TSE:ARE

Aecon Group (ARE) Stock Forecast, Price & News

C$13.09

-0.25 (-1.87%)

(As of 02:48 PM ET)

Compare

Today's Range: C$13.02
▼
C$13.37
50-Day Range: C$12.27
▼
C$13.97
52-Week Range: C$8.29
▼
C$15.04

Volume: 173,247 shs
Average Volume: 423,716 shs
Market Capitalization: C$805.56 million

P/E Ratio: 21.11
Dividend Yield: 5.65%
Price Target: C$14.35

Aecon Group MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 9.5% Upside
C$14.35 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.39 out of 5 stars

1.3

Analyst's Opinion

Consensus Rating
Aecon Group has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$14.35, Aecon Group has a forecasted upside of 9.5% from its current price of C$13.10.
Amount of Analyst Coverage
Aecon Group has only been the subject of 4 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for ARE.

1.7

Dividend Strength

Dividend Leadership
Aecon Group is a leading dividend payer. It pays a dividend yield of 5.66%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Aecon Group does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Aecon Group is 119.35%. Payout ratios above 75% are not desirable because they may not be sustainable.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ARE.

2.0

News and Social Media Coverage

News Sentiment
Aecon Group has a news sentiment score of 0.54. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.34 average news sentiment score of Industrials companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Aecon Group this week, compared to 2 articles on an average week.
Search Interest
Only 16 people have searched for ARE on MarketBeat in the last 30 days. This is a decrease of -41% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Aecon Group to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Aecon Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.84% of the stock of Aecon Group is held by insiders.
Percentage Held by Institutions
Only 23.56% of the stock of Aecon Group is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Aecon Group is 21.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.11.
Price to Earnings Ratio vs. Sector
The P/E ratio of Aecon Group is 21.13, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 557.64.
Price to Earnings Growth Ratio
Aecon Group has a PEG Ratio of 18.18. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Aecon Group has a P/B Ratio of 0.86. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Aecon Group (TSE:ARE) Stock

Aecon Group Inc., together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses primarily on the civil infrastructure, urban transportation systems, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors. The Concessions segment engages in the development, building, construction, financing, and operation of construction projects by way of public-private partnership contract structures. The company was formerly known as Prefac Concrete Co. Ltd. and changed its name to Aecon Group Inc. in June 2001. Aecon Group Inc. was founded in 1877 and is headquartered in Toronto, Canada.

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ARE Stock News Headlines

May 27, 2023 | americanbankingnews.com

Aecon Group Inc. (TSE:ARE) Receives C$14.35 Consensus Price Target from Brokerages

May 20, 2023 | americanbankingnews.com

Aecon Group (TSE:ARE) Price Target Raised to C$15.00

June 2, 2023 | Edge On The Street (Ad)

Is Graphite the New Lithium?

Did you know that graphite (NOT lithium) is the largest component of lithium batteries used for EV's? Unfortunately, there are no graphite-producing mines in North America today. This leaves the U.S. at the mercy of China for our vital graphite supply.

May 11, 2023 | finance.yahoo.com

Bruce Power signs $1.3 billion fuel channel and feeder replacement contract with Shoreline Power Group for remaining MCR projects

May 10, 2023 | theglobeandmail.com

Closing Bell: Aecon Group Inc 5.0 Pct Debs down on Tuesday (ARE-DB-C)

May 5, 2023 | msn.com

2 TSX Dividend Stocks Ready for a Massive Payout Boost

May 3, 2023 | americanbankingnews.com

Aecon Group Inc. (TSE:ARE) Forecasted to Post Q3 2023 Earnings of $0.44 Per Share

May 3, 2023 | americanbankingnews.com

Atb Cap Markets Comments on Aecon Group Inc.'s Q2 2023 Earnings (TSE:ARE)

June 2, 2023 | Edge On The Street (Ad)

Is Graphite the New Lithium?

