Desjardins Boosts Aecon Group (TSE:ARE) Price Target to C$52.00

Aecon Group (TSE:ARE) had its target price increased by investment analysts at Desjardins from C$45.00 to C$52.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. Desjardins’ price objective suggests a potential upside of 0.46% from the company’s previous close.

A number of other equities analysts also recently commented on the stock. TD Securities increased their price objective on shares of Aecon Group from C$47.00 to C$49.00 and gave the stock a “buy” rating in a research note on Monday, March 30th. ATB Cormark Capital Markets increased their price objective on shares of Aecon Group from C$39.00 to C$42.00 and gave the stock a “sector perform” rating in a research note on Monday, March 30th. Canaccord Genuity Group increased their price objective on shares of Aecon Group from C$52.00 to C$56.00 and gave the stock a “buy” rating in a research note on Thursday. TD increased their price objective on shares of Aecon Group from C$49.00 to C$59.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Stifel Nicolaus reduced their price objective on shares of Aecon Group from C$46.00 to C$44.50 and set a “hold” rating for the company in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating and seven have issued a Hold 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$52.29.

Aecon Group Trading Up 3.6%

Aecon Group stock opened at C$51.76 on Thursday. The firm has a 50-day moving average of C$42.82 and a 200-day moving average of C$35.00. Aecon Group has a one year low of C$16.85 and a one year high of C$52.90. The company has a debt-to-equity ratio of 42.80, a current ratio of 1.16 and a quick ratio of 1.27. The company has a market cap of C$3.54 billion, a price-to-earnings ratio of 94.11, a P/E/G ratio of 18.18 and a beta of 0.97.

Aecon Group (TSE:ARE) last posted its quarterly earnings data on Tuesday, April 28th. The company reported C($0.21) EPS for the quarter. Aecon Group had a return on equity of 3.71% and a net margin of 0.62%.The business had revenue of C$1.26 billion for the quarter. On average, equities analysts expect that Aecon Group will post 1.3793321 earnings per share for the current fiscal year.

Insider Transactions at Aecon Group

In related news, Director Eric Stuart Rosenfeld sold 125,000 shares of the firm’s stock in a transaction dated Friday, March 27th. The shares were sold at an average price of C$41.64, for a total value of C$5,205,000.00. Following the completion of the sale, the director directly owned 184,200 shares in the company, valued at approximately C$7,670,088. This trade represents a 40.43% decrease in their position. Company insiders own 0.82% of the company’s stock.

Key Headlines Impacting Aecon Group

Here are the key news stories impacting Aecon Group this week:

• Positive Sentiment: Record backlog and Q1 revenue beat — Aecon reported a record C$10.9B backlog alongside rising Q1 revenue, signaling stronger future revenue visibility and contract pipeline that supports earnings growth expectations. Investor Outlook: Aecon backlog hits record $10.9B as Q1 revenue rises
• Positive Sentiment: National Bank raised its target to C$59 and kept an outperform rating — this is the largest upside among recent notes (~18% implied upside) and is a meaningful institutional vote of confidence that can attract buyers. Analyst Ratings Roundup
• Positive Sentiment: Canaccord raised its target to C$56 and reiterated a buy — another buy-side upgrade adding to upward analyst momentum and potential buying interest. Analyst Ratings Roundup
• Positive Sentiment: Raymond James lifted its target to C$54 — a sizable raise that further tilts the consensus toward upside. Analyst Ratings Roundup
• Positive Sentiment: TSX value-pick coverage — Aecon was highlighted as a value pick below estimated worth, which can draw attention from value-oriented investors. TSX Value Picks Aecon Group And 2 More Stocks
• Neutral Sentiment: BMO, ATB Cormark and RBC raised targets to ~C$49 (market/sector perform) — these moves are supportive but set targets near the current trading level, implying limited near-term upside from those houses. Analyst Ratings Roundup
• Neutral Sentiment: Desjardins moved its target to C$52 but kept a hold — a modest positive signal but not a clear buy catalyst. Analyst Ratings Roundup
• Negative Sentiment: Stifel lowered its target to C$44.50 and kept a hold — the most noteworthy downside-only revision (~11% implied downside) and a reminder of divergent analyst views and execution/valuation risk. Analyst Ratings Roundup

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.