TSE:ATRL

AtkinsRéalis Group Inc. (ATRL.TO)

83.44
-0.56 (0.67%)
as of Sep 1, 2026, 8:00:00 pm Market Open.
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Investor Insights
star iconSep 1, 2026, 12:00 am

This summary was created by AI, based on 10 opinions in the last 12 months.

AtkinsRéalis Group Inc. (ATRL) is facing mixed sentiments among experts. While some see the company as being undervalued despite recent pressures, especially related to concerns about AI impacting engineering firms, others express caution due to the potential risks involved in their nuclear segment, which has not seen significant market success. Comparatively, ATRL is often discussed alongside Stantec, with some experts preferring Stantec for long-term performance. The company enjoys a strong position in the AI data center construction sector, which is expected to benefit from federal projects in Canada. Nevertheless, fears surrounding AI's role in the industry persist, leading to skepticism about engineering stocks overall, although analysts highlight ATRL's nuclear exposure as a significant asset, which may support future growth.

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Consensus
Cautious
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Valuation
Undervalued
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PAST TOP PICK
(A Top Pick June 22/10. Up 19.05%.) Still a buy.
COMMENT
10th largest engineering firm globally. Likes it but almost always feels that it is too expensive but cheaper than some of its comparators. Developing world needs a lot of help in water projects, mining, energy development, etc. Cut their teeth doing hydraulic work in Quebec. Good thing to hold for the long haul.
DON'T BUY
Missed their earnings last week and this tends for him not to own the stock. Trades at about 25X forward earnings with a high single digit growth rate expected. Prefers others.
TOP PICK
Construction engineering with over $6 billion in back logs. Contrarian call. Building an airport and man made river in Libya and had to exit temporarily. Good earnings visibility on earnings and revenues. Trades at a slight discount to its US competition.
PAST TOP PICK
(A Top Pick May 10/10. Up 20.46%.) Just reported. Took a hit on Libya.
TOP PICK
Global engineering construction company. 50% of revenues are from outside Canada. 7% of revenues are from Libya so the stock pulled back to a very attractive entry level. When they reported their backlog, they took Libya out which accounted for about $1 billion. Recently increased their dividend.
TOP PICK
Dipped recently. Market has over-reacted to its Libya exposure. It’s 2% of their cash flow and they are down 6. Libya is going to need the infrastructure projects more than before the war. You’re buying it at a discount.
PARTIAL BUY
57% of revenue outside of North America, which gives exposure to emerging markets. Brazil is a big area for them now. Environmental and green energy is going to be a big move forward. For every project they build, usually end up with the maintenance contract. Conside half a position now and the balance under $50.
DON'T BUY
It’s not one that he has a core position in. Wanted to stay away from North American situation because it will probably get worse before it gets better.
BUY ON WEAKNESS
Libyan effect has created a buying opportunity. Substantial global exposure. Looking at current PE, likes it and this is a good entry point. You might want to buy it at a couple of points lower if markets are tacky.
TOP PICK
A play on global infrastructure. Stock is off more than 10% because of the Libyan situation where they have 3 projects. Even if those projects where to go to zero, it is only a $0.05 to $0.10% earnings hit. World class company and will continue to grow.
BUY
Took a real hit, partly because they had a big project in Libya. Sell off is probably a buying opportunity. Well managed. Global.
BUY
Another way to play growth in emerging economies but also for commodities in North America. Operates in 35 countries and is a leader in infrastructure spending. Massive increase in their backlog in the last quarter.
HOLD
Great global infrastructure play company. Well run.
BUY
Fabulous company. Just got another contract with a power project in Tunisia. Backlog is very good, highest it’s ever been. Emera (EMA-T) has just announced a $6 billion project at Churchill Falls and this company will probably get a good chunk of that.
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