May 2, 2023 | americanbankingnews.com

Brokerages Set Aecon Group Inc. (TSE:ARE) Target Price at C$14.05

May 2, 2023 | americanbankingnews.com

Desjardins Analysts Lower Earnings Estimates for Aecon Group Inc. (TSE:ARE)

May 1, 2023 | americanbankingnews.com

Royal Bank of Canada Cuts Aecon Group (TSE:ARE) Price Target to C$14.00

April 30, 2023 | americanbankingnews.com

Raymond James Comments on Aecon Group Inc.'s FY2023 Earnings (TSE:ARE)

April 30, 2023 | americanbankingnews.com

Atb Cap Markets Analysts Decrease Earnings Estimates for Aecon Group Inc. (TSE:ARE)

April 30, 2023 | americanbankingnews.com

Stifel Nicolaus Boosts Aecon Group (TSE:ARE) Price Target to C$14.00

April 30, 2023 | americanbankingnews.com

National Bank Financial Weighs in on Aecon Group Inc.'s Q2 2023 Earnings (TSE:ARE)

April 29, 2023 | americanbankingnews.com

Q3 2024 EPS Estimates for Aecon Group Inc. Cut by Raymond James (TSE:ARE)

April 29, 2023 | americanbankingnews.com

TD Securities Lowers Aecon Group (TSE:ARE) Price Target to C$14.50

April 28, 2023 | americanbankingnews.com

Aecon Group (TSE:ARE) Shares Down 8.4%

April 28, 2023 | americanbankingnews.com

Brokers Issue Forecasts for Aecon Group Inc.'s Q3 2023 Earnings (TSE:ARE)

April 27, 2023 | theglobeandmail.com

Closing Bell: Aecon Group Inc 5.0 Pct Debs flat on Wednesday (ARE-DB-C)

April 26, 2023 | finance.yahoo.com

Aecon selected to deliver the Deerfoot Trail Improvements project in Alberta

April 25, 2023 | msn.com

Aecon reports loss of $9.4M in first quarter as cost inflatio

April 25, 2023 | finance.yahoo.com

Aecon reports first quarter 2023 results

April 25, 2023 | theglobeandmail.com

Closing Bell: Aecon Group Inc 5.0 Pct Debs down on Monday (ARE-DB-C)

April 24, 2023 | theglobeandmail.com

Closing Bell: Aecon Group Inc down on Monday (ARE)

April 24, 2023 | markets.businessinsider.com

Here's what Wall Street expects from Aecon Group's earnings

See More Headlines

ARE Price History

30 days | 90 days | 365 days | Advanced Chart

ARE Company Calendar

Ex-Dividend for 4/4 Dividend: 3/23/2023
Dividend Payable: 4/04/2023
Today: 6/02/2023
Next Earnings (Estimated): 7/27/2023

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Engineering & Construction
Sub-Industry: N/A
Sector: Industrials
Current Symbol: TSE:ARE
CUSIP: N/A
CIK: N/A
Web: www.aecon.com
Phone: +1-416-2972600
Fax: N/A
Employees: 5,600
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$14.35
High Stock Price Forecast: C$20.00
Low Stock Price Forecast: C$11.50
Forecasted Upside/Downside: +7.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$0.62
Trailing P/E Ratio: 21.52
Forward P/E Ratio: 17.61
P/E Growth: 18.18
Net Income: C$38.39 million
Net Margins: 0.80%
Pretax Margin: N/A
Return on Equity: 4.20%
Return on Assets: 1.35%

Debt

Debt-to-Equity Ratio: 68.78
Current Ratio: 1.27
Quick Ratio: 1.27

Sales & Book Value

Annual Sales: C$4.82 billion
Price / Sales: 0.17
Cash Flow: C$11.65 per share
Price / Cash Flow: 1.15
Book Value: C$15.19 per share
Price / Book: 0.88

