Aecon Group (TSE:ARE) Stock Price Expected to Rise, TD Securities Analyst Says

Aecon Group (TSE:ARE) had its price target upped by investment analysts at TD Securities from C$39.00 to C$47.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 12.09% from the company’s previous close.

Separately, Stifel Nicolaus lifted their target price on Aecon Group from C$30.00 to C$34.25 and gave the stock a “hold” rating in a report on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$39.38.

Aecon Group Trading Up 2.8%

Shares of TSE:ARE opened at C$41.93 on Monday. The company has a quick ratio of 1.27, a current ratio of 1.10 and a debt-to-equity ratio of 65.17. The company’s 50-day moving average price is C$35.51 and its 200 day moving average price is C$29.54. The company has a market cap of C$2.65 billion, a PE ratio of 299.50, a P/E/G ratio of 18.18 and a beta of 1.10. Aecon Group has a fifty-two week low of C$15.21 and a fifty-two week high of C$42.40.

Aecon Group (TSE:ARE) last issued its quarterly earnings data on Thursday, March 5th. The company reported C$0.52 earnings per share (EPS) for the quarter. The business had revenue of C$1.54 billion during the quarter. Aecon Group had a return on equity of 1.66% and a net margin of 0.28%. Sell-side analysts anticipate that Aecon Group will post 1.3793321 earnings per share for the current year.

Trending Headlines about Aecon Group

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

• Positive Sentiment: Canaccord Genuity raised its target to C$52.00 and kept a “buy” rating — the most bullish call, implying ~27.5% upside from the recent reference price. BayStreet.CA TickerReport
• Positive Sentiment: TD Securities raised its target to C$47.00 and maintains a “buy” rating, signaling material upside versus recent levels. BayStreet.CA
• Positive Sentiment: National Bank Financial bumped its target to C$45.00 and set an “outperform” rating — another institutional endorsement of upside. BayStreet.CA
• Neutral Sentiment: Royal Bank of Canada raised its target to C$41.00 but kept a “sector perform” call (target now roughly in line with recent levels). BayStreet.CA
• Neutral Sentiment: Raymond James raised its target to C$41.00 with a “market perform” rating — an upgrade in target but still a neutral stance. BayStreet.CA
• Neutral Sentiment: ATB Cormark raised its target to C$39.00 and kept “sector perform,” a modest move that remains close to recent prices. BayStreet.CA
• Negative Sentiment: Stifel Nicolaus cut its target to C$28.75 and maintained a “hold,” the most bearish call and the largest downside among recent updates. BayStreet.CA

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.