Stifel Nicolaus Issues Pessimistic Forecast for Aecon Group (TSE:ARE) Stock Price

Aecon Group (TSE:ARE) had its target price lowered by stock analysts at Stifel Nicolaus from C$46.00 to C$44.50 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus’ price target would suggest a potential downside of 10.30% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on ARE. Jefferies Financial Group raised their target price on shares of Aecon Group from C$49.00 to C$59.00 in a report on Monday. ATB Cormark Capital Markets lifted their price target on Aecon Group from C$39.00 to C$42.00 and gave the company a “sector perform” rating in a report on Monday, March 30th. TD Securities lifted their price target on Aecon Group from C$47.00 to C$49.00 and gave the company a “buy” rating in a report on Monday, March 30th. National Bank Financial lifted their price target on Aecon Group from C$45.00 to C$48.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. Finally, BMO Capital Markets lifted their price target on Aecon Group from C$45.00 to C$49.00 and gave the company a “market perform” rating in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of C$52.29.

Aecon Group Stock Performance

TSE ARE traded down C$0.36 during trading hours on Thursday, reaching C$49.61. The company’s stock had a trading volume of 386,888 shares, compared to its average volume of 481,422. The company has a current ratio of 1.10, a quick ratio of 1.27 and a debt-to-equity ratio of 65.17. The business has a 50-day simple moving average of C$42.58 and a 200 day simple moving average of C$34.89. Aecon Group has a 52 week low of C$16.16 and a 52 week high of C$52.90. The stock has a market cap of C$3.40 billion, a PE ratio of 215.70, a PEG ratio of 18.18 and a beta of 0.97.

Aecon Group (TSE:ARE) last issued its earnings results on Tuesday, April 28th. The company reported C($0.21) earnings per share (EPS) for the quarter. Aecon Group had a return on equity of 1.66% and a net margin of 0.28%.The business had revenue of C$1.26 billion during the quarter. Equities research analysts predict that Aecon Group will post 1.3793321 earnings per share for the current fiscal year.

Insider Activity at Aecon Group

In related news, Director Eric Stuart Rosenfeld sold 125,000 shares of the firm’s stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of C$41.64, for a total transaction of C$5,205,000.00. Following the transaction, the director owned 184,200 shares in the company, valued at C$7,670,088. This trade represents a 40.43% decrease in their ownership of the stock. 0.82% of the stock is owned by corporate insiders.

About Aecon Group

Aecon Group Inc is a Canada-based company that operates in two segments: Construction and Concessions. The Construction segment includes various aspects of the construction of public and private infrastructure projects, mainly in the transportation sector. Its concessions segment is engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.