Aecon Group (TSE:ARE) Stock Rating Upgraded by Stifel Nicolaus

Aecon Group (TSE:ARE) was upgraded by Stifel Nicolaus from a “hold” rating to a “buy” rating in a research note issued on Friday,BayStreet.CA reports. The firm currently has a C$54.00 price target on the stock, up from their previous price target of C$46.00. Stifel Nicolaus’ price objective suggests a potential upside of 22.81% from the company’s current price.

A number of other research analysts also recently commented on the stock. BMO Capital Markets lifted their price objective on shares of Aecon Group from C$45.00 to C$49.00 and gave the company a “market perform” rating in a research report on Wednesday, April 29th. Jefferies Financial Group boosted their target price on shares of Aecon Group from C$49.00 to C$59.00 in a report on Monday, April 27th. ATB Cormark Capital Markets raised their target price on Aecon Group from C$42.00 to C$49.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Royal Bank Of Canada lifted their target price on Aecon Group from C$44.00 to C$49.00 and gave the company a “sector perform” rating in a research report on Thursday, April 30th. Finally, Desjardins increased their price target on shares of Aecon Group from C$52.00 to C$55.00 and gave the company a “hold” rating in a research report on Friday. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$53.33.

Aecon Group Price Performance

Shares of Aecon Group stock traded up C$0.21 during midday trading on Friday, hitting C$43.97. 287,810 shares of the company were exchanged, compared to its average volume of 480,258. The firm has a 50 day simple moving average of C$47.01 and a 200-day simple moving average of C$40.34. Aecon Group has a 52 week low of C$17.06 and a 52 week high of C$57.72. The firm has a market cap of C$3.01 billion, a P/E ratio of 79.95, a PEG ratio of 18.18 and a beta of 1.36. The company has a debt-to-equity ratio of 42.80, a current ratio of 1.16 and a quick ratio of 1.27.

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

Insider Transactions at Aecon Group

In other Aecon Group news, Director John Michael Beck sold 20,000 shares of the stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of C$49.77, for a total transaction of C$995,400.00. Following the completion of the transaction, the director owned 201,417 shares in the company, valued at C$10,024,524.09. This trade represents a 9.03% decrease in their ownership of the stock. Also, insider Ernest Chan sold 521 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of C$55.09, for a total value of C$28,701.89. Following the transaction, the insider directly owned 11,003 shares in the company, valued at approximately C$606,155.27. This represents a 4.52% decrease in their position. Insiders have sold 23,451 shares of company stock worth $1,177,370 in the last quarter. Company insiders own 0.82% of the company’s stock.

Aecon Group Company Profile

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.