Aecon Group (TSE:ARE) Shares Up 5.6% – Still a Buy?

Shares of Aecon Group Inc. (TSE:ARE) rose 5.6% on Friday . The company traded as high as C$40.48 and last traded at C$39.68. Approximately 156,442 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 363,533 shares. The stock had previously closed at C$37.58.

Analyst Ratings Changes

Separately, Stifel Nicolaus upped their price target on shares of Aecon Group from C$30.00 to C$34.25 and gave the company a “hold” rating in a research note on Friday, February 6th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$33.43.

Aecon Group Trading Up 5.6%

The company has a 50-day moving average price of C$34.95 and a two-hundred day moving average price of C$28.98. The stock has a market cap of C$2.51 billion, a P/E ratio of 283.43, a P/E/G ratio of 18.18 and a beta of 1.10. The company has a current ratio of 1.15, a quick ratio of 1.27 and a debt-to-equity ratio of 67.33.

Aecon Group (TSE:ARE) last issued its quarterly earnings results on Thursday, March 5th. The company reported C$0.52 earnings per share (EPS) for the quarter. The company had revenue of C$1.54 billion during the quarter. Aecon Group had a return on equity of 0.92% and a net margin of 0.16%. On average, research analysts expect that Aecon Group Inc. 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.