Aecon Group (TSE:ARE – Get Free Report) had its target price decreased by equities research analysts at Stifel Nicolaus from C$18.25 to C$16.25 in a research note issued to investors on Tuesday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 12.07% from the company’s current price.
Other research analysts have also recently issued research reports about the stock. TD Securities dropped their price objective on shares of Aecon Group from C$18.00 to C$17.00 and set a “hold” rating for the company in a report on Tuesday. BMO Capital Markets upped their price objective on Aecon Group from C$17.50 to C$18.50 in a research report on Friday, April 26th. National Bankshares increased their price objective on Aecon Group from C$15.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Friday, April 26th. Paradigm Capital boosted their target price on Aecon Group from C$14.00 to C$17.80 and gave the stock a “hold” rating in a research note on Friday, April 26th. Finally, CIBC increased their price target on Aecon Group from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$18.32.
Aecon Group Stock Up 3.5 %
Aecon Group (TSE:ARE – Get Free Report) last posted its 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 for the quarter, compared to analyst estimates of C$1.03 billion. Aecon Group had a return on equity of 16.62% and a net margin of 3.77%. Research analysts anticipate that Aecon Group will post 0.9104803 EPS for the current 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.
See Also
- Five stocks we like better than Aecon Group
- Quiet Period Expirations Explained
- AbbVie Stock: A Perfect Dip for Investors to Buy
- Using the MarketBeat Dividend Tax Calculator
- Forget NVIDIA: Super Micro Computer Stock Leads in Momentum
- Most active stocks: Dollar volume vs share volume
- GitLab Stock Rebounds: The Inside Story of Its Comeback
Receive News & Ratings for Aecon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aecon Group and related companies with MarketBeat.com's FREE daily email newsletter.