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)
The stock has done nothing since 2010. It is finally coming back to where it was in 2010. He doesn’t see much opportunity for dividend growth or capital appreciation with this stock. His model price is $44 (the stock is $59 today). (Analysts’ price target is $69)