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TSE:ARE

Aecon Group - ARE Stock Forecast, Price & News

C$11.24
-0.07 (-0.62%)
(As of 08/19/2022 12:44 PM ET)
Add
Compare
Today's Range
C$11.20
C$11.35
50-Day Range
C$10.80
C$14.71
52-Week Range
C$10.57
C$22.28
Volume
87,632 shs
Average Volume
322,164 shs
Market Capitalization
C$685.13 million
P/E Ratio
28.10
Dividend Yield
6.54%
Price Target
C$15.41
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.

Analysts Set New Price Targets

ARE has been the topic of several research analyst reports. Desjardins reaffirmed a "hold" rating on shares of Aecon Group in a research report on Monday, August 1st. National Bankshares cut their price target on Aecon Group from C$18.00 to C$13.00 and set a "sector perform" rating on the stock in a research note on Tuesday, August 2nd. Atb Cap Markets lowered shares of Aecon Group from an "outperform" rating to a "sector perform" rating in a research note on Tuesday, August 2nd. ATB Capital reduced their price target on shares of Aecon Group from C$18.25 to C$14.00 in a report on Tuesday, August 2nd. Finally, Stifel Nicolaus lowered their price target on shares of Aecon Group from C$14.00 to C$11.00 in a research report on Tuesday, August 2nd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of C$15.41.

Aecon Group Stock Performance

Shares of ARE opened at C$11.35 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 110.06. The firm has a market cap of C$691.84 million and a PE ratio of 28.38. Aecon Group has a 12 month low of C$10.57 and a 12 month high of C$22.28. The stock has a fifty day moving average price of C$12.47 and a 200-day moving average price of C$14.78.

Aecon Group (TSE:ARE - Get Rating) last announced its earnings results on Thursday, July 28th. The company reported C($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.22 by C($0.32). The company had revenue of C$1.12 billion during the quarter, compared to the consensus estimate of C$997.47 million. Equities research analysts predict that Aecon Group will post 0.83 earnings per share for the current fiscal year.

Aecon Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 5th. Investors of record on Tuesday, July 5th were paid a $0.185 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date of this dividend was Thursday, June 23rd. Aecon Group's dividend payout ratio (DPR) is presently 180.00%.

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ARE Stock News Headlines

Aecon Group (TSE:ARE) Stock Rating Lowered by Atb Cap Markets
Aecon Group (TSE:ARE) Price Target Cut to C$14.00
Aecon Group (TSE:ARE) PT Lowered to C$17.00
ATB Capital Trims Aecon Group (TSE:ARE) Target Price to C$14.00
Aecon Group (TSE:ARE) Cut to "Hold" at TD Securities
Aecon Group Inc stock dipped on Tuesday.
Aecon reports second quarter 2022 results
Aecon Group (ARE) Set to Announce Earnings on Thursday
Aecon Group Inc stock advanced on Friday.
Aecon Group Inc 5.0 Pct Debs stock dipped on Friday.
Aecon Group Inc stock eased on Thursday.
See More Headlines
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ARE Company Calendar

Ex-Dividend for 7/5 Dividend
6/23/2022
Dividend Payable
7/05/2022
Last Earnings
7/28/2022
Today
8/19/2022
Next Earnings (Estimated)
10/27/2022

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$15.41
High Stock Price Forecast
C$21.00
Low Stock Price Forecast
C$11.00
Forecasted Upside/Downside
+37.1%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
9 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$4.36 billion
Cash Flow
C$8.48 per share
Book Value
C$14.77 per share

Miscellaneous

Free Float
N/A
Market Cap
C$685.13 million
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. Jean-Louis Servranckx (Age 61)
    Pres, CEO & Director
    Comp: $3.18M
  • Mr. David Smales (Age 52)
    Exec. VP & CFO
    Comp: $1.52M
  • Mr. Yonni Fushman
    Exec. VP, Chief Sustainability Officer, Chief Legal Officer & Sec.
  • 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.













ARE Stock - Frequently Asked Questions

Should I buy or sell Aecon Group stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Aecon Group in the last year. There are currently 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research 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 forecast for 2022?

9 equities research analysts have issued twelve-month price objectives for Aecon Group's shares. Their ARE share price forecasts range from C$11.00 to C$21.00. On average, they predict the company's stock price to reach C$15.41 in the next twelve months. This suggests a possible upside of 37.0% 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 2022?

Aecon Group's stock was trading at C$16.88 at the beginning of the year. Since then, ARE stock has decreased by 33.4% and is now trading at C$11.25.
View the best growth stocks for 2022 here
.

When is Aecon Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our ARE earnings forecast
.

How were Aecon Group's earnings last quarter?

Aecon Group Inc. (TSE:ARE) posted its earnings results on Thursday, July, 28th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.22 by $0.32. The firm earned $1.12 billion during the quarter, compared to analyst estimates of $997.47 million.

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

Aecon Group declared a quarterly dividend on Thursday, June 23rd. Shareholders of record on Tuesday, July 5th will be given a dividend of 0.185 per share on Tuesday, July 5th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 6.58%. The ex-dividend date of this dividend is Thursday, June 23rd.
Read our dividend analysis for ARE
.

Is Aecon Group a good dividend stock?

Aecon Group (TSE:ARE) pays an annual dividend of C$0.72 per share and currently has a dividend yield of 6.54%. ARE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 180.00%. 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?
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$11.25.

How much money does Aecon Group make?

Aecon Group (TSE:ARE) has a market capitalization of C$685.74 million and generates C$4.36 billion in revenue each year.

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 8/19/2022 by MarketBeat.com Staff

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