Aecon Group (TSE:ARE) Upgraded to “Strong-Buy” at National Bank Financial

Aecon Group (TSE:ARE) was upgraded by equities research analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Sunday,Zacks.com reports. National Bank Financial also issued estimates for Aecon Group’s Q1 2025 earnings at $0.06 EPS, Q2 2025 earnings at $0.37 EPS, Q3 2025 earnings at $0.64 EPS, Q4 2025 earnings at $0.36 EPS, FY2025 earnings at $1.44 EPS and FY2026 earnings at $1.74 EPS.

Several other brokerages have also recently issued reports on ARE. National Bankshares upgraded Aecon Group from a “sector perform” rating to an “outperform” rating in a research note on Monday. Raymond James decreased their price objective on shares of Aecon Group from C$28.00 to C$23.00 and set a “market perform” rating for the company in a research report on Friday. Desjardins dropped their target price on Aecon Group from C$32.00 to C$29.00 and set a “buy” rating on the stock in a report on Friday. TD Securities decreased their price target on Aecon Group from C$35.00 to C$30.00 and set a “buy” rating for the company in a report on Friday. Finally, Stifel Nicolaus cut Aecon Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$31.00 to C$19.00 in a research report on Friday. Six investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$25.25.

Aecon Group Trading Up 0.4 %

TSE ARE opened at C$18.03 on Friday. The company has a debt-to-equity ratio of 32.84, a quick ratio of 1.27 and a current ratio of 1.19. The firm has a market cap of C$1.14 billion, a price-to-earnings ratio of -17.74, a PEG ratio of 18.18 and a beta of 1.13. The firm has a 50 day simple moving average of C$24.19 and a 200-day simple moving average of C$23.92. Aecon Group has a one year low of C$13.03 and a one year high of C$29.70.

Insider Buying and Selling

In other Aecon Group news, Director Stuart Lee bought 5,700 shares of Aecon Group stock in a transaction on Monday, March 10th. The stock was bought at an average price of C$18.35 per share, with a total value of C$104,595.00. 0.82% of the stock is currently owned by corporate insiders.

About Aecon Group

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects.