RBC Capital Keeps Their Hold Rating on Aecon Group Inc. (ARE)
RBC Capital analyst Sabahat Khan maintained a Hold rating on Aecon Group Inc. yesterday and set a price target of C$49.00.
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According to TipRanks, Khan is a 4-star analyst with an average return of 8.0% and a 52.10% success rate. Khan covers the Industrials sector, focusing on stocks such as Aecon Group Inc., Republic Services, and Waste Connections.
In addition to RBC Capital, Aecon Group Inc. also received a Hold from Stifel Nicolaus’s Ian Gillies in a report issued on April 30. However, on the same day, TD Cowen maintained a Buy rating on Aecon Group Inc. (TSX: ARE).
Based on Aecon Group Inc.’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$1.26 billion and a GAAP net loss of C$17.92 million. In comparison, last year the company earned a revenue of C$1.06 billion and had a GAAP net loss of C$37.93 million
Based on the recent corporate insider activity of 45 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.
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- Aecon Group price target raised to C$62 from C$59 at TD Securities
- Aecon Group price target raised to C$52 from C$48 at CIBC
- Aecon Group price target raised to C$49 from C$44 at RBC Capital
- Aecon Group price target raised to C$56 from C$52 at Canaccord
- Aecon Group price target raised to C$46 from C$44.50 at Stifel
