Aecon Group (TSE:ARE) Stock Price Expected to Rise, Desjardins Analyst Says

Key Points

• Desjardins raised its target on Aecon to C$45 (from C$43), signaling about a 7.7% upside, while other brokers also lifted targets; the consensus rating remains "Hold" with an average price target of C$42.38.
• Aecon traded near C$41.77 (market cap C$2.68B) with a 52‑week range of C$15.21–C$44.71, but carries a high valuation (P/E ~181.6, PEG ~18.2) and very slim profitability (net margin 0.28%, recent quarter EPS C$0.52 on C$1.54B revenue).

Aecon Group (TSE:ARE - Get Free Report) had its target price raised by stock analysts at Desjardins from C$43.00 to C$45.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a "hold" rating on the stock. Desjardins' price objective points to a potential upside of 7.73% from the stock's current price.

Several other equities analysts also recently weighed in on the company. Raymond James Financial lifted their target price on Aecon Group from C$33.00 to C$41.00 and gave the company a "market perform" rating in a research report on Tuesday, March 10th. Stifel Nicolaus reduced their price target on Aecon Group from C$34.25 to C$28.75 and set a "hold" rating for the company in a research report on Monday, March 9th. National Bank Financial raised their price objective on Aecon Group from C$35.00 to C$45.00 and gave the stock an "outperform" rating in a research note on Monday, March 9th. ATB Cormark Capital Markets lifted their price objective on Aecon Group from C$35.00 to C$39.00 and gave the company a "sector perform" rating in a research report on Monday, March 9th. Finally, Royal Bank Of Canada increased their target price on shares of Aecon Group from C$30.00 to C$41.00 and gave the stock a "sector perform" rating in a report on Tuesday, March 10th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of C$42.38.

Aecon Group Stock Performance

ARE stock traded down C$0.02 during midday trading on Monday, reaching C$41.77. 278,558 shares of the company's stock traded hands, compared to its average volume of 494,785. Aecon Group has a 52-week low of C$15.21 and a 52-week high of C$44.71. The stock has a market cap of C$2.68 billion, a P/E ratio of 181.61, a PEG ratio of 18.18 and a beta of 1.10. The company has a current ratio of 1.10, a quick ratio of 1.27 and a debt-to-equity ratio of 65.17. The stock's 50-day moving average is C$38.07 and its 200 day moving average is C$31.49.

Aecon Group (TSE:ARE - Get Free Report) last issued its quarterly earnings results on Thursday, March 5th. The company reported C$0.52 earnings per share for the quarter. Aecon Group had a net margin of 0.28% and a return on equity of 1.66%. The business had revenue of C$1.54 billion for the quarter. As a group, analysts anticipate that Aecon Group will post 1.3793321 EPS for the current 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.

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