Should I buy or sell Aecon Group stock right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Aecon Group in the last year. There are currently 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ARE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ARE, but not buy additional shares or sell existing shares. View ARE analyst ratings or view top-rated stocks .

What is Aecon Group's stock price target for 2024?

13 brokers have issued 1-year price objectives for Aecon Group's shares. Their ARE share price targets range from C$10.00 to C$16.00. On average, they predict the company's share price to reach C$13.25 in the next twelve months. This suggests a possible upside of 13.3% 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 at the beginning of the year. Since then, ARE stock has increased by 28.3% and is now trading at C$11.69. 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 Tuesday, February 27th 2024. View our ARE earnings forecast .

How were Aecon Group's earnings last quarter?

Aecon Group Inc. (TSE:ARE) announced its quarterly earnings data on Wednesday, October, 25th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by $0.10. The company earned $1.24 billion during the quarter, compared to analyst estimates of $1.24 billion. Aecon Group had a net margin of 3.60% and a trailing twelve-month return on equity of 16.95%.

How often does Aecon Group pay dividends? What is the dividend yield for Aecon Group?

Aecon Group announced a quarterly dividend on Thursday, September 21st. Shareholders of record on Tuesday, October 3rd will be paid a dividend of 0.185 per share on Tuesday, October 3rd. This represents a $0.74 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date of this dividend is Thursday, September 21st. 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 6.61%. ARE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 32.89%. This payout ratio is at a healthy, sustainable level, below 75%. 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) .

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 .

Aecon Group Stock Price, News & Analysis (TSE:ARE)

C$11.54

-0.15 (-1.28%)

(As of 11:07 AM ET)

Compare

Today's Range: C$11.51
▼
C$11.76
50-Day Range: C$9.26
▼
C$11.69
52-Week Range: C$8.29
▼
C$14.04

Volume: 75,731 shs
Average Volume: 324,103 shs
Market Capitalization: C$712.94 million

P/E Ratio: 5.13
Dividend Yield: 6.41%
Price Target: C$13.25

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

Aecon Group MarketRank™ Stock Analysis

Analyst Rating: Hold
2.46 Rating Score
Upside/Downside: 13.3% Upside
C$13.25 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.00
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
C$98,100 Bought Last Quarter
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.

2.20 out of 5 stars

3.2

Analyst's Opinion

Consensus Rating
Aecon Group has received a consensus rating of Hold. The company's average rating score is 2.46, and is based on 6 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$13.25, Aecon Group has a forecasted upside of 13.3% from its current price of C$11.69.
Amount of Analyst Coverage
Aecon Group has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

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

2.5

Dividend Strength

Dividend Leadership
Aecon Group is a leading dividend payer. It pays a dividend yield of 6.61%, 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 32.89%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

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

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 2 news articles for Aecon Group this week, compared to 1 article on an average week.
Search Interest
Only 22 people have searched for ARE on MarketBeat in the last 30 days. This is a decrease of -12% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Aecon Group to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Aecon Group insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$98,100.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
Only 1.65% of the stock of Aecon Group is held by insiders.
Percentage Held by Institutions
Only 24.12% 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 5.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 105.31.
Price to Earnings Ratio vs. Sector
The P/E ratio of Aecon Group is 5.20, which means that it is trading at a less expensive P/E ratio than the Industrials sector average P/E ratio of about 386.25.
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 0.67. 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 Stock (TSE:ARE)

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.

ARE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

ARE Stock News Headlines

December 1, 2023 | msn.com

Where to Invest $1,000 in December 2023

December 1, 2023 | americanbankingnews.com

Aecon Group (TSE:ARE) Stock Crosses Above Two Hundred Day Moving Average of $11.59

December 4, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.

November 13, 2023 | msn.com

Bears in the Market: Why it’s the Best Time for Canadians to Diversify

November 7, 2023 | morningstar.com

Aecon Group Inc ARE

November 2, 2023 | theglobeandmail.com

Aecon Group directors buy the dip

October 31, 2023 | ca.finance.yahoo.com

2 Stocks That Have Taken a Spooky Slide But Are Actually Good Buys for Halloween and Beyond

October 30, 2023 | msn.com

Aecon Stock: Is the 8% Dividend Yield Worth it?

December 4, 2023 | Financial Alphas (Ad)

Recent Reports Are A Wake-Up Call For Investors

As the demand for lithium, an essential element to the energy revolution, increases globally, researchers are projecting a supply deficit as early as 2025. This has sparked a worldwide "gold rush" to find and develop new sources of this critical metal. Savvy investors are paying attention as mining companies race to meet this critical deadline.

October 28, 2023 | markets.businessinsider.com

Aecon Group Inc. (ARE) Receives a Hold from CIBC

October 26, 2023 | msn.com

Aecon Group (TSX:ARE) Plummets on Legacy Project Struggles

October 23, 2023 | ca.finance.yahoo.com

Oaktree Capital Management investing $150 million Aecon Utilities

October 23, 2023 | ca.finance.yahoo.com

Canadian Investment Regulatory Organization Trade Resumption - ARE

October 23, 2023 | finance.yahoo.com

Canadian Investment Regulatory Organization Trading Halt - ARE

October 23, 2023 | marketwatch.com

Toronto Stocks Climb From Morning Lows; Aecon Group Rises on C$150M Investment From Oaktree

September 20, 2023 | finance.yahoo.com

Aecon completes sale of 49.9% interest in the Bermuda International Airport concessionaire

