Canadian Imperial Bank of Commerce Issues Positive Forecast for Aecon Group (TSE:ARE) Stock Price

Aecon Group (TSE:ARE) had its price target upped by Canadian Imperial Bank of Commerce from C$38.75 to C$44.00 in a research report report published on Tuesday morning,BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other research firms have also recently commented on ARE. TD Securities lifted their price target on shares of Aecon Group from C$47.00 to C$49.00 and gave the stock a “buy” rating in a report on Monday. Canaccord Genuity Group increased their price objective on Aecon Group from C$40.00 to C$52.00 and gave the company a “buy” rating in a report on Monday, March 9th. Stifel Nicolaus decreased their target price on Aecon Group from C$34.25 to C$28.75 and set a “hold” rating for the company in a research report on Monday, March 9th. ATB Cormark Capital Markets upped their price target on Aecon Group from C$39.00 to C$42.00 and gave the company a “sector perform” rating in a research report on Monday. Finally, Desjardins increased their price target on Aecon Group from C$43.00 to C$45.00 and gave the stock a “hold” rating in a research note on Monday. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$43.58.

Aecon Group Price Performance

ARE opened at C$41.81 on Tuesday. Aecon Group has a fifty-two week low of C$15.21 and a fifty-two week high of C$44.71. The firm has a 50-day moving average of C$38.37 and a 200 day moving average of C$31.74. 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 firm has a market cap of C$2.68 billion, a P/E ratio of 181.78, a PEG ratio of 18.18 and a beta of 1.10.

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

Aecon Group Dividend Announcement

The firm also recently disclosed 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 1.8%. The ex-dividend date is Monday, March 23rd. Aecon Group’s payout ratio is currently 330.43%.

Aecon Group News Summary

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

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.