Stifel Nicolaus Lowers Aecon Group (TSE:ARE) Price Target to C$28.75

Aecon Group (TSE:ARE) had its price target cut by equities research analysts at Stifel Nicolaus from C$34.25 to C$28.75 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Stifel Nicolaus’ target price suggests a potential downside of 31.43% from the stock’s previous close.

Several other analysts also recently commented on the company. TD Securities raised their price objective on Aecon Group from C$39.00 to C$47.00 and gave the stock a “buy” rating in a research note on Monday. ATB Cormark Capital Markets raised their price target on Aecon Group from C$35.00 to C$39.00 and gave the stock a “sector perform” rating in a research report on Monday. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$39.38.

Aecon Group Stock Performance

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

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

Key Headlines Impacting 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

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.