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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
valuation icon
Valuation
Overvalued
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Similar
Atkins, ATK
WATCH
Sold off a little but is starting to recover. It needs a little break above $12.50 and if it gets that, the stock should start to move back up again. Probably a good place to be in long-term.
BUY
Bullish on infrastructure re-build. Continued government spending is very favorable for them.
BUY
With their orders, #407 development, future infrastructure plays, etc. he does feel the future bodes well.
BUY
Well run company and with the backlog they have revenue visibility for the next while is quite good. Looking to acquire Cow Harbour Construction, which is leveraged to oil sands construction.
TOP PICK
Good thing about last earnings release was their huge backlog. Market should value them for announced new projects AND huge backlog. Pretty good risk/reward in this stock.
PAST TOP PICK
(A Top Pick Aug 10/09. Up 1.05%.)
TOP PICK
Convertible 7% bond maturing Sept 30/14. Stock is appropriately priced so this is a safer way to get into the infrastructure play.. Fantastic balance sheet. No debt.
PAST TOP PICK
(Top Pick Dec 2/09, Down 23%) Was a stimulus/valuation play. Backlog has grown to a record level. Balance sheet is in great shape. Earnings should improve this year.
HOLD
Disappointing to him. Tremendous backlog of projects. Good earnings. Not sure why it is not being rewarded by the market. A bit of a small float and can be volatile. Earnings should increase.
BUY
Reasonable long-term because if there is no economic growth, there will be another stimulus package. Oil prices are back to a level where construction projects are starting to line up again for the oil sands.
STRONG BUY
A lot of big contract announcements at the beginning of the year and then all of a sudden it went quiet. Will take some time. Looking for some really good earnings starting in 2011. Great balance sheet.
BUY
One way to play it is through the convertible debentures. Maybe the whole balance of 2010 the earnings may look lousy but you have to stick with it.
TOP PICK
AECON convertible debenture 7%. Upside if stock starts to take off. 6% yield.
DON'T BUY
SNC Lavalin (SNC-T) versus Aecon (ARE-T)? Doesn't like either of them. SNC fair market value has not been taking off because of infrastructure spending, which has been desperately slow in getting out. Still trading at 4X book. Less massive downside risk with Aecon but also doesn't have particularly good FMV.
TOP PICK
Infrastructure and her big beneficiaries of the current construction season. Now has a record backlog. Others in the group also looked attractive at their prices.
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