Raymond James Financial Issues Positive Forecast for Aecon Group (TSE:ARE) Stock Price

Aecon Group (TSE:ARE) had its price target lifted by Raymond James Financial from C$41.00 to C$44.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. Raymond James Financial currently has a market perform rating on the stock.

Other analysts also recently issued research reports about the company. BMO Capital Markets boosted their price objective on Aecon Group from C$40.00 to C$45.00 and gave the company an “outperform” rating in a research report on Monday. National Bank Financial raised their target price on shares of Aecon Group from C$35.00 to C$45.00 and gave the stock an “outperform” rating in a report on Monday, March 9th. ATB Cormark Capital Markets lifted their target price on shares of Aecon Group from C$39.00 to C$42.00 and gave the stock a “sector perform” rating in a research note on Monday. Stifel Nicolaus lowered their price target on shares of Aecon Group from C$34.25 to C$28.75 and set a “hold” rating for the company in a report on Monday, March 9th. Finally, Canaccord Genuity Group raised their price target on shares of Aecon Group from C$40.00 to C$52.00 and gave the stock a “buy” rating in a report on Monday, March 9th. Four equities 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 an average rating of “Hold” and an average target price of C$43.58.

Aecon Group Stock Up 0.9%

Shares of TSE:ARE opened at C$41.81 on Tuesday. The stock has a market capitalization of C$2.68 billion, a P/E ratio of 181.78, a price-to-earnings-growth ratio of 18.18 and a beta of 1.10. The stock’s 50-day moving average price is C$38.37 and its 200-day moving average price is C$31.74. The company has a current ratio of 1.10, a quick ratio of 1.27 and a debt-to-equity ratio of 65.17. Aecon Group has a 12-month low of C$15.21 and a 12-month high of C$44.71.

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

Aecon Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Thursday, April 2nd will be issued a $0.1925 dividend. The ex-dividend date is Monday, March 23rd. This represents a $0.77 annualized dividend and a yield of 1.8%. Aecon Group’s dividend payout ratio (DPR) is 330.43%.

Trending Headlines about Aecon Group

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

• Positive Sentiment: TD Securities lifted its target to C$49 and kept a “buy” rating (largest implied upside ~18%). This is the most bullish call in the group and likely the biggest near-term catalyst for momentum. TD target raise TickerReport
• Positive Sentiment: BMO Capital Markets raised its target to C$45 and rates Aecon “outperform” (implied ~8.6% upside), reinforcing buy-side interest. BMO target raise
• Positive Sentiment: Desjardins raised its target to C$45 with a “hold” rating (also ~8.6% upside), signalling improved analyst confidence in Aecon’s outlook. Desjardins target raise
• Positive Sentiment: CIBC lifted its target to C$44 with a “hold” rating (~5% upside), another upward revision supporting the share move. CIBC target raise
• Positive Sentiment: Raymond James bumped its target to C$44 and kept a “market perform” call (~5% upside), adding to the cluster of price‑target increases. Raymond James target raise
• Positive Sentiment: ATB Cormark raised its target to C$42 with a “sector perform” rating (small implied upside ~1.4%), a modest but supportive revision. ATB Cormark target raise
• Positive Sentiment: A Yahoo Finance piece included Aecon in a TSX value-stock picks roundup (highlights potential discounted valuation vs peers), which may attract value-focused investors. Yahoo Finance article

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.