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Atkinsrealis Group Inc
Symbol ATRL
Shares Issued 174,838,551
Close 2024-11-15 C$ 73.03
Market Cap C$ 12,768,459,380
Recent Sedar Documents

Globe says Atkinsrealis Group seen "on the right track"

2024-11-15 08:11 ET - In the News

The Globe and Mail reports in its Friday, Nov. 15, edition that National Bank Financial analyst Maxim Sytchev is maintaining his "outperform" recommendation for Atkinsrealis Group. The Globe's David Leeder writes in the Eye On Equities column that Mr. Sytchev raised his share target to $76 from $74. Analysts on average target the shares at $74.50. The Globe says Mr. Sytchev sees Atkinsrealis Group "staying on the right track" and believes "compounding can continue." Mr. Sytchev says in a note: "Numbers are getting cleaner as time is progressing and critically FCF improvements are taking hold even though it's very hard to model the fluctuations in non-cash working capital. Comments around Q4/24 organic growth facing a headwind due to tough comps and project sequencing should not be concerning given backlog growth. With investors using Atkins shares now as a proxy for nuclear sentiment, we have been getting some whippy momentum depending on what the market is seeing in the U.S. from the likes of Nuscale/BWX. Resumption of FCF generation on an annualized basis is critical; we saw how powerful that dynamic was with GE. ... We can however say that operational improvements are moving in the right direction."

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