Aecon Group (TSE:ARE) PT Raised to C$17.80

Aecon Group (TSE:ARE) had its price target upped by stock analysts at Paradigm Capital from C$14.00 to C$17.80 in a note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Paradigm Capital’s price target would indicate a potential upside of 4.40% from the company’s previous close.

ARE has been the topic of a number of other reports. Raymond James boosted their price target on Aecon Group from C$16.00 to C$17.00 and gave the company a “market perform” rating in a report on Friday. Canaccord Genuity Group lifted their target price on Aecon Group from C$14.00 to C$26.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. CIBC lifted their target price on Aecon Group from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank of Canada lifted their target price on Aecon Group from C$10.00 to C$13.00 and gave the company a “sector perform” rating in a research report on Thursday, March 7th. Finally, Desjardins lifted their target price on Aecon Group from C$16.00 to C$20.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$19.17.

Aecon Group Stock Performance

Shares of Aecon Group stock opened at C$17.05 on Friday. The firm has a market cap of C$1.06 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16. The stock’s 50-day moving average is C$16.15 and its 200-day moving average is C$13.58. Aecon Group has a one year low of C$8.42 and a one year high of C$17.40. The company has a debt-to-equity ratio of 39.29, a current ratio of 1.42 and a quick ratio of 1.27.

Aecon Group (TSE:ARE) last issued its quarterly earnings results on Wednesday, April 24th. The company reported C($0.10) EPS for the quarter, beating analysts’ consensus estimates of C($0.14) by C$0.04. The company had revenue of C$846.59 million for the quarter, compared to analyst estimates of C$1.03 billion. Aecon Group had a return on equity of 16.04% and a net margin of 3.49%. Equities analysts predict that Aecon Group will post 0.7603047 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Aecon Group news, Senior Officer Martina Doyle sold 2,265 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total transaction of C$37,191.30. In other news, Senior Officer Adam Robert Borgatti bought 4,231 shares of the stock in a transaction dated Tuesday, March 26th. The shares were bought at an average price of C$13.07 per share, for a total transaction of C$55,299.17. Also, Senior Officer Martina Doyle sold 2,265 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total value of C$37,191.30. Company insiders own 1.72% of the company’s stock.

Aecon Group Company Profile

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.