Aecon Group (TSE:ARE – Get Free Report) had its price target decreased by equities researchers at TD Securities from C$18.00 to C$17.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price objective points to a potential upside of 19.30% from the company’s previous close.
ARE has been the topic of several other research reports. 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 on the stock in a research note on Tuesday. BMO Capital Markets increased their price objective on Aecon Group from C$17.50 to C$18.50 in a report on Friday, April 26th. Stifel Nicolaus lifted their price objective on Aecon Group from C$17.00 to C$18.25 in a research report on Friday, April 26th. Raymond James upped their target price 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, April 26th. Finally, Paradigm Capital lifted their price target on Aecon Group from C$14.00 to C$17.80 and gave the company a “hold” rating in a report on Friday, April 26th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of C$18.38.
Check Out Our Latest Research Report on Aecon Group
Aecon Group Stock Down 16.1 %
Aecon Group (TSE:ARE – Get Free Report) last announced its quarterly earnings data 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 16.62% and a net margin of 3.77%. The firm had revenue of C$846.59 million during the quarter, compared to analyst estimates of C$1.03 billion. As a group, analysts forecast that Aecon Group will post 0.9104803 earnings per share for the current fiscal 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.
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