Aecon Group (TSE:ARE) Cut to “Hold” at National Bank Financial

National Bank Financial downgraded shares of Aecon Group (TSE:ARE) from a strong-buy rating to a hold rating in a research note released on Tuesday morning,Zacks.com reports. National Bank Financial also issued estimates for Aecon Group’s Q3 2025 earnings at $0.52 EPS.

Other research analysts have also recently issued reports about the company. BMO Capital Markets upped their price objective on Aecon Group from C$16.50 to C$27.00 in a report on Monday, November 4th. TD Securities raised Aecon Group from a “hold” rating to a “buy” rating and upped their price target for the company from C$23.00 to C$35.00 in a research note on Monday, November 4th. CIBC raised their price objective on Aecon Group from C$25.00 to C$29.00 in a research report on Monday, November 4th. Stifel Nicolaus upped their target price on shares of Aecon Group from C$30.00 to C$31.00 in a research report on Friday, October 4th. Finally, Canaccord Genuity Group lifted their price target on shares of Aecon Group from C$28.00 to C$33.00 in a research report on Monday, November 4th. Six analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$26.80.

Aecon Group Price Performance

Shares of ARE stock opened at C$28.10 on Tuesday. The firm’s 50-day moving average is C$25.33 and its two-hundred day moving average is C$19.83. Aecon Group has a 12 month low of C$11.50 and a 12 month high of C$29.70. The company has a debt-to-equity ratio of 32.86, a current ratio of 1.35 and a quick ratio of 1.27. The company has a market capitalization of C$1.75 billion, a PE ratio of -104.07, a price-to-earnings-growth ratio of 18.18 and a beta of 1.13.

Aecon Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 2nd. Investors of record on Wednesday, October 2nd were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.70%. The ex-dividend date was Friday, September 20th. Aecon Group’s payout ratio is currently -281.48%.

About Aecon Group

Aecon Group Inc, together with its subsidiaries, provide construction and infrastructure development services to private and public sector clients in Canada, the United States, and internationally. It operates through two segments, Construction and Concessions. The Construction segment focuses on civil infrastructure, urban transportation solutions, nuclear power infrastructure, utility infrastructure, and conventional industrial infrastructure market sectors.