In a latest note to investors, a research analyst has provided a rating update for the Industrial Goods sector company, Aecon Group Inc. (ARE – Research Report). Today, an analyst has provided a rating update for the Industrial Goods sector company, Aecon Group Inc. (TSX: ARE).
Tupholme has an average return of 2.1% when recommending Aecon Group Inc..
According to TipRanks.com, Tupholme is ranked #516 out of 8533 analysts.
Currently, the analyst consensus on Aecon Group Inc. is a Moderate Buy with an average price target of C$13.90, implying a 32.9% upside from current levels. In a report released today, RBC Capital also maintained a Hold rating on the stock with a C$12.00 price target.
Based on Aecon Group Inc.’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$1.11 billion and GAAP net loss of C$9.44 million. In comparison, last year the company earned revenue of C$986 million and had a GAAP net loss of C$788 million.
Aecon Group Inc is a Canada-based company that operates in two major 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 primarily engaged in the development, financing, construction, and operation of infrastructure projects. Aecon generates the majority of its revenue from the Construction segment.
The company’s shares closed last Friday at C$10.84.
