Desjardins Weighs in on Aecon Group Inc’s Q4 2018 Earnings (ARE)

Aecon Group Inc (TSE:ARE) – Equities researchers at Desjardins lowered their Q4 2018 earnings per share (EPS) estimates for shares of Aecon Group in a research note issued on Sunday, October 28th. Desjardins analyst B. Poirier now anticipates that the company will post earnings per share of $0.44 for the quarter, down from their previous forecast of $0.54. Desjardins also issued estimates for Aecon Group’s FY2019 earnings at $1.09 EPS.

ARE has been the subject of several other reports. CIBC upped their target price on Aecon Group from C$20.00 to C$21.00 in a research note on Monday. TD Securities upped their target price on Aecon Group from C$21.00 to C$23.00 and gave the stock a “buy” rating in a research note on Monday. Raymond James reaffirmed a “c$15.39” rating and set a C$20.50 target price on shares of Aecon Group in a research note on Thursday, July 19th. Royal Bank of Canada upped their target price on Aecon Group from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 4th. Finally, AltaCorp Capital raised Aecon Group from an “underperform” rating to a “sector perform” rating in a research note on Monday, July 30th. One 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. Aecon Group has an average rating of “Buy” and a consensus target price of C$22.00.

Shares of ARE stock opened at C$19.06 on Wednesday. Aecon Group has a 1-year low of C$14.27 and a 1-year high of C$20.06.

In related news, Director John Michael Beck sold 20,922 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of C$16.51, for a total value of C$345,422.22.

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.

See Also: How to Invest in the Dividend Aristocrat Index

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

Receive News & Ratings for Aecon Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aecon Group and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply