TSE:ARE

Aecon Group Inc (ARE.TO)

48.86
-1.43 (2.84%)
as of Jul 28, 2026, 8:00:01 pm Market Open.
426 watching
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Investor Insights
star iconJul 28, 2026, 12:00 am

This summary was created by AI, based on 18 opinions in the last 12 months.

Aecon Group Inc (ARE-T) has garnered positive attention from various analysts, highlighting its strong involvement in Canada's infrastructure and nuclear projects. The company boasts a record backlog of $10.9 billion, indicating significant future revenue potential. Analysts noted a shift towards more sustainable variable-price contracts, reducing risks associated with fixed-price contracts from the pandemic era. Despite the challenging construction environment, Aecon's growth trajectory and steady dividend yield of around 2.70% to 3.10% have attracted investor interest. However, some experts suggest caution regarding potential pullbacks and short-term volatility, calling for careful monitoring of the stock's performance as they navigate through legacy projects and capitalize on new opportunities in the infrastructure sector.

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Consensus
Hold
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Valuation
Fair Value
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BUY ON WEAKNESS
Infrastructure. Dependent on governments to build roads, bridges, etc. Theory was they would be big beneficiaries but government finances have been crumbling. Probably getting to the point where it is a good investment because governments have to invest in infrastructure.
TOP PICK
This infrastructure play is not priced that high and neither is his target but there are going to be a lot of roads and buildings taking place with government money right now and the contracts have been signed. This is one of the largest in this space. Looking for $3-$4 move up.
DON'T BUY
Seasonally the best time for this is around the middle of October of each year and continues to go higher through until the end of May. Stock just broke a key support level and has now established a downward trend.
TOP PICK
Safe way of having some exposure to infrastructure. Acquired Lockerbie & Hole near the bottom of the market early 2009 and has turned out to be a great acquisition. He sees 2 or 3 years of baked in 15% growth that can't really get derailed.
BUY
A fine company. Infrastructure is a good place to be.
PAST TOP PICK
(Top Pick Feb 2/09, Up 39.97%)
WAIT
Likes it. Doesn’t know how earnings will come out but they have a very large backlog and are winning contracts on a regular basis. Don’t buy right before earnings.
TOP PICK
A terrific growth story in the last few years. Benefiting enormously from infrastructure spending. Project backlog is now $2 billion and still growing. Low dividend but more of a growth story. Good management.
PAST TOP PICK
(A Top Pick Feb 2/09. Up 39%.) Well positioned. Getting a lot of projects in Ontario, out West and in the oil sands. Has a couple of good years of growth ahead of it. Trading at about 4-5 times operating cash flow. Still a Buy.
TOP PICK
Primarily Canadian infrastructure with toll crossroad in Israel and Ecuador airport as big contracts. Acquired an oil sands and oil sands related company in February, which won the big fire-bag restart from Suncor (SU-T). Stock really moved on this but has now pulled back. Good backlog.
BUY
(Market Call Minute.) Well managed construction company. Leveraged to oil sands.
BUY
Canada's largest infrastructure and construction company. Bidding on an unprecedented number of infrastructure plays. Great balance sheet.
TOP PICK
All the contracts are now being signed and putting them together you get a growing infrastructure play, which isn't so dependent on the economy. Trading at 12X next years earnings.
PAST TOP PICK
(A Top Pick Feb 2/09. Up 50.24%.) Undervalued at 4-5 times cash flow and is a great growth story. Key player in infrastructure projects. Still a Buy.
DON'T BUY
Convertible debentures. Does not recommend these. Yield to maturity is very low at just over 5% and these are non-investment grade securities. Yield on the underlying unit is about 1.2%.
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