Aecon Group (TSE:ARE – Get Free Report) had its price target dropped by investment analysts at Canaccord Genuity Group from C$26.00 to C$25.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 71.35% from the stock’s current price.
Other equities research analysts have also issued reports about the company. Stifel Nicolaus raised their price objective on Aecon Group from C$16.25 to C$16.50 in a research report on Wednesday. ATB Capital raised their price target 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. National Bankshares raised their price target on 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. Royal Bank of Canada cut their price target on Aecon Group from C$16.00 to C$13.00 and set a “sector perform” rating for the company in a research note on Tuesday. Finally, BMO Capital Markets downgraded Aecon Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from C$18.50 to C$17.50 in a research note on Tuesday. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$18.32.
Read Our Latest Stock Report on ARE
Aecon Group Trading Up 0.6 %
Aecon Group (TSE:ARE – Get Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported C($0.10) EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of C$846.59 million during the quarter, compared to analyst estimates of C$1.03 billion. Sell-side analysts forecast that Aecon Group will post 0.9104803 earnings per share for the current year.
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.
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