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SNC-Lavalin Group Inc. (SNC-T)
277 watching
TSE:SNC
28.57
0.50
(1.78%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Jan 27, 2023, 9:00 pm
0
DON'T BUY
Plagued by fixed-price contracts. Big cost overruns. Not booking these types of contracts going forward, but they have to work through them. She owns WSP instead.
contractors
$27.860
No
PAST TOP PICK
(A Top Pick Jul 07/21, Down 25%) He sold and moved on. Things were different a year ago. Its turnaround has been stalled. Events are weighing on profits.
contractors
DON'T BUY
Trying to turn things around, but late to the party. Lunch has been eaten by WSP and STN. He recently added WSP, the gold standard in engineering consulting, a global leader.
contractors
DON'T BUY
Large projects might be harder to finance with interest rates shooting up. The group's in a good position to do well over the next number of years. Has come back from its troubled days. Likes exposure to the area, but this one is more expensive than peers.
contractors
HOLD
US won't try to rock the boat with its most important trading partners, Canada and Mexico. Well positioned to benefit from US growth. Build Back Better will take a Herculean effort from many countries to get anything done, and this is bullish for Canadian and US names. He'd still prefer to own the concessions than build the concessions, as that's how you get more long-term value.
contractors
WAIT
A low multiple stock compared to its peers. They are going through a restructuring that is proving more challenging than expected. She thinks it will take another 4-6 quarters to really get things going. Beyond that you need a good track record on execution.
contractors
BUY on WEAKNESS
New management team. Risk of skeletons in the closet has diminished, and they can focus on capitalizing on growth. Good footprint in Canada and US, with good exposure to infrastructure spend. Valuation not as attractive. Would accumulate on material pullback.
contractors
BUY
A number of good quarters could alleviate their up and down moves. If infrastructure investment increases, it could help them. They continue to have big hits of earnings from turnkey operations. Uranium business is doing well. Some volatility should be expected.
contractors
BUY
Given negative headlines He recently bought this infrastructure stock. This was a pariah from 2011-18 under old management implication in bribery scandals abroad. They cleared those issues, but a residue of old alleged corruption surfaced two weeks ago. He takes comfort that those employees are no longer there and that the allegation happened over 20 years ago. He still sees this as a good opportunity and entry point now.
contractors
BUY
Legacy issues are likely cleaned up. Stock's acting well technically. Likes the stair-step, rally-consolidate characteristic. Earnings growth likely to be quite strong. Engineering sector will benefit from infrastructure projects. He doesn't own it, but could.
contractors
TOP PICK
Exemplifies growth and cyclicality. Engineering design, natural resources, infrastructure, and other sectors. The economic backdrop is bright for companies like this. Governments want to do infrastructure renewals. Governance and management missteps are being worked on. (Analysts’ price target is $41.07)
contractors
WATCH
Starting to get their house in order. Winding down all construction projects to focus on design and services. Trades at a discount. Wants more consistent execution before she invests. She owns WSP instead. (Analysts’ price target is $41.00)
contractors
WEAK BUY
A lot of the upside from the Biden bill has been priced into the stock. Valuation is not as demanding, so there might be some incremental upside, especially if they can avoid past issues. Controls and governance have tightened up. Risk of previous issues is very low, but it's anybody's guess whether there are still skeletons in the closet.
contractors
DON'T BUY
He would leave it alone. He avoids these engineering and construction businesses. He likes solid recurring revenue in a capital-light business. It is a difficult business to project going forward. New management has done a much better job and the stock was much undervalued as we came into 2021.
contractors
COMMENT
They've gone through management changes, cost overruns in their construction business, and legal and regulatory issues which are now behind them. They're repositioning as a pure design-advisory company while letting the constructions projects roll off. So, there's still some risk in cost overruns. She likes this sector, but prefers another company. SNC's valuation is depressed vs. peers. She wants to see how SNC management performs and finds organic and M&A growth. She's on the sidelines now.
contractors
SNC-Lavalin Group Inc.(SNC-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 1
Bearish - Sell Signals / Votes : 3
Total Signals / Votes : 5
SNC-Lavalin Group Inc.(SNC-T) Frequently Asked Questions
What is SNC-Lavalin Group Inc. stock symbol?
SNC-Lavalin Group Inc. is a Canadian stock, trading under the symbol SNC-T on the Toronto Stock Exchange (SNC-CT). It is usually referred to as TSX:SNC or SNC-T
Is SNC-Lavalin Group Inc. a buy or a sell?
In the last year, 5 stock analysts published opinions about SNC-T. 1 analyst recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for SNC-Lavalin Group Inc..
Is SNC-Lavalin Group Inc. a good investment or a top pick?
SNC-Lavalin Group Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for SNC-Lavalin Group Inc..
Why is SNC-Lavalin Group Inc. stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is SNC-Lavalin Group Inc. worth watching?
5 stock analysts on Stockchase covered SNC-Lavalin Group Inc. In the last year. It is a trending stock that is worth watching.
What is SNC-Lavalin Group Inc. stock price?
On 2023-01-27, SNC-Lavalin Group Inc. (SNC-T) stock closed at a price of $28.57.
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