Research Analysts Issue Forecasts for Aecon Group Inc’s FY2018 Earnings (ARE)

Aecon Group Inc (TSE:ARE) – Stock analysts at Desjardins dropped their FY2018 earnings per share estimates for shares of Aecon Group in a research report issued to clients and investors on Sunday, October 28th. Desjardins analyst B. Poirier now anticipates that the company will earn $0.73 per share for the year, down from their prior estimate of $0.80.

A number of other research analysts have also commented on ARE. National Bank Financial upped their price target on shares of Aecon Group from C$20.00 to C$21.00 and gave the company an “outperform” rating in a research note on Monday. Royal Bank of Canada upped their price target on shares of Aecon Group from C$18.00 to C$20.00 and gave the company a “sector perform” rating in a research note on Monday. TD Securities upped their price target on shares of Aecon Group from C$21.00 to C$23.00 and gave the company a “buy” rating in a research note on Monday. AltaCorp Capital upgraded shares of Aecon Group from an “underperform” rating to a “sector perform” rating in a research note on Monday, July 30th. Finally, Raymond James reiterated a “c$15.39” rating and issued a C$20.50 price target on shares of Aecon Group in a research note on Thursday, July 19th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$22.00.

Shares of ARE opened at C$18.93 on Tuesday. Aecon Group has a 52 week low of C$14.27 and a 52 week high of C$20.06.

In related news, Director John Michael Beck sold 48,800 shares of the company’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of C$16.66, for a total value of C$813,008.00.

About Aecon Group

Aecon Group Inc provides construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through four segments: Infrastructure, Energy, Mining, and Concessions. The Infrastructure segment is involved in the construction of roads and bridges, and rail and transit systems, as well as in asphalt production and aggregates, municipal construction, commercial site design, and material engineering and design activities.

Read More: Return on Equity (ROE)

Earnings History and Estimates for Aecon Group (TSE:ARE)

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