BMO Capital Resumes Coverage with a Hold Rating on Aecon Group Inc. (ARE)

In a report released yesterday, Devin Dodge from BMO Capital resumed coverage with a Hold rating on Aecon Group Inc. and a price target of C$45.00.

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Dodge covers the Industrials sector, focusing on stocks such as Aecon Group Inc., Brookfield Business Partners, and Wajax Corporation. According to TipRanks, Dodge has an average return of 14.3% and a 70.34% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Aecon Group Inc. with a C$42.96 average price target.

Based on Aecon Group Inc.’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$1.54 billion and a net profit of C$20.7 million. In comparison, last year the company earned a revenue of C$1.27 billion and had a net profit of C$14.03 million

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ARE in relation to earlier this year.