Aecon Group (ARE) Stock Price, News & Analysis

Company Overview

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 on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors. The Concessions segment engages in the development, building, financing, and operation of construction projects by way of public-private partnership contract structures. This segment also provides development of domestic international public-private partnership; private finance solution; developing strategic partnerships; leading and/or participating in development teams; and operations and maintenance of infrastructure assets services. 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 1867 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: C$22.19 to C$22.72
• 50-Day Range: C$17.08 to C$22.90
• 52-Week Range: C$8.42 to C$23.20
• Volume: 171,936 shs
• Average Volume: 291,300 shs
• Market Capitalization: C$1.39 billion
• P/E Ratio: N/A
• Dividend Yield: 3.41%
• Price Target: C$21.44
• Consensus Rating: Moderate Buy

Aecon Group Stock Analysis - MarketRank™

Aecon Group scored higher than 29% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Aecon Group has received a consensus rating of Moderate Buy. The company's average rating score is 2.77, and is based on 6 buy ratings, 5 hold ratings, and no sell ratings.

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.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Aecon Group is -82.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Aecon Group is -82.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

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 1.51. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for ARE.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Aecon Group pays a meaningful dividend of 3.47%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Aecon Group does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for ARE.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 0.38

News Sentiment

Aecon Group has a news sentiment score of 0.38. 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 news sentiment score is similar to the average news sentiment of Industrials companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Aecon Group this week, compared to 2 articles on an average week.

Search Interest

18 people have searched for ARE on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

2 people have added Aecon Group to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: Acquiring Shares

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$274,762.00 in company stock and sold C$0.00 in company stock.

Percentage Held by Insiders

Only 0.82% of the stock of Aecon Group is held by insiders.

Percentage Held by Institutions

Only 18.20% of the stock of Aecon Group is held by institutions.

ARE Stock Analysis - Frequently Asked Questions

How have ARE shares performed this year?

Aecon Group's stock was trading at C$13.07 at the beginning of the year. Since then, ARE shares have increased by 70.6% and is now trading at C$22.30.
View the best growth stocks for 2024 here.

How were Aecon Group's earnings last quarter?

Aecon Group Inc. (TSE:ARE) announced its earnings results on Wednesday, July, 24th. The company reported ($1.99) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($2.53) by $0.54. The firm had revenue of $853.80 million for the quarter, compared to analyst estimates of $1.01 billion. Aecon Group had a net margin of 0.32% and a trailing twelve-month return on equity of 1.40%.

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.
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What other stocks do shareholders of Aecon Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Aecon Group investors own include Intact Financial (IFC), Constellation Software (CSU), AutoCanada (ACQ), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV), Wheaton Precious Metals (WPM) and Vermilion Energy (VET).

Company Calendar

• Last Earnings: 7/24/2024
• Ex-Dividend for 10/2 Dividend: 9/20/2024
• Dividend Payable: 10/02/2024
• Today: 10/22/2024
• Next Earnings (Confirmed): 10/31/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Industrials
• Industry: Engineering & Construction
• Sub-Industry: N/A
• Current Symbol: TSE:ARE
• CUSIP: N/A
• CIK: N/A
• Web: www.aecon.com
• Phone: +1-416-2972600
• Fax: N/A
• Employees: 8,684
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$21.44
• High Stock Price Target: C$31.00
• Low Stock Price Target: C$16.00
• Potential Upside/Downside: -3.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.77
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C($0.27)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 16.15
• P/E Growth: 18.18
• Net Income: C$13.11 million
• Net Margins: 0.32%
• Pretax Margin: N/A
• Return on Equity: 1.40%
• Return on Assets: -3.46%

Debt

• Debt-to-Equity Ratio: 32.86
• Current Ratio: 1.35
• Quick Ratio: 1.27

Sales & Book Value

• Annual Sales: C$4.07 billion
• Price / Sales: 0.34
• Cash Flow: C$19.46 per share
• Price / Cash Flow: 1.15
• Book Value: C$14.72 per share
• Price / Book: 1.51

Miscellaneous

• Outstanding Shares: 62,450,000
• Free Float: N/A
• Market Cap: C$1.39 billion
• Optionable: Not Optionable
• Beta: 1.13