Aecon Group (TSE:ARE) Given New C$49.00 Price Target at TD Securities

Aecon Group (TSE:ARE) had its price objective boosted by TD Securities from C$47.00 to C$49.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other brokerages also recently issued reports on ARE. Royal Bank Of Canada increased their price target on shares of Aecon Group from C$30.00 to C$41.00 and gave the stock a “sector perform” rating in a report on Tuesday, March 10th. Raymond James Financial upped their target price on shares of Aecon Group from C$33.00 to C$41.00 and gave the stock a “market perform” rating in a report on Tuesday, March 10th. ATB Cormark Capital Markets increased their target price on shares of Aecon Group from C$35.00 to C$39.00 and gave the stock a “sector perform” rating in a research note on Monday, March 9th. Canaccord Genuity Group raised their price target on shares of Aecon Group from C$40.00 to C$52.00 and gave the company a “buy” rating in a report on Monday, March 9th. Finally, National Bank Financial boosted their price target on shares of Aecon Group from C$35.00 to C$45.00 and gave the company an “outperform” rating in a research report on Monday, March 9th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of C$42.38.

Aecon Group Stock Performance

Shares of ARE opened at C$41.43 on Monday. 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 firm has a market cap of C$2.65 billion, a PE ratio of 180.13, a PEG ratio of 18.18 and a beta of 1.10. Aecon Group has a 1 year low of C$15.21 and a 1 year high of C$44.71. The stock’s fifty day moving average price is C$38.21 and its two-hundred day moving average price is C$31.61.

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

Aecon Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd will be paid a $0.1925 dividend. This represents a $0.77 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, March 23rd. Aecon Group’s dividend payout ratio (DPR) is currently 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

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.