SNC – Lavalin Gets a Buy Rating from BMO Capital

By Austin Angelo

SNC – Lavalin (TSX: SNC), the Materials sector company was revisited yesterday, and remains undervalued for at least one analyst on the street. Analyst Devin Dodge from BMO Capital remains bullish on the stock and has a C$66 price target.

Dodge has an average return of 4.7% when recommending SNC – Lavalin.

According to TipRanks.com, Dodge is ranked #3235 out of 4600 analysts.

Currently, the analyst consensus on SNC – Lavalin is Moderate Buy and the average price target is C$65.86, representing a 17.5% upside.

In a report released yesterday, Scotiabank also maintained a Buy rating on the stock with a C$68 price target.

Based on SNC – Lavalin’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of C$1.8 billion and quarterly net profit of C$89.71 million. In comparison, last year the company earned revenue of C$2.06 billion and had a net profit of C$88.51 million.

SNC-Lavalin Group, Inc. engages in the provision of engineering and construction services. It offers engineering, procurement, construction, project management, project financing services to industry sectors. The company operates through the following segments: Mining & Metallurgy, Oil & Gas, Power, Infrastructure and Capital.

The company’s shares closed on Friday at $56.07.