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

Aecon Group Inc (ARE.TO)

43.71

-0.37 (0.84%)

as of Jun 19, 2026, 8:00:01 pm Market Open.

277 watching

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.

PAST TOP PICK

(A Top Pick Jun 13/18, Up 27%) It is hard to make money in these construction companies. They had a good backlog and SNC-T is having trouble bidding on contracts. They are great until they have one of these big write-down's. The company has never looked better.

DON'T BUY

She doesn't own this space, because these companies suffer cost overruns on the construction side. Also, government pledges to build infrastructure a few years ago have been slow to ramp up. These companies also need to make acquisitions to grow. She is watching WSP Global which is purely in services--and she prefers WSP.

PAST TOP PICK

(A Top Pick Oct 11/18, Up 18%) Also a top pick today. Still more upside coming, moving more into recurring revenue. In their last report, sales 22% better than expected and earnings were 50% better than expected.

TOP PICK

Great opportunities here. Also a past top pick today. It pays a 3% dividend yield. Cash flow is up 77% in the past year; a great 10.2% free cash flow yield. Last week's report said that sales were 22% better than expected and EPS were up 47% YOY. (Analysts’ price target is $23.36)

PARTIAL BUY

He likes how they look, but is not holding it yet. He was happy to see the takeover was blocked and that it is remaining in Canada. The new CEO has a global reach and will be a good asset for when the company bids outside of Canada. The valuation is back down and it has a 3.4% dividend, trading at 16 times earnings. You could start to build a long position here.

DON'T BUY

Very well-run and he likes it. Last year, a Chinese company tried to take over ARE. Since then, ARE has rebuilt. There are problems with SNC that could benefit peers like ARE. ARE's valuation is too high for him. He may step in if that valuation were 10-15% lower.

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Aecon Group Inc (ARE.TO)