Aecon Group (TSE:ARE – Get Free Report) had its price target decreased by equities research analysts at Stifel Nicolaus from C$18.25 to C$16.25 in a research report issued on Tuesday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Stifel Nicolaus’ price objective points to a potential upside of 14.04% from the stock’s previous close.
A number of other equities analysts have also weighed in on ARE. Desjardins dropped their target price on shares of Aecon Group from C$20.00 to C$18.00 and set a “buy” rating for the company in a research report on Tuesday. Royal Bank of Canada dropped their price objective on shares of Aecon Group from C$16.00 to C$13.00 and set a “sector perform” rating for the company in a report on Tuesday. BMO Capital Markets lifted their target price on Aecon Group from C$17.50 to C$18.50 in a report on Friday, April 26th. Paradigm Capital increased their price target on Aecon Group from C$14.00 to C$17.80 and gave the company a “hold” rating in a research note on Friday, April 26th. Finally, TD Securities cut their price target on Aecon Group from C$18.00 to C$17.00 and set a “hold” rating for the company in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$18.38.
Read Our Latest Research Report on Aecon Group
Aecon Group Price Performance
Aecon Group (TSE:ARE – Get Free Report) last issued its earnings results on Wednesday, April 24th. The company reported C($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.14) by C$0.04. Aecon Group had a return on equity of 16.62% and a net margin of 3.77%. The company had revenue of C$846.59 million for the quarter, compared to the consensus estimate of C$1.03 billion. Equities research analysts forecast that Aecon Group will post 0.9104803 earnings per share for the current year.
About Aecon Group
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.
Featured Stories
- Five stocks we like better than Aecon Group
- Insider Selling Explained: Can it Inform Your Investing Choices?
- RXO Shares Surge Following New Acquisition Deal
- What Makes a Stock a Good Dividend Stock?
- 3 Stock Dips Insiders Are Buying: Vestis, Shenandoah, Treace
- Stock Analyst Ratings and Canadian Analyst Ratings
- Biotech Stock Breakout: IBB Eyes Resistance with Amgen and Vertex
Receive News & Ratings for Aecon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aecon Group and related companies with MarketBeat.com's FREE daily email newsletter.