07:34:46 EDT Tue 22 Oct 2024
Enter Symbol
or Name
USA
CA



Atkinsrealis Group Inc
Symbol ATRL
Shares Issued 175,136,116
Close 2024-09-26 C$ 53.67
Market Cap C$ 9,399,555,346
Recent Sedar Documents

Globe says Atkinsrealis Group rated "buy"

2024-09-27 08:14 ET - In the News

The Globe and Mail reports in its Friday edition that TD Cowen analyst Michael Tupholme has a "buy" recommendation on Atkinsrealis Group, which he targets at $76. The Globe's David Leeder writes in the Eye On Equities column that Mr. Tupholme named Atkinsrealis to TD Cowen's "Canada Best Ideas" list. Mr. Tupholme says in a note: "We are positive on Atkinsrealis's outlook and see the stock's risk/reward profile as attractive. Atkinsrealis's core engineering services regions and nuclear segments are well positioned to continue realizing strong organic revenue growth (up 14.9 per cent year-over-year and 31 per cent year-over-year), supported by robust backlogs and favourable demand trends. Regarding margins, management is focused on driving margin improvement in Atkinsrealis's largest segment (engineering services regions, which accounts for 75 per cent of Atkinsrealis's consolidated TTM [trailing 12-month] revenue). Finally, with leverage at 1.9 times net recourse debt-to-EBITDA and cash flow expected to show meaningful improvement this year, Atkinsrealis has considerably more capital allocation flexibility than in recent years. We believe that some investors underappreciate management's focus on margin improvement."

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