Aecon Group Inc. (TSE:ARE) Given Average Rating of "Hold" by Analysts

Key Points

• Aecon has a consensus analyst rating of Hold from 11 brokerages with an average 12‑month target of C$52.29, and several firms recently raised targets (notably National Bank to C$59, Canaccord to C$56, and Raymond James to C$54).
• The company reported a record C$10.9B backlog and a Q1 revenue beat—improving revenue visibility—while still reporting Q1 EPS of C($0.21), a high P/E (~94) and a thin net margin (0.62%).
• Insider activity: director Eric Stuart Rosenfeld sold 125,000 shares at C$41.64 (a 40.43% reduction), leaving corporate insiders with about 0.82% ownership.

Aecon Group Inc. (TSE:ARE - Get Free Report) has earned a consensus rating of "Hold" from the eleven brokerages that are presently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$52.29.

A number of equities analysts recently issued reports on ARE shares. Canaccord Genuity Group lifted their target price on Aecon Group from C$52.00 to C$56.00 and gave the stock a "buy" rating in a report on Thursday. Raymond James Financial lifted their price target on Aecon Group from C$44.00 to C$54.00 in a report on Wednesday. Desjardins lifted their price target on Aecon Group from C$45.00 to C$52.00 and gave the company a "hold" rating in a report on Thursday. National Bank Financial lifted their price target on Aecon Group from C$48.00 to C$59.00 and gave the company an "outperform" rating in a report on Thursday. Finally, ATB Cormark Capital Markets lifted their price target on Aecon Group from C$42.00 to C$49.00 and gave the company a "sector perform" rating in a report on Thursday.

Insider Buying and Selling at Aecon Group

In other news, Director Eric Stuart Rosenfeld sold 125,000 shares of Aecon Group stock in a transaction on Friday, March 27th. The stock was sold at an average price of C$41.64, for a total transaction of C$5,205,000.00. Following the transaction, the director owned 184,200 shares in the company, valued at approximately C$7,670,088. The trade was a 40.43% decrease in their ownership of the stock. Corporate insiders own 0.82% of the company's stock.

Key Aecon Group News

Here are the key news stories impacting Aecon Group this week:

• Positive Sentiment: Record backlog and Q1 revenue beat — Aecon reported a record C$10.9B backlog alongside rising Q1 revenue, signaling stronger future revenue visibility and contract pipeline that supports earnings growth expectations. Investor Outlook: Aecon backlog hits record $10.9B as Q1 revenue rises
• Positive Sentiment: National Bank raised its target to C$59 and kept an outperform rating — this is the largest upside among recent notes (~18% implied upside) and is a meaningful institutional vote of confidence that can attract buyers. Analyst Ratings Roundup
• Positive Sentiment: Canaccord raised its target to C$56 and reiterated a buy — another buy-side upgrade adding to upward analyst momentum and potential buying interest. Analyst Ratings Roundup
• Positive Sentiment: Raymond James lifted its target to C$54 — a sizable raise that further tilts the consensus toward upside. Analyst Ratings Roundup
• Positive Sentiment: TSX value-pick coverage — Aecon was highlighted as a value pick below estimated worth, which can draw attention from value-oriented investors. TSX Value Picks Aecon Group And 2 More Stocks
• Neutral Sentiment: BMO, ATB Cormark and RBC raised targets to ~C$49 (market/sector perform) — these moves are supportive but set targets near the current trading level, implying limited near-term upside from those houses. Analyst Ratings Roundup
• Neutral Sentiment: Desjardins moved its target to C$52 but kept a hold — a modest positive signal but not a clear buy catalyst. Analyst Ratings Roundup
• Negative Sentiment: Stifel lowered its target to C$44.50 and kept a hold — the most noteworthy downside-only revision (~11% implied downside) and a reminder of divergent analyst views and execution/valuation risk. Analyst Ratings Roundup

Aecon Group Stock Performance

Shares of TSE ARE opened at C$51.76 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.16 and a debt-to-equity ratio of 42.80. The stock has a market capitalization of C$3.54 billion, a price-to-earnings ratio of 94.11, a PEG ratio of 18.18 and a beta of 0.97. The stock's fifty day simple moving average is C$42.82 and its 200 day simple moving average is C$35.07. Aecon Group has a 52-week low of C$16.85 and a 52-week high of C$52.90.

Aecon Group (TSE:ARE - Get Free Report) last issued its earnings results on Tuesday, April 28th. The company reported C($0.21) earnings per share (EPS) for the quarter. The company had revenue of C$1.26 billion during the quarter. Aecon Group had a return on equity of 3.71% and a net margin of 0.62%. As a group, sell-side analysts forecast that Aecon Group will post 1.3793321 earnings per share for the current fiscal year.

Aecon Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 2nd. Stockholders of record on Thursday, April 2nd were issued a dividend of $0.1925 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.77 dividend on an annualized basis and a dividend yield of 1.5%. Aecon Group's payout ratio is currently 138.64%.

Aecon Group Company Profile

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.

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