Stock price when the opinion was issued
Very strong portfolio of engineering and design and consulting. Plays into infrastructure, energy, and environment. Focus on nuclear will be important, with 15% of revenue coming from there. If Hwy 407 were sold at a good price, would be a catalyst to create value (but he wouldn't buy something just because there might be a deal down the road). Yield is 0.1%.
(Analysts’ price target is $70.31)
He likes it and it has moved a little lately. They've settled a few lawsuits and are putting their problems behind. Highway 407 has been a fantastic asset for them. SNC has touched $60 for the first time in a while and he sees 10-15% upside in the next 12 months. Be patient. Over the next few weeks you could buy this for a dollar or two lower.