Aecon Group (TSE:ARE) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Aecon Group (TSE:ARE) had its price objective upped by research analysts at Raymond James Financial from C$41.00 to C$44.00 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Raymond James Financial’s price target indicates a potential upside of 4.27% from the company’s previous close.

A number of other brokerages also recently weighed in on ARE. Canadian Imperial Bank of Commerce boosted their target price on shares of Aecon Group from C$38.75 to C$44.00 and gave the stock a “hold” rating in a report on Tuesday. National Bank Financial increased their price target on shares of Aecon Group from C$35.00 to C$45.00 and gave the company an “outperform” rating in a research note on Monday, March 9th. Desjardins lifted their price objective on shares of Aecon Group from C$43.00 to C$45.00 and gave the company a “hold” rating in a research report on Monday. Royal Bank Of Canada boosted their price objective on shares of Aecon Group from C$30.00 to C$41.00 and gave the stock a “sector perform” rating in a research note on Tuesday, March 10th. Finally, TD Securities upped their target price on shares of Aecon Group from C$47.00 to C$49.00 and gave the company a “buy” rating in a report on Monday. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$43.58.

Aecon Group Stock Performance

Shares of TSE ARE opened at C$42.20 on Tuesday. The company has a debt-to-equity ratio of 65.17, a quick ratio of 1.27 and a current ratio of 1.10. The stock has a 50 day moving average price of C$38.53 and a 200 day moving average price of C$31.82. The stock has a market capitalization of C$2.70 billion, a PE ratio of 183.48, a price-to-earnings-growth ratio of 18.18 and a beta of 1.10. Aecon Group has a 52 week low of C$15.21 and a 52 week high of C$44.71.

Aecon Group (TSE:ARE) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$0.52 earnings per share for the quarter. Aecon Group had a return on equity of 1.66% and a net margin of 0.28%.The firm had revenue of C$1.54 billion for the quarter. Analysts predict that Aecon Group will post 1.3793321 earnings per share for the current fiscal 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.