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Strategies & Market Trends : Dino's Bar & Grill
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To: Goose94 who wrote (64438)9/3/2021 2:23:35 PM
From: Goose94Read Replies (2) of 203020
 
Aecon Group (ARE-T) top pick from Robert McWhirter on BNN.ca Market Call Friday Sept 3rd @ 1200ET

$1.2 billion market cap. A Canada-based construction and infrastructure development company. It operates through four segments: Infrastructure, Energy, Mining and Concessions.

Aecon has a 3.2 per cent dividend yield equal to 22 per cent of four quarter trailing cash flow. Aecon’s free cash flow grew 78 per cent year-over-year to $111 million, an attractive 12.3 per cent free cash flow yield.

Aecon reported July 22, 2021: year-over-year sales per share grew 27 per cent with a 124 per cent increase in cash flow per share and a 613 per cent increase in earnings per share.

This was a 17 per cent earnings surprise. Earnings estimates for calendar year 2022 have increased 9 per cent in the past 90 days.

Earnings are forecast to grow by 31 per cent in calendar year 2022 resulting in a 14.8 forecasted P/E multiple. ARE is expected to report earnings on October 26, 2021. The forecast of $0.55 versus $0.36 is a 53 per cent increase.

Tony Popowich, technical analyst at IA Securities noted on August 29, 2021 “The stock is now probing the neckline of a massive 13-year ascending triangle basing formation at the $22.00 zone. A sustained breakout would introduce longer-term technical upside in excess of $40.00, implying potential upside of 88 per cent.
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