Aecon Group Inc (ARE.TO) Buy, Sell or Hold

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Aecon Group Inc (ARE.TO)

49.50

-0.33 (0.66%)

as of Jul 8, 2026, 8:00:00 pm Market Open.

427 watching

Investor Insights

Jul 8, 2026, 12:00 am

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

Aecon Group Inc (ARE-T) is poised to benefit from the significant infrastructure investment in Canada, with a record backlog reaching over $10.9 billion. Analysts note the shift from riskier fixed-price contracts to more sustainable variable-price contracts, enhancing cash flow stability. While the stock has shown substantial growth recently, with many experts indicating it is currently overbought, there are concerns about short-term volatility. The company's exposure to nuclear projects and ongoing expansion in infrastructure signals promising future growth, despite mixed views on its current valuation. Overall, investors should be cautiously optimistic as Aecon navigates through a challenging construction landscape.

Consensus

Hold

Valuation

Fair Value

Similar

WSP

COMMENT

BAM vs ARE? He likes BAM and it is a core holding. They are involved in infrastructure with great cash flowing assets. In a low interest rate environment it will continue to do well. ARE is benefiting from taking on fixed pay contracts, which he views as being a little more risky. He would favour BAM.

PAST TOP PICK

(A Top Pick Apr 29/19, Down 23%) Their earnings were reported last night to be better than expected. Unfortunately, he was stopped out earlier. Earnings outlooks have been marked down as well.

BUY

He has been purchasing this lately at higher levels even. It has performed poorly in share price, despite how well the cash flow profile is good and the dividend was raised by 10%. Their growth is pretty much assured as they continue to win bids on infrastructure projects. It appears to be on sale to him right now. Yield 4%

BUY

Likes it. It's an infrastructure play with decent projects in the pipeline out west. They're well-positioned. If you've come out of SNC Lavalin, ARE would be a great play. Buy this for the long term, not six months. Infrastructure will happen, for example, we need more energy infrastructure.

BUY

He sees pretty clear sailing for Aecon. The government spending on housing and projects could offer opportunity for them to participate. Might be able to buy this stock at $15, but you could even enter now. Dividend of 3.8%. (Analysts’ price target is $22.00)

BUY

They have had a lot of contract wins lately. They won the TransMountain Expansion project, for example. They are working on the Gordie Howe bridge in Windsor. There has been a concern regarding order back logs. With a minority government now, he thinks there could be another push towards infrastructure projects. Better to own than SNC Lavalin.

COMMENT

Their takeover bid failed in May 2018; the Chinese weren't allowed to buy it. Last quarter, they had slightly weak numbers, but their order book has never been busier for the next 4 years, and the Liberals may spend money on infrastructure going forward. The stock has sold off, so it's worth looking at now.

BUY

Loves the chart. Since mid-2019, it's had a strong uptrend that continues. Add to this.

PAST TOP PICK

(A Top Pick Oct 11/18, Up 16%) It is continuing to do well and it continues to rank well in his dividend strategy.

PAST TOP PICK

(A Top Pick Sep 28/18, Up 20%) Since recommending it’s beat every quarter. It’s also given a bright forward looking statement for 2020. They’re also helped with the SNC mess. They have an excellent balance sheet and back orders. Currently trading at a reasonable 17 times and probably has more to go.

PAST TOP PICK

(A Top Pick Sep 28/18, Up 17%) Strong balance sheet and still has good growth. Backlog of $6.7 billion still high. Just beat their Q2 by 10%. You can play offence and defence with this. Governments need to do infrastucture.

TOP PICK

Earnings were positive -- up 86% -- and expected up 26% next year. They are now generating great free cash flow, which goes directly to the bottom line. Target price is $25.50. Technical analysts target $28. Yield 2.84% (Analysts’ price target is $25.14)

PAST TOP PICK

(A Top Pick Sep 07/18, Up 18%) Government spending on infrastructure will continue and even outpace GDP. Also, ARE operates leanly. It's a risky sector, but ARE will continue to do well.

PAST TOP PICK

(A Top Pick Jun 21/18, Up 29%) They beat their Q1 with construction revenue up 36%, with an improving balance sheet which helps them bid for new contracts. They have a backlog of $7 billion in projects. They can bid selectively for higher-margin business. Lots of room for growth. It's cheap vs. its peers. Buy on a pullback.

BUY

Infrastructure now? One of his potential Top Picks. The ascending triangle is bullish and his fundamental analyst is also bullish. A break out above $20 would project a move up towards $22.

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Aecon Group Inc (ARE.TO)