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Aecon Group's stock rose on mixed analyst outlooks despite weak margins, with earnings at C$0.52 and revenue at C$1.54 billion.
Analysts have issued mixed outlooks for Aecon Group (TSE:ARE), with Canaccord Genuity raising its price target to C$52.00, citing strong earnings and infrastructure positioning, while Stifel Nicolaus lowered its target to C$28.75, maintaining a “hold” rating.
The company reported C$0.52 EPS and C$1.54 billion in revenue for the quarter, with a net margin of 0.28% and return on equity of 1.66%.
Market capitalization is C$2.57 billion, and the stock traded at C$40.66 on Monday, up C$0.25, with elevated volume.
Analysts project full-year earnings of about C$1.38 per share, and the consensus target remains C$37.48, with an average “hold” rating.
La acción de Aecon Group subió con perspectivas mixtas de los analistas a pesar de márgenes débiles, con beneficios de 0,52 dólares canadienses y unos ingresos de 1.540 millones de dólares canadienses.