Aecon Group Inc. (TSE:ARE) Given Consensus Rating of “Hold” by Brokerages

Aecon Group Inc. (TSE:ARE) has received an average recommendation of “Hold” from the twelve brokerages that are presently covering the firm, Marketbeat reports. Eight analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$33.00.

Several brokerages have recently weighed in on ARE. Atb Cap Markets cut Aecon Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 30th. Canaccord Genuity Group raised their price target on Aecon Group from C$29.00 to C$40.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Raymond James Financial cut Aecon Group from a “moderate buy” rating to a “hold” rating and upped their price objective for the stock from C$26.00 to C$33.00 in a research note on Friday, October 31st. Stifel Nicolaus increased their price objective on Aecon Group from C$24.00 to C$30.00 in a report on Friday, October 31st. Finally, TD Securities raised their target price on shares of Aecon Group from C$34.00 to C$39.00 and gave the company a “buy” rating in a research note on Sunday, November 2nd.

Aecon Group Price Performance

Shares of ARE opened at C$35.74 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.19 and a debt-to-equity ratio of 32.84. Aecon Group has a twelve month low of C$15.21 and a twelve month high of C$35.88. The stock has a market capitalization of C$2.26 billion, a P/E ratio of 255.29, a P/E/G ratio of 18.18 and a beta of 1.51. The company has a 50 day moving average of C$31.25 and a 200-day moving average of C$25.99.

Aecon Group (TSE:ARE) last announced its earnings results on Wednesday, October 29th. The company reported C$0.53 EPS for the quarter. The business had revenue of C$1.53 billion during the quarter. Aecon Group had a negative net margin of 1.56% and a negative return on equity of 6.40%. As a group, equities research analysts forecast that Aecon Group will post 1.3793321 EPS for the current fiscal year.

About Aecon Group

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.