Stifel Nicolaus Increases Aecon Group (TSE:ARE) Price Target to C$16.50

Aecon Group (TSE:ARE) had its target price hoisted by Stifel Nicolaus from C$16.25 to C$16.50 in a research note issued to investors on Wednesday, BayStreet.CA reports. Stifel Nicolaus’ price target indicates a potential upside of 13.09% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on ARE. Canaccord Genuity Group increased their target price on Aecon Group from C$14.00 to C$26.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. CIBC raised their price objective on Aecon Group from C$22.00 to C$23.00 and gave the company an “outperform” rating in a report on Friday, April 26th. TD Securities reduced 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. Royal Bank of Canada reduced their price target on Aecon Group from C$16.00 to C$13.00 and set a “sector perform” rating for the company in a report on Tuesday. Finally, Paradigm Capital lifted their price target on Aecon Group from C$14.00 to C$17.80 and gave the stock a “hold” rating in a report on Friday, April 26th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of C$18.32.

Aecon Group Stock Up 0.6 %

TSE:ARE opened at C$14.59 on Wednesday. The stock’s fifty day moving average price is C$16.59 and its two-hundred day moving average price is C$15.49. The company has a market cap of C$908.52 million, a price-to-earnings ratio of 6.79, a P/E/G ratio of 18.18 and a beta of 1.19. The company has a debt-to-equity ratio of 28.71, a quick ratio of 1.27 and a current ratio of 1.50. Aecon Group has a 52-week low of C$8.42 and a 52-week high of C$17.40.

Aecon Group (TSE:ARE) last released its earnings results on Wednesday, April 24th. The company reported C($0.10) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.14) by C$0.04. The firm had revenue of C$846.59 million during the quarter, compared to analysts’ expectations of C$1.03 billion. Aecon Group had a return on equity of 16.62% and a net margin of 3.77%. On average, analysts anticipate that Aecon Group will post 0.9104803 EPS 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.