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TSE:ARE

Aecon Group (ARE) Stock Forecast, Price & News

C$13.21
+0.14 (+1.07%)
(As of 05/31/2023 ET)
Compare
Today's Range
C$12.91
C$13.23
50-Day Range
C$12.27
C$13.97
52-Week Range
C$8.29
C$15.17
Volume
237,166 shs
Average Volume
428,625 shs
Market Capitalization
C$812.94 million
P/E Ratio
21.66
Dividend Yield
5.60%
Price Target
C$14.35

Aecon Group MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
8.6% 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.

1.67 out of 5 stars


ARE stock logo

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

Aecon Group (TSE:ARE) Price Target Raised to C$15.00
[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software"
The Washington Post Reports it's: "A revolution in warfare." The Sunday Times Reports it's: "a revolutionary power." Early investors can reap 5,633% gains as England, Germany, Japan and Australia rush to sign contracts. Get the name of the stock here >>>
[BREAKING] Small Firm Wins $1 Billion Army Contract for Breakthrough "Living Software"
The Washington Post Reports it's: "A revolution in warfare." The Sunday Times Reports it's: "a revolutionary power." Early investors can reap 5,633% gains as England, Germany, Japan and Australia rush to sign contracts. Get the name of the stock here >>>
Aecon Group (TSE:ARE) Shares Down 8.4%
Aecon reports first quarter 2023 results
Closing Bell: Aecon Group Inc down on Monday (ARE)
Here's what Wall Street expects from Aecon Group's earnings
See More Headlines
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ARE Company Calendar

Ex-Dividend for 4/4 Dividend
3/23/2023
Dividend Payable
4/04/2023
Today
5/31/2023
Next Earnings (Estimated)
7/27/2023

Industry, Sector and Symbol

Industry
Engineering & Construction
Sub-Industry
N/A
CIK
N/A
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
+8.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
10 Analysts

Profitability

Net Income
C$38.39 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$4.82 billion
Cash Flow
C$11.54 per share
Book Value
C$15.19 per share

Miscellaneous

Free Float
N/A
Market Cap
C$812.94 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













ARE Stock - Frequently Asked Questions

Should I buy or sell Aecon Group stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Aecon Group in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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 Wall Street research analysts have issued 1-year price objectives for Aecon Group's stock. Their ARE share price forecasts range from C$11.50 to C$20.00. On average, they predict the company's share price to reach C$14.35 in the next year. This suggests a possible upside of 9.8% 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 43.5% and is now trading at C$13.07.
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 given a dividend of 0.185 per share on Tuesday, April 4th. This represents a $0.74 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date 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 5.54%. ARE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 121.31%. 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$13.07.

How much money does Aecon Group make?

Aecon Group (TSE:ARE) has a market capitalization of C$804.33 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$0.61 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 5/31/2023 by MarketBeat.com Staff

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