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RBC Capital Remains a Buy on AtkinsRealis (SNCAF)

Tipranks - Wed Jan 7, 8:00PM CST

In a report released on January 5, Sabahat Khan from RBC Capital maintained a Buy rating on AtkinsRealis, with a price target of C$123.00. The company’s shares closed yesterday at C$92.81.

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Khan covers the Industrials sector, focusing on stocks such as AtkinsRealis, Aecon Group Inc., and Aecom Technology. According to TipRanks, Khan has an average return of 7.8% and a 53.56% success rate on recommended stocks.

Currently, the analyst consensus on AtkinsRealis is a Strong Buy with an average price target of C$119.22.

Based on AtkinsRealis’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$2.81 billion and a net profit of C$146.68 million. In comparison, last year the company earned a revenue of C$2.43 billion and had a net profit of C$103.7 million

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SNCAF in relation to earlier this year.

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