ATB Cormark Capital Markets Raises Aecon Group (TSE:ARE) Price Target to C$42.00

Aecon Group (TSE:ARE) had its price target hoisted by investment analysts at ATB Cormark Capital Markets from C$39.00 to C$42.00 in a report issued on Monday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ price target indicates a potential upside of 0.45% from the stock’s current price.

Several other brokerages also recently commented on ARE. BMO Capital Markets upped their target price on shares of Aecon Group from C$40.00 to C$45.00 and gave the company an “outperform” rating in a research note on Monday. Desjardins lifted their price target on shares of Aecon Group from C$43.00 to C$45.00 and gave the stock a “hold” rating in a research report on Monday. Canaccord Genuity Group boosted their price target on shares of Aecon Group from C$40.00 to C$52.00 and gave the company a “buy” rating in a report on Monday, March 9th. TD Securities upped their price objective on shares of Aecon Group from C$47.00 to C$49.00 and gave the company a “buy” rating in a research report on Monday. Finally, National Bank Financial raised their price objective on Aecon Group from C$35.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Monday, March 9th. Four investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$43.58.

Aecon Group Price Performance

Aecon Group stock opened at C$41.81 on Monday. The firm has a market capitalization of C$2.68 billion, a P/E ratio of 181.78, a PEG ratio of 18.18 and a beta of 1.10. Aecon Group has a 1 year low of C$15.21 and a 1 year high of C$44.71. The business has a 50-day moving average of C$38.37 and a 200-day moving average of C$31.74. The company has a current ratio of 1.10, a quick ratio of 1.27 and a debt-to-equity ratio of 65.17.

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

Key Stories Impacting Aecon Group

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

• Positive Sentiment: TD Securities lifted its target to C$49 and kept a “buy” rating (largest implied upside ~18%). This is the most bullish call in the group and likely the biggest near-term catalyst for momentum. TD target raise TickerReport
• Positive Sentiment: BMO Capital Markets raised its target to C$45 and rates Aecon “outperform” (implied ~8.6% upside), reinforcing buy-side interest. BMO target raise
• Positive Sentiment: Desjardins raised its target to C$45 with a “hold” rating (also ~8.6% upside), signalling improved analyst confidence in Aecon’s outlook. Desjardins target raise
• Positive Sentiment: CIBC lifted its target to C$44 with a “hold” rating (~5% upside), another upward revision supporting the share move. CIBC target raise
• Positive Sentiment: Raymond James bumped its target to C$44 and kept a “market perform” call (~5% upside), adding to the cluster of price‑target increases. Raymond James target raise
• Positive Sentiment: ATB Cormark raised its target to C$42 with a “sector perform” rating (small implied upside ~1.4%), a modest but supportive revision. ATB Cormark target raise
• Positive Sentiment: A Yahoo Finance piece included Aecon in a TSX value-stock picks roundup (highlights potential discounted valuation vs peers), which may attract value-focused investors. Yahoo Finance article

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.