CIBC Keeps Their Buy Rating on AtkinsRealis (SNCAF)
CIBC analyst Krista Friesen maintained a Buy rating on AtkinsRealis today and set a price target of C$122.00. The company’s shares opened today at $70.26.
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Friesen covers the Industrials sector, focusing on stocks such as Stantec, Badger Infrastructure Solutions, and Bird Construction. According to TipRanks, Friesen has an average return of 6.2% and a 49.38% success rate on recommended stocks.
Currently, the analyst consensus on AtkinsRealis is a Strong Buy with an average price target of $82.56, which is a 17.51% upside from current levels. In a report released on October 6, Stifel Nicolaus also maintained a Buy rating on the stock with a C$131.00 price target.
Based on AtkinsRealis’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.7 billion and a net profit of $2.32 billion. In comparison, last year the company earned a revenue of $2.34 billion and had a net profit of $82.19 million
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SNCAF in relation to earlier this year.
