How Analysts Feel About Aecon Group Inc. (TSE:ARE)?

February 13, 2018 - By Linda Rogers

 How Analysts Feel About Aecon Group Inc. (TSE:ARE)?
Investors sentiment increased to 1.81 in 2017 Q3. Its up 0.37, from 1.44 in 2017Q2. It improved, as 18 investors sold Aecon Group Inc. shares while 90 reduced holdings. 49 funds opened positions while 147 raised stakes. 92.94 million shares or 1.38% less from 94.23 million shares in 2017Q2 were reported.
Cibc Ww Corp owns 13,629 shares or 0.02% of their US portfolio. Amer Assets Capital Advisers invested 4.56% of its portfolio in Aecon Group Inc. (TSE:ARE). Moreover, Profund Lc has 0.03% invested in Aecon Group Inc. (TSE:ARE) for 6,120 shares. Lpl Financial Lc holds 0% or 6,865 shares in its portfolio. Stifel Fincl stated it has 0% of its portfolio in Aecon Group Inc. (TSE:ARE). Kempen Capital Nv, Netherlands-based fund reported 46,785 shares. Renaissance Technology Llc reported 270,440 shares. 2,600 were accumulated by Caisse De Depot Et Placement Du Quebec. 15,297 were accumulated by Cypress Asset Mgmt Incorporated Tx. Rockefeller Inc accumulated 265 shares or 0% of the stock. Whittier Trust Of Nevada Inc owns 615 shares for 0.01% of their portfolio. First Foundation Advsrs, a California-based fund reported 22,590 shares. Apg Asset Mgmt Us holds 4.3% of its portfolio in Aecon Group Inc. (TSE:ARE) for 4.32M shares. 9.30 million are held by Blackrock. Guggenheim Cap Ltd Liability Corp has 430,558 shares.

Since August 15, 2017, it had 0 insider purchases, and 6 insider sales for $12.22 million activity. 29,000 Aecon Group Inc. (TSE:ARE) shares with value of $3.63 million were sold by Shigenaga Dean A. Shares for $3.76M were sold by MARCUS JOEL S. $602,050 worth of Aecon Group Inc. (TSE:ARE) was sold by Andrews Thomas J on Monday, September 11.

Aecon Group Inc. (TSE:ARE) Ratings Coverage

Among 8 analysts covering Aecon Group Inc (TSE:ARE), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Aecon Group Inc had 24 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Sector Perform” rating given on Monday, October 23 by National Bank Canada. The stock of Aecon Group Inc. (TSE:ARE) has “Outperform” rating given on Friday, March 17 by Raymond James. On Friday, October 27 the stock rating was downgraded by IBC to “Neutral”. On Tuesday, May 9 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock of Aecon Group Inc. (TSE:ARE) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, March 8. The rating was maintained by RBC Capital Markets with “Sector Perform” on Monday, October 23. The stock of Aecon Group Inc. (TSE:ARE) has “Sector Perform” rating given on Monday, May 2 by National Bank Canada. Raymond James downgraded it to “Market Perform” rating and $20.37 target in Friday, October 27 report. The stock of Aecon Group Inc. (TSE:ARE) has “Tender” rating given on Friday, October 27 by Industrial Alliance Securities. Scotia Capital upgraded the stock to “Outperform” rating in Wednesday, July 29 report. Below is a list of Aecon Group Inc. (TSE:ARE) latest ratings and price target changes.

27/10/2017 Broker: IBC Old Rating: Outperform New Rating: Neutral Old Target: $21.00 New Target: $20.37 Downgrade
27/10/2017 Broker: Desjardins Securities Rating: Old Target: $19.00 New Target: $20.37 Target Up
27/10/2017 Broker: Industrial Alliance Securities Old Rating: Strong Buy New Rating: Tender Old Target: $20.50 New Target: $20.37 Downgrade
27/10/2017 Broker: Raymond James Old Rating: Outperform New Rating: Market Perform Old Target: $21.00 New Target: $20.37 Downgrade
23/10/2017 Broker: National Bank Canada Old Rating: Outperform New Rating: Sector Perform New Target: $23.00 Downgrade
23/10/2017 Broker: RBC Capital Markets Rating: Sector Perform New Target: $18.00 Maintain

The stock decreased 2.19% or $0.42 during the last trading session, reaching $18.73. About 274,154 shares traded or 1.39% up from the average. Aecon Group Inc. (TSE:ARE) has 0.00% since February 13, 2017 and is . It has underperformed by 16.70% the S&P500.

Aecon Group Inc. provides construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. The company has market cap of $1.12 billion. It operates through four divisions: Infrastructure, Energy, Mining, and Concessions. It has a 30.6 P/E ratio. 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.

More notable recent Aecon Group Inc. (TSE:ARE) news were published by: Business.Financialpost.com which released: “Aecon a ‘stepping stone’ for Beijing: Fears rise as Ottawa decides on $1.5 …” on February 05, 2018, also Cbc.ca with their article: “Aecon takeover by Chinese firm delayed for national security review” published on February 12, 2018, Fool.ca published: “Aecon Group Inc. Acquisition: Foreign Investment or National Security Concern?” on January 29, 2018. More interesting news about Aecon Group Inc. (TSE:ARE) were released by: Cbc.ca and their article: “Chinese construction firm CCCI to buy Canada’s Aecon for $1.5B” published on October 26, 2017 as well as Theglobeandmail.com‘s news article titled: “China’s state-owned Aecon buyer to install Communist Party unit” with publication date: January 18, 2018.

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