Stifel Nicolaus Has Lowered Expectations for Aecon Group (TSE:ARE) Stock Price

Key Points

• Stifel Nicolaus cut its price target on Aecon to C$28.75 from C$34.25 and kept a "hold" rating, implying about a 29.3% downside from the company's current share price.
• Other analysts have raised targets (e.g., ATB Cormark to C$39 and TD to C$47), but the consensus remains a Hold with an average target of C$37.48; Aecon trades around C$40.66 near its 12‑month high and shows a very high P/E (290.43) and slim net margin (0.28%).

Aecon Group (TSE:ARE - Get Free Report) had its price objective lowered by analysts at Stifel Nicolaus from C$34.25 to C$28.75 in a research note issued on Monday,BayStreet.CA reports. The firm presently has a "hold" rating on the stock. Stifel Nicolaus' target price would indicate a potential downside of 29.29% from the company's current price.

Several other analysts have also recently weighed in on ARE. ATB Cormark Capital Markets lifted their price target on Aecon Group from C$35.00 to C$39.00 and gave the stock a "sector perform" rating in a report on Monday. TD Securities lifted their target price on Aecon Group from C$39.00 to C$47.00 in a report on Monday. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of C$37.48.

Aecon Group Stock Up 0.6%

ARE traded up C$0.25 during trading on Monday, reaching C$40.66. 454,598 shares of the stock were exchanged, compared to its average volume of 385,928. The stock has a market cap of C$2.57 billion, a P/E ratio of 290.43, a price-to-earnings-growth ratio of 18.18 and a beta of 1.10. The stock's 50 day moving average price is C$35.12 and its two-hundred day moving average price is C$29.25. Aecon Group has a twelve month low of C$15.21 and a twelve month high of C$41.90. The company has a debt-to-equity ratio of 65.17, a quick ratio of 1.27 and a current ratio of 1.10.

Aecon Group (TSE:ARE - Get Free Report) last issued its quarterly earnings data 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 company had revenue of C$1.54 billion for the quarter. Equities analysts expect that Aecon Group will post 1.3793321 EPS for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.