Aecon Group (TSE:ARE – Get Free Report) had its target price cut by stock analysts at TD Securities from C$18.00 to C$17.00 in a research note issued on Tuesday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ price target would suggest a potential upside of 19.30% from the company’s current price.
Several other analysts also recently weighed in on ARE. Stifel Nicolaus lifted their target price on shares of Aecon Group from C$17.00 to C$18.25 in a report on Friday, April 26th. CIBC lifted their price objective on Aecon Group from C$22.00 to C$23.00 and gave the company an “outperform” rating in a report on Friday, April 26th. ATB Capital increased their target price on Aecon Group from C$19.50 to C$21.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Royal Bank of Canada decreased their price target on Aecon Group from C$16.00 to C$13.00 and set a “sector perform” rating on the stock in a research note on Tuesday. Finally, Paradigm Capital increased their price objective on Aecon Group from C$14.00 to C$17.80 and gave the stock a “hold” rating in a research report on Friday, April 26th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Aecon Group has a consensus rating of “Hold” and a consensus price target of C$18.38.
Check Out Our Latest Stock Analysis on Aecon Group
Aecon Group Stock Performance
Aecon Group (TSE:ARE – Get Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported C($0.10) EPS for the quarter, topping the consensus estimate of C($0.14) by C$0.04. Aecon Group had a return on equity of 16.62% and a net margin of 3.77%. The business had revenue of C$846.59 million during the quarter, compared to analysts’ expectations of C$1.03 billion. Equities analysts predict that Aecon Group will post 0.9104803 earnings per share for the current fiscal year.
About Aecon Group
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.
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