Miscellaneous

Outstanding Shares: 61,540,000
Free Float: N/A
Market Cap: C$820.94 million
Optionable: Optionable
Beta: 0.98

Key Executives

Mr. Jean-Louis Servranckx (Age 62)
Pres, CEO & Director
Comp: $3.18M

Mr. David Smales (Age 53)
Exec. VP & CFO
Comp: $1.52M

Mr. Steven N. Nackan
Exec. VP & Pres of Concessions

Mr. Mark Scherer
Exec. VP of Industrial & Chief Safety Officer

Mr. Adam Borgatti C.F.A.
CPIR, Sr. VP of Corp. Devel. & Investor Relations

Ms. Gordana Terkalas
Sr. VP of HR

Mr. Mathew Kattapuram
Sr. VP of Strategic Bus. Devel.

Mr. John Singleton
Sr. VP of Industrial East & West

Mr. Alistair MacCallum
Sr. VP of Fin.

Mr. Blair Brandon
Sr. VP of Major Projects - Civil West

Key Competitors

View All Competitors

ARE Stock - Frequently Asked Questions

Should I buy or sell Aecon Group stock right now?: 10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Aecon Group in the last twelve months. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" ARE shares.
View ARE analyst ratings or view top-rated stocks.
What is Aecon Group's stock price forecast for 2023?: 10 analysts have issued 12 month price objectives for Aecon Group's shares. Their ARE share price forecasts range from C$11.50 to C$20.00. On average, they predict the company's stock price to reach C$14.35 in the next year. This suggests a possible upside of 9.2% from the stock's current price.
View analysts price targets for ARE or view top-rated stocks among Wall Street analysts.
How have ARE shares performed in 2023?: Aecon Group's stock was trading at C$9.11 on January 1st, 2023. Since then, ARE shares have increased by 44.2% and is now trading at C$13.14.
View the best growth stocks for 2023 here.
When is Aecon Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our ARE earnings forecast.
How often does Aecon Group pay dividends? What is the dividend yield for Aecon Group?: Aecon Group announced a quarterly dividend on Thursday, March 23rd. Investors of record on Tuesday, April 4th will be paid a dividend of 0.185 per share on Tuesday, April 4th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date of this dividend is Thursday, March 23rd.
Read our dividend analysis for ARE.
Is Aecon Group a good dividend stock?: Aecon Group (TSE:ARE) pays an annual dividend of C$0.74 per share and currently has a dividend yield of 5.66%. ARE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 119.35%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for ARE.

What other stocks do shareholders of Aecon Group own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Aecon Group investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Vermilion Energy (VET), Open Text (OTEX), Toronto-Dominion Bank (TD) and Rogers Communications (RCI).
What is Aecon Group's stock symbol?: Aecon Group trades on the Toronto Stock Exchange (TSX) under the ticker symbol "ARE."
How do I buy shares of Aecon Group?: Shares of ARE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.
What is Aecon Group's stock price today?: One share of ARE stock can currently be purchased for approximately C$13.14.
How much money does Aecon Group make?: Aecon Group (TSE:ARE) has a market capitalization of C$808.64 million and generates C$4.82 billion in revenue each year. The company earns C$38.39 million in net income (profit) each year or C$0.62 on an earnings per share basis.
How many employees does Aecon Group have?: The company employs 5,600 workers across the globe.
How can I contact Aecon Group?: Aecon Group's mailing address is 20 Carlson Crt, Sute 800, ETOBICOKE, ON M9W 7K6, Canada. The official website for the company is www.aecon.com. The company can be reached via phone at +1-416-2972600.

This page (TSE:ARE) was last updated on 6/2/2023 by MarketBeat.com Staff

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Aecon Group (ARE) Stock Forecast, Price & News

Aecon Group MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Aecon Group (TSE:ARE) Stock

ARE Stock News Headlines

ARE Price History

ARE Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

ARE Stock - Frequently Asked Questions

Overall MarketRank^™