Aecon Group (TSE:ARE) Trading Up 5.6% – Here’s What Happened

Aecon Group Inc. (TSE:ARE)’s share price was up 5.6% on Friday . The stock traded as high as C$40.48 and last traded at C$39.68. Approximately 156,442 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 363,533 shares. The stock had previously closed at C$37.58.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus boosted their price objective on Aecon Group from C$30.00 to C$34.25 and gave the company a “hold” rating in a research report on Friday, February 6th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Aecon Group has an average rating of “Hold” and a consensus price target of C$33.43.

Aecon Group Stock Performance

The company has a market capitalization of C$2.51 billion, a P/E ratio of 283.43, a P/E/G ratio of 18.18 and a beta of 1.10. The company has a debt-to-equity ratio of 67.33, a quick ratio of 1.27 and a current ratio of 1.15. The business’s fifty day simple moving average is C$34.95 and its 200-day simple moving average is C$28.98.

Aecon Group (TSE:ARE) last issued its quarterly earnings data on Thursday, March 5th. The company reported C$0.52 earnings per share for the quarter. Aecon Group had a return on equity of 0.92% and a net margin of 0.16%.The firm had revenue of C$1.54 billion during the quarter. As a group, equities analysts anticipate that Aecon Group Inc. will post 1.3793321 earnings per share for the current fiscal year.

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.