Aecon Group (TSE:ARE) Price Target Raised to C$49.00

Aecon Group (TSE:ARE) had its price objective lifted by BMO Capital Markets from C$45.00 to C$49.00 in a research report released on Wednesday morning,BayStreet.CA reports. The firm currently has a market perform rating on the stock.

ARE has been the topic of several other reports. ATB Cormark Capital Markets upped their price objective on Aecon Group from C$39.00 to C$42.00 and gave the company a “sector perform” rating in a research report on Monday, March 30th. Jefferies Financial Group upped their price objective on Aecon Group from C$49.00 to C$59.00 in a research report on Monday, April 27th. Raymond James Financial increased their target price on Aecon Group from C$44.00 to C$54.00 in a research report on Wednesday. Desjardins increased their target price on Aecon Group from C$43.00 to C$45.00 and gave the stock a “hold” rating in a research report on Monday, March 30th. Finally, Royal Bank Of Canada increased their target price on Aecon Group from C$41.00 to C$44.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 9th. Four equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$52.29.

Aecon Group Stock Up 3.6%

Shares of TSE:ARE opened at C$51.76 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.16 and a debt-to-equity ratio of 42.80. Aecon Group has a 52-week low of C$16.85 and a 52-week high of C$52.90. The stock’s fifty day simple moving average is C$42.82 and its 200-day simple moving average is C$35.00. The company has a market capitalization of C$3.54 billion, a P/E ratio of 94.11, a P/E/G ratio of 18.18 and a beta of 0.97.

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

Aecon Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 2nd. Investors of record on Thursday, April 2nd were given a dividend of $0.1925 per share. The ex-dividend date was Monday, March 23rd. This represents a $0.77 annualized dividend and a yield of 1.5%. Aecon Group’s dividend payout ratio is 138.64%.

Insiders Place Their Bets

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

Key Aecon Group News

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.