Aecon Group (TSE:ARE – Get Free Report) had its price objective hoisted by Stifel Nicolaus from C$16.25 to C$16.50 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Stifel Nicolaus’ target price would suggest a potential upside of 13.09% from the company’s current price.
Several other equities research analysts have also commented on ARE. National Bankshares boosted their price objective on shares of Aecon Group from C$15.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Friday, April 26th. Raymond James upped their target price on shares of Aecon Group from C$16.00 to C$17.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. BMO Capital Markets downgraded shares of Aecon Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$18.50 to C$17.50 in a research note on Tuesday. Paradigm Capital upped their target price on shares of 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, Desjardins dropped their target price on shares of Aecon Group from C$20.00 to C$18.00 and set a “buy” rating on the stock in a research note on Tuesday. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Aecon Group has an average rating of “Hold” and a consensus target price of C$18.32.
Get Our Latest Research Report on Aecon Group
Aecon Group Price Performance
Aecon Group (TSE:ARE – Get Free Report) last posted its quarterly earnings data 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 net margin of 3.77% and a return on equity of 16.62%. The business had revenue of C$846.59 million for the quarter, compared to analyst estimates of C$1.03 billion. On average, sell-side analysts expect that Aecon Group will post 0.9104803 earnings per share 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.
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