AtkinsRealis (SNCAF) Receives a Buy from CIBC

CIBC analyst Krista Friesen maintained a Buy rating on AtkinsRealis today and set a price target of C$127.00.

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According to TipRanks, Friesen is a 4-star analyst with an average return of 8.1% and a 44.95% success rate. Friesen covers the Industrials sector, focusing on stocks such as Air Canada, Bombardier, and AtkinsRealis.

In addition to CIBC, AtkinsRealis also received a Buy from Stifel Nicolaus’s Ian Gillies in a report issued on March 4. However, on March 1, TipRanks – Anthropic downgraded AtkinsRealis (Other OTC: SNCAF) to a Hold.

Based on AtkinsRealis’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$2.93 billion and a net profit of C$95.01 million. In comparison, last year the company earned a revenue of C$2.53 billion and had a net profit of C$52.45 million

Based on the recent corporate insider activity of 19 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.