Aecon Group (TSE:ARE) PT Raised to C$17.00 at Raymond James

Aecon Group (TSE:ARE) had its price target hoisted by stock analysts at Raymond James from C$16.00 to C$17.00 in a note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. Raymond James’ price objective indicates a potential downside of 0.29% from the company’s previous close. Raymond James also issued estimates for Aecon Group’s Q4 2024 earnings at $0.64 EPS, Q2 2025 earnings at $0.20 EPS, Q3 2025 earnings at $0.64 EPS and Q4 2025 earnings at $0.73 EPS.

ARE has been the subject of several other research reports. BMO Capital Markets lifted their price objective on shares of Aecon Group from C$17.50 to C$18.50 in a research note on Friday. CIBC lifted their price objective on shares of Aecon Group from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research note on Friday. Canaccord Genuity Group lifted their price objective on shares of Aecon Group from C$14.00 to C$26.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. National Bankshares lifted their price objective on shares of Aecon Group from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Friday. Finally, Royal Bank of Canada lifted their price objective on shares of Aecon Group from C$10.00 to C$13.00 and gave the company a “sector perform” rating in a research note on Thursday, March 7th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$19.17.

Aecon Group Stock Down 0.4 %

Aecon Group stock opened at C$17.05 on Friday. The company has a debt-to-equity ratio of 39.29, a quick ratio of 1.27 and a current ratio of 1.42. Aecon Group has a 52-week low of C$8.42 and a 52-week high of C$17.40. The firm has a 50 day moving average price of C$16.15 and a two-hundred day moving average price of C$13.58. The firm has a market cap of C$1.06 billion, a price-to-earnings ratio of 8.12, a PEG ratio of 18.18 and a beta of 1.16.

Aecon Group (TSE:ARE) last released its quarterly earnings results on Wednesday, April 24th. The company reported C($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.14) by C$0.04. The firm had revenue of C$846.59 million during the quarter, compared to analyst estimates of C$1.03 billion. Aecon Group had a net margin of 3.49% and a return on equity of 16.04%. Equities analysts predict that Aecon Group will post 0.7603047 EPS for the current year.

Insider Activity at Aecon Group

In other news, Director Stuart Lee acquired 7,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were purchased at an average cost of C$16.33 per share, with a total value of C$114,310.00. In other Aecon Group news, Senior Officer Martina Doyle sold 2,265 shares of Aecon Group stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$16.42, for a total transaction of C$37,191.30. Also, Director Stuart Lee acquired 7,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were purchased at an average cost of C$16.33 per share, for a total transaction of C$114,310.00. 1.72% of the stock is currently owned by insiders.

Aecon Group Company Profile

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.