| Over a week ago | ||||
BMO Capital analyst Devin… BMO Capital analyst Devin Dodge upgraded Aecon Group to Outperform from Market Perform with a price target of C$15, up from C$12, after reinstating coverage of the name. There is an improving risk/reward for the shares due to strong demand fundamentals, moderating financial leverage and legacy fixed-price projects nearing completion, with potential claims recoveries representing incremental upside, the analyst tells investors in a research note. The firm calls Aecon an "under-the-radar small cap idea." | ||||
| Over a month ago | ||||
RBC Capital analyst… RBC Capital analyst Sabahat Khan lowered the firm's price target on Aecon Group to C$14 from C$15 and keeps a Sector Perform rating on the shares. | ||||
Desjardins lowered the… Desjardins lowered the firm's price target on Aecon Group to C$19 from C$21 and keeps a Buy rating on the shares. | ||||
TD Securities analyst… TD Securities analyst Michael Tupholme lowered the firm's price target on Aecon Group to C$14.50 from C$16 and keeps a Hold rating on the shares. | ||||
RBC Capital raised the… RBC Capital raised the firm's price target on Aecon Group to C$15 from C$12 and keeps a Sector Perform rating on the shares. | ||||
Desjardins analyst Benoit… Desjardins analyst Benoit Poirier raised the firm's price target on Aecon Group to C$21 from C$19 and keeps a Buy rating on the shares. | ||||
Canaccord analyst Yuri… Canaccord analyst Yuri Lynk raised the firm's price target on Aecon Group to C$14 from C$11 and keeps a Hold rating on the shares. | ||||
Stifel raised the… Stifel raised the firm's price target on Aecon Group to C$13.75 from C$11.50 and keeps a Hold rating on the shares. | ||||
TD Securities raised the… TD Securities raised the firm's price target on Aecon Group to C$16 from C$12.50 and keeps a Hold rating on the shares. | ||||
| Over a quarter ago | ||||
As previously reported,… As previously reported, Desjardins analyst Benoit Poirier upgraded Aecon Group to Buy from Hold with a price target of C$19, up from C$15, following "encouraging" Q4 earnings results. The analyst noted that Aecon's Q4 fully diluted EPS of C26c, which was above the consensus of C22c as well as the firm's forecast of C24c. Desjardins was also positive on the company's selling of its roadbuilding business at an "attractive multiple." The firm called both of these items "positive signs that underscore the strength of the management team." | ||||
