SNC-Lavalin's Atkins Acquisition and Other Strategic Steps Overshadow Modestly Weaker 2Q Results
We expect to modestly raise our CAD 57 fair value estimate for no-moat engineering and construction firm SNC-Lavalin following second-quarter results, improved 2017 EPS guidance, and recent strategic progress. The past few years have seen significant internal restructuring and growth for SNC as it completed transformative acquisitions, slashed fixed costs, reshaped its portfolio, and improved its organic growth capability across the capital spending cycle.Key steps to unlock incremental growth ...
SNC-Lavalin Group is an engineering and construction group, and is engaged in the ownership of infrastructure and in the provision of operations and maintenance services. Co.'s segments are: mining and metallurgy, which provide tailored solutions for projects in the aluminum, gold, copper product sectors, among others; oil and gas, which includes projects for oil and gas and resources companies; power, which includes projects and services in hydro, and nuclear and thermal power generation, among others; infrastructure, which include infrastructure & construction, and operations and maintenance; capital, which invest in equity or subordinated debt into projects for public services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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