September 19, 2023 | finance.yahoo.com

Aecon Group (TSE:ARE) Will Pay A Dividend Of CA$0.185

September 11, 2023 | theglobeandmail.com

Aecon Group: Top 10 Undervalued Construction Industry Stocks (ARE)

August 26, 2023 | theglobeandmail.com

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

July 31, 2023 | markets.businessinsider.com

Raymond James Maintains a Buy Rating on Aecon Group Inc. (ARE)

July 30, 2023 | finance.yahoo.com

Aecon Group (TSE:ARE) Is Due To Pay A Dividend Of CA$0.185

July 28, 2023 | theglobeandmail.com

Aecon stock plunges as legacy projects drag down earnings

July 28, 2023 | markets.businessinsider.com

TD Securities Remains a Hold on Aecon Group Inc. (ARE)

July 28, 2023 | markets.businessinsider.com

Aecon Group Inc. (ARE) Receives a Hold from RBC Capital

July 27, 2023 | ca.finance.yahoo.com

Aecon turns $28-million profit in second quarter as it inks significant new contracts

July 27, 2023 | finance.yahoo.com

Aecon reports second quarter 2023 results

July 18, 2023 | msn.com

TFSA Titans: Stocks That Can Skyrocket Your Retirement Savings

See More Headlines

Receive ARE Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Aecon Group and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 10/3 Dividend: 9/21/2023
Dividend Payable: 10/03/2023
Last Earnings: 10/25/2023
Today: 12/04/2023
Next Earnings (Estimated): 2/27/2024

Get Stock Alerts

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: 10,105
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$13.25
High Stock Price Target: C$16.00
Low Stock Price Target: C$10.00
Potential Upside/Downside: +13.3%
Consensus Rating: Hold
Rating Score (0-4): 2.46
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$2.25
Trailing P/E Ratio: 5.20
Forward P/E Ratio: 13.99
P/E Growth: 18.18
Net Income: C$171.88 million
Net Margins: 3.60%
Pretax Margin: N/A
Return on Equity: 16.95%
Return on Assets: -0.03%

Debt

Debt-to-Equity Ratio: 32.92
Current Ratio: 1.32
Quick Ratio: 1.27

Sales & Book Value

Annual Sales: C$4.78 billion
Price / Sales: 0.15
Cash Flow: C$10.21 per share
Price / Cash Flow: 1.15
Book Value: C$17.45 per share
Price / Book: 0.67

Miscellaneous

Outstanding Shares: 61,780,000
Free Float: N/A
Market Cap: C$722.21 million
Optionable: Not Optionable
Beta: 1.06

Metaverse Stocks And Why You Can't Ignore Them

Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report

Key Executives

Mr. Jean-Louis Servranckx (Age 62)
President, CEO & Director
Comp: $2.89M
Mr. David Smales (Age 53)
Executive VP & CFO
Comp: $1.45M
Mr. Steven N. Nackan
Executive VP & President of Concessions
Mr. Eric MacDonald
Executive Vice President of Utilities
Mr. Thomas Clochard
Executive Vice President of Civil & Nuclear
Mr. Adam Borgatti C.F.A.
CPIR, Senior Vice President of Corporate Development & Investor Relations
Ms. Gordana Terkalas
Senior Vice President of Human Resources
Mr. Mark Scherer
Executive VP of Industrial & Chief Safety Officer
Mr. Mathew Kattapuram
Senior Vice President of Strategic Business Development
Mr. John Singleton
Senior Vice President of Industrial East & West

Key Competitors

View All Competitors

Insiders

John Michael Beck
Bought 10,000 shares on 10/30/2023
Total: C$98,100.00 ($9.81/share)

ARE Stock Analysis - Frequently Asked Questions

Should I buy or sell Aecon Group stock right now?: 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Aecon Group in the last year. There are currently 7 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ARE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ARE, but not buy additional shares or sell existing shares.
View ARE analyst ratings or view top-rated stocks.
What is Aecon Group's stock price target for 2024?: 13 brokers have issued 1-year price objectives for Aecon Group's shares. Their ARE share price targets range from C$10.00 to C$16.00. On average, they predict the company's share price to reach C$13.25 in the next twelve months. This suggests a possible upside of 13.3% 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 at the beginning of the year. Since then, ARE stock has increased by 28.3% and is now trading at C$11.69.
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 Tuesday, February 27th 2024.
View our ARE earnings forecast.
How were Aecon Group's earnings last quarter?: Aecon Group Inc. (TSE:ARE) announced its quarterly earnings data on Wednesday, October, 25th. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by $0.10. The company earned $1.24 billion during the quarter, compared to analyst estimates of $1.24 billion. Aecon Group had a net margin of 3.60% and a trailing twelve-month return on equity of 16.95%.

How often does Aecon Group pay dividends? What is the dividend yield for Aecon Group?: Aecon Group announced a quarterly dividend on Thursday, September 21st. Shareholders of record on Tuesday, October 3rd will be paid a dividend of 0.185 per share on Tuesday, October 3rd. This represents a $0.74 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date of this dividend is Thursday, September 21st.
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 6.61%. ARE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 32.89%. This payout ratio is at a healthy, sustainable level, below 75%.
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).
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.

This page (TSE:ARE) was last updated on 12/4/2023 by MarketBeat.com Staff

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Aecon Group Stock Price, News & Analysis (TSE:ARE)

Aecon Group MarketRank™ Stock Analysis

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 Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Aecon Group Stock (TSE:ARE)

ARE Stock Price History

ARE Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

ARE Stock Analysis - Frequently Asked Questions

Overall MarketRank^™