RBC Capital Remains a Hold on Aecon Group Inc. (ARE)

In a report released on April 27, Sabahat Khan from RBC Capital maintained a Hold rating on Aecon Group Inc., with a price target of C$44.00. The company’s shares closed yesterday at C$49.13.

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According to TipRanks, Khan is a 4-star analyst with an average return of 8.1% and a 52.30% success rate. Khan covers the Industrials sector, focusing on stocks such as Waste Connections, Aecon Group Inc., and Jacobs Solutions.

In addition to RBC Capital, Aecon Group Inc. also received a Hold from Stifel Nicolaus’s Ian Gillies in a report issued on April 17. However, on the same day, Canaccord Genuity maintained a Buy rating on Aecon Group Inc. (TSX: ARE).

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 48 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.