pressure despite analyst upgrades. Article Title

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.