Aecon Group Inc. (TSE:ARE) Receives Average Rating of “Hold” from Brokerages

Shares of Aecon Group Inc. (TSE:ARE) have been assigned an average recommendation of “Hold” from the twelve analysts that are currently covering the firm, Marketbeat reports. Eight research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$33.00.

Several research firms recently weighed in on ARE. Stifel Nicolaus lifted their price target on shares of Aecon Group from C$24.00 to C$30.00 in a report on Friday, October 31st. BMO Capital Markets boosted their price target on shares of Aecon Group from C$25.00 to C$30.00 in a research report on Friday, October 31st. Raymond James Financial lowered shares of Aecon Group from a “moderate buy” rating to a “hold” rating and raised their price objective for the stock from C$26.00 to C$33.00 in a report on Friday, October 31st. CIBC downgraded Aecon Group from an “outperform” rating to a “neutral” rating and upped their target price for the stock from C$29.00 to C$35.00 in a report on Friday, October 31st. Finally, TD Securities raised their target price on Aecon Group from C$34.00 to C$39.00 and gave the company a “buy” rating in a research note on Sunday, November 2nd.

Aecon Group Trading Up 1.1%

ARE opened at C$34.35 on Friday. Aecon Group has a one year low of C$15.21 and a one year high of C$35.10. The company has a debt-to-equity ratio of 32.84, a current ratio of 1.19 and a quick ratio of 1.27. The business has a 50 day simple moving average of C$30.38 and a two-hundred day simple moving average of C$25.50. The firm has a market capitalization of C$2.17 billion, a price-to-earnings ratio of 245.36, a PEG ratio of 18.18 and a beta of 1.51.

Aecon Group (TSE:ARE) last posted its earnings results on Wednesday, October 29th. The company reported C$0.53 earnings per share (EPS) for the quarter. The firm had revenue of C$1.53 billion for the quarter. Aecon Group had a negative return on equity of 6.40% and a negative net margin of 1.56%. Analysts predict that Aecon Group will post 1.3793321 EPS for the current year.

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.