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TSE:ARE

Aecon Group Inc (ARE.TO)

45.99
-1.24 (2.63%)
as of Aug 19, 2026, 8:00:00 pm Market Open.
423 watching
0
Investor Insights
star iconAug 19, 2026, 12:00 am

This summary was created by AI, based on 17 opinions in the last 12 months.

Aecon Group Inc (ARE-T) has garnered a favorable outlook from various experts despite challenges within the construction and engineering sectors. The company boasts a record backlog of over $10 billion, primarily driven by infrastructure spending and a strong focus on nuclear projects in Canada. Analysts appreciate the transition towards variable-price contracts, which has led to improved cash flow and earnings stability. The stock has exhibited significant growth recently but is also viewed as overbought in the short term by some reviewees, suggesting potential pullbacks. Overall, there is a sense of cautious optimism surrounding Aecon's future performance, particularly with the anticipated increase in infrastructure investments and the clearing of legacy projects that have burdened the company.

consensus icon
Consensus
Hold
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Valuation
Overvalued
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Similar
Atkins, ATK
DON'T BUY
Sold off in 2008 and then did a double base formation in 2009. Now falling back and should find support around $8.60. Below $8 would be a buying opportunity, but be sure it is not falling below the 200 day moving average.
DON'T BUY
Wants to see some changes in the earnings profile before he goes in. Looking at the economic backdrop, they should be very well positioned. Have been struggling in some of their divisions, have had some management changes and struggling with earnings growth.
PAST TOP PICK
(Top Pick May 17/10, Down 16.84%) This is an execution problem. They have a record backlog. All they have to do is deliver profitably on the backlog. Last two quarters they didn’t. He is hanging on. Thinks it will come back.
BUY
They had disappointed last year and pre-announced a contract loss. Now, have a better outlook and a record outlook. Under $10 is a good entry point.
WAIT
Were very comfortable with the investment. Recently they fell on hard times due to profitability. They bid too aggressively in projects. Usually new management comes into the business and turns it around but it will take some time. 2 – 3 quarters.
HOLD
Starting to look like fairly good value. Had a change of management. Take on a lot of the construction risks with their projects. (See Top Picks.)
BUY
Took over a Suncor (SU-T) project of $200 million and ended up losing about $52 million. Thinks they have learned. President resigned. At $9 and lower it is back in value territory. Doesn’t see the 2% dividend at risk.
PAST TOP PICK
(A Top Pick Match 15/10. Down 32.87%.) Engineering and construction. Have a record backlog. Did a fixed price bid on oil sands and ended up losing money. Revenues are going to be there. Extremely cheap valuation.
PAST TOP PICK
(A Top Pick Feb 8/10. Down 35.86%.) Strength has been in winning bids but apparently winning by bidding too low. Got killed on the Suncor (SU-T) contract because of unforeseen extras and difficulties. Now trading at book value and have a lot of business with variable price contracts on the books. If he sees any more flaws in execution, he will be selling.
COMMENT
Stock fell when they announced a loss on an oil sands project. If you like the infrastructure space, this is not particularly expensive now.
DON'T BUY
Sold his holdings when it disappointed as a stock. Company seems to do well. Prefers Churchill (CUQ-T).
DON'T BUY
Industrial products sector has seasonality from October through until May. This one has had that seasonality in the past but technicals right now are not looking that great. Chart is showing a downward trend. Trying to show signs of support that would seem to imply that downside risk is relatively low.
DON'T BUY
Pretty good company but like a lot of construction companies, they tend to have boom, bust, boom, bust depending on certain projects that drive things. This is one that has its ups and downs and wouldn’t be one that he would own through the cycles. If he owned one, it would be Genivar (GNV-T).
PAST TOP PICK
(Top Pick Jan 29/2010, Down 25.79%) Still likes it. Picked up a lot of business. Stimulus companies took longer than then thought to get the contracts from stimulus packages. He is going to hang in. It will take longer.
TOP PICK
(Top Pick Dec 2/09, Down 31%) really bad timing. He is not giving up hope. He thought there would be more infrastructure spending. The ship is now righting itself. Feels really good about 2011. The market has punished them enough. Focusing on Transportation, power and oil sands, all three of which will show good growth going forward.
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