Aecon Group (TSE:ARE) Given New C$39.00 Price Target at ATB Cormark Capital Markets

Aecon Group (TSE:ARE) had its price target increased by ATB Cormark Capital Markets from C$35.00 to C$39.00 in a report issued on Monday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Other analysts have also issued research reports about the company. Stifel Nicolaus upped their price objective on Aecon Group from C$30.00 to C$34.25 and gave the company a “hold” rating in a report on Friday, February 6th. TD Securities boosted their price target on shares of Aecon Group from C$39.00 to C$47.00 in a research report on Monday. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$37.48.

Aecon Group Trading Up 0.9%

Aecon Group stock opened at C$40.78 on Monday. Aecon Group has a 12-month low of C$15.21 and a 12-month high of C$41.90. The company has a debt-to-equity ratio of 65.17, a current ratio of 1.10 and a quick ratio of 1.27. The stock has a market capitalization of C$2.58 billion, a PE ratio of 291.29, a price-to-earnings-growth ratio of 18.18 and a beta of 1.10. The firm has a 50 day simple moving average of C$35.30 and a 200-day simple moving average of C$29.39.

Aecon Group (TSE:ARE) last announced 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 return on equity of 1.66% and a net margin of 0.28%. As a group, equities research analysts expect that Aecon Group will post 1.3793321 EPS for the current fiscal year.

Key Headlines Impacting Aecon Group

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

• Positive Sentiment: Canaccord Genuity raised its price target to C$52 and reiterated a “buy” rating (≈27% upside vs. recent levels), signaling stronger conviction in Aecon’s growth trajectory. Canaccord raise — BayStreet.CA Tickerreport.com
• Positive Sentiment: National Bank Financial lifted its target to C$45 and set an “outperform” rating (≈10% upside), adding institutional support to the rally. National Bank raise — BayStreet.CA
• Positive Sentiment: TD Securities raised its target to C$47 (≈16% upside), another endorsement from a major desk that likely contributed to buying interest. TD Securities raise — BayStreet.CA
• Positive Sentiment: Operational catalyst — Aecon’s disclosed backlog has surged to about $10 billion, supporting revenue visibility and underpinning analyst optimism. Aecon backlog — BNNBloomberg
• Negative Sentiment: Stifel Nicolaus cut its target to C$28.75 and kept a “hold” rating (≈29% downside), highlighting downside risk and differing views on margins and execution. Stifel cut — BayStreet.CA
• Negative Sentiment: ATB Cormark raised its target to C$39 but kept a “sector perform” call; the new target sits slightly below recent prices (≈3.8% downside), reflecting more cautious near‑term expectations. ATB Cormark note — BayStreet.CA

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.