Aecon Group Inc. (ARE.TO) has had a mixed week, highlighted by a record backlog reported in its recent earnings.
This week, Aecon Group Inc. saw its stock rise by 1.82% on Friday, but it’s down 2.14% overall for the week. Investors are reviewing the company’s latest financial results, which included a record backlog, and considering what this means for future performance.
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Aecon Group Inc.
ARE.TO
ARE.TO
Aecon Group Inc.
WealthAwesomeMarket cap
$3.06B
Div. yield
1.74%
Div. / share
$0.77
52W high
$57.47
52W low
$21.95
1W change
-2.14%
Beta
1.21
Analyst Price Targets
Based on analyst covering ARE · as of Sep 17, 2026
Wall Street analysts forecast ARE stock price to rise 27.5% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$57.00
+27.5% Upside
Current Price
C$44.71
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on ARE's historical volatility
30-Day Vol
43.0%
Annualized
90-Day Vol
49.5%
Annualized
Trend (90d)
+15.8%
Annualized drift
90d Mean
C$49.24
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$47.42 | C$40.89 – C$55.01 |
| 60 trading days | C$48.33 | C$39.18 – C$59.61 |
| 90 trading days | C$49.24 | C$38.09 – C$63.67 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Investor takeaway: Aecon's strong backlog suggests potential growth, but the company is currently facing profitability challenges. Investors should weigh these factors carefully when evaluating the stock.
Record Backlog of $10.9 Billion
Aecon's backlog of $10.9 billion positions it well for future revenue growth, though profitability remains a concern.
Bull case
The company’s record backlog of $10.9 billion indicates strong future growth potential. Aecon is optimistic about surpassing 2025 revenue levels in 2026, which suggests a positive outlook for its financial performance.
Bear case
However, Aecon's negative profit margin and return on equity raise concerns about its financial health. These issues could hinder its ability to take advantage of growth opportunities.
Recent Price Action
On Friday, Aecon Group Inc. (ARE.TO) closed at C$47.48, reflecting a daily gain of 1.82%. Despite this, the stock has declined by 2.14% over the past week and is down 5.48% month-to-date. Year-to-date, Aecon has performed well, with a 41.85% increase, showing strong performance compared to the broader market.
Company News and Web Headlines
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This week, Aecon reported its record backlog of $10.9 billion in its first-quarter 2026 results, a positive sign for future revenue growth. The company also noted a 28% increase in full-year revenue for 2025, reaching $5.4 billion. Additionally, Aecon's joint venture has progressed the GO Expansion rail transit project by executing alliance contracts, further strengthening its position in the infrastructure sector. Other announcements included filing a short form prospectus for a common share offering and renewing its normal course issuer bid.
Technical Picture
Currently, Aecon is trading above its 50-day moving average (MA) of C$47.12 by 0.8% and well above its 200-day MA of C$41.99 by 13.1%. The stock's 52-week range has been between C$21.95 and C$57.47, indicating it is currently trading at 72% of its range. With a beta of 1.21, Aecon's stock is slightly more volatile than the market average. Recent trading volume was 42,066 shares, significantly lower than the 20-day average volume of 362,137 shares, suggesting reduced trading activity.
Insider Activity
No notable insider activity has been reported this week.
Price Action Summary
Aecon Group Inc. closed at C$47.48 on Friday, showing a daily increase of 1.82%. Despite recent fluctuations, the stock remains significantly up year-to-date.
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