Aecon Group (ARE) Posts Quarterly Earnings, Misses Estimates By $0.28 EPS
Aecon Group (TSE:ARE) released its earnings data on Friday. The company reported ($0.47) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.19) by $0.28, Analyst Ratings.Net reports.
A number of analysts have recently weighed in on ARE shares. Analysts at Dundee Securities raised their price target on shares of Aecon Group from C$19.00 to C$23.50 in a research note on Monday, April 14th. They now have a “buy” rating on the stock. On a related note, analysts at RBC Capital initiated coverage on shares of Aecon Group in a research note on Friday, April 4th. They set an “outperform” rating and a C$23.00 price target on the stock. Finally, analysts at Paradigm Capital raised their price target on shares of Aecon Group from C$17.00 to C$20.50 in a research note on Thursday, March 13th. They now have a “buy” rating on the stock. Eight investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of C$20.06.
Shares of Aecon Group (TSE:ARE) traded up 2.43% on Friday, hitting $17.67. 121,970 shares of the company’s stock traded hands. Aecon Group has a 1-year low of $10.32 and a 1-year high of $18.75. The stock’s 50-day moving average is $17.81 and its 200-day moving average is $16.1. The company has a market cap of $936.6 million and a P/E ratio of 22.40.
Aecon Group Inc (TSE:ARE) is a provider of construction, contracting and infrastructure development services across Canada.
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