In a report released yesterday, Michael Tupholme from TD Cowen maintained a Buy rating on AtkinsRealis, with a price target of C$125.00.
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Michael Tupholme has given his Buy rating due to a combination of factors that highlight AtkinsRealis’s promising growth prospects. The company’s Nuclear business is poised for significant expansion, driven by both refurbishment projects and new-build opportunities. Additionally, the Engineering Services Regions (ESR) segment is expected to see a substantial increase in organic growth by the fourth quarter of 2025, alongside potential margin improvements.
Furthermore, AtkinsRealis’s strong financial position, characterized by a robust balance sheet, enhances its capability to pursue strategic acquisitions, particularly within the ESR business. The market appears to undervalue the company’s Nuclear growth potential, suggesting room for valuation expansion. Overall, strong execution in organic growth and margin enhancement, coupled with potential nuclear awards and further ESR acquisitions, are anticipated to drive AtkinsRealis’s stock performance positively.
In another report released on November 26, RBC Capital also maintained a Buy rating on the stock with a C$125.00 price target.