Paradigm Capital Raises Aecon Group (TSE:ARE) Price Target to C$17.80

Aecon Group (TSE:ARE) had its price objective increased by equities research analysts at Paradigm Capital from C$14.00 to C$17.80 in a report released on Friday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Paradigm Capital’s price target indicates a potential upside of 4.64% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the company. Raymond James increased their price objective on Aecon Group from C$16.00 to C$17.00 and gave the stock a “market perform” rating in a research report on Friday. National Bankshares increased their price objective on Aecon Group from C$15.00 to C$18.00 and gave the stock a “sector perform” rating in a research report on Friday. ATB Capital increased their price objective on Aecon Group from C$15.25 to C$19.50 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Royal Bank of Canada increased their price objective on Aecon Group from C$10.00 to C$13.00 and gave the stock a “sector perform” rating in a research report on Thursday, March 7th. Finally, CIBC raised their price target on Aecon Group from C$22.00 to C$23.00 and gave the company an “outperform” rating in a research report on Friday. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$19.17.

Aecon Group Stock Performance

Shares of ARE traded down C$0.10 on Friday, reaching C$17.01. 219,021 shares of the company’s stock traded hands, compared to its average volume of 325,537. Aecon Group has a 52-week low of C$8.42 and a 52-week high of C$17.40. The stock’s 50 day simple moving average is C$16.08 and its two-hundred day simple moving average is C$13.54. The company has a current ratio of 1.42, a quick ratio of 1.27 and a debt-to-equity ratio of 39.29. The stock has a market cap of C$1.06 billion, a PE ratio of 8.10, a PEG ratio of 18.18 and a beta of 1.16.

Aecon Group (TSE:ARE) last posted its quarterly earnings results on Wednesday, April 24th. The company reported C($0.10) EPS for the quarter, topping analysts’ consensus estimates of C($0.14) by C$0.04. Aecon Group had a return on equity of 16.04% and a net margin of 3.49%. The firm had revenue of C$846.59 million during the quarter, compared to analyst estimates of C$1.03 billion. On average, analysts forecast that Aecon Group will post 0.7603047 earnings per share for the current fiscal year.

Insider Transactions at Aecon Group

In related news, Senior Officer Martina Doyle sold 2,265 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total value of C$37,191.30. In related news, Senior Officer Martina Doyle sold 2,265 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$16.42, for a total value of C$37,191.30. Also, Director Stuart Lee purchased 7,000 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was acquired at an average cost of C$16.33 per share, with a total value of C$114,310.00. Company insiders own 1.72% of the company’s stock.

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.