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

Aecon Group (TSE:ARE) had its price target boosted by analysts at Paradigm Capital from C$14.00 to C$17.80 in a research note issued to investors on Friday, BayStreet.CA reports. The firm 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.

ARE has been the topic of a number of other reports. CIBC upped their target price on shares of Aecon Group from C$22.00 to C$23.00 and gave the company an “outperform” rating in a report on Friday. Canaccord Genuity Group upped their target price on shares of Aecon Group from C$14.00 to C$26.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Royal Bank of Canada upped their target price on shares of Aecon Group from C$10.00 to C$13.00 and gave the company a “sector perform” rating in a report on Thursday, March 7th. Stifel Nicolaus increased their price objective on shares of Aecon Group from C$17.00 to C$18.25 in a report on Friday. Finally, Desjardins increased their price objective on shares of Aecon Group from C$16.00 to C$20.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$19.17.

Aecon Group Price Performance

Shares of Aecon Group stock traded down C$0.10 on Friday, hitting C$17.01. The company’s stock had a trading volume of 219,021 shares, 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 company has a quick ratio of 1.27, a current ratio of 1.42 and a debt-to-equity ratio of 39.29. The firm has a fifty day moving average price of C$16.08 and a 200-day moving average price of C$13.54. The company has a market capitalization of C$1.06 billion, a P/E ratio of 8.10, a price-to-earnings-growth ratio of 18.18 and a beta of 1.16.

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, beating analysts’ consensus estimates of C($0.14) by C$0.04. The company had revenue of C$846.59 million for the quarter, compared to analyst estimates of C$1.03 billion. Aecon Group had a net margin of 3.49% and a return on equity of 16.04%. On average, equities research analysts expect that Aecon Group will post 0.7603047 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Aecon Group news, Senior Officer Adam Robert Borgatti bought 4,231 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average price of C$13.07 per share, with a total value of C$55,299.17. In other news, Senior Officer Adam Robert Borgatti acquired 4,231 shares of the stock in a transaction on Tuesday, March 26th. The stock was bought at an average price of C$13.07 per share, with a total value of C$55,299.17. Also, Director Stuart Lee acquired 7,000 shares of the stock in a transaction on Friday, March 22nd. The stock was purchased at an average cost of C$16.33 per share, with a total value of C$114,310.00. Corporate 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.