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Atlas Engineered Products Ltd
Symbol AEP
Shares Issued 64,598,281
Close 2024-09-18 C$ 1.38
Market Cap C$ 89,145,628
Recent Sedar Documents

Globe says Atlas Engineered kept at "strong buy"

2024-09-18 08:44 ET - In the News

The Globe and Mail reports in its Wednesday, Sept. 18, edition that Raymond James analyst Daryl Swetlishoff has reaffirmed his "strong buy" recommendation for Atlas Engineered Products. The Globe's David Leeder writes in the Eye On Equities column that Mr. Swetlishoff gave his share target a 15-cent boost to $2.40. Analysts on average target the shares at $2.42. Mr. Swetlishoff says in a note: "As detailed in our [Sept. 11] Initiation Report, Atlas offers material earnings growth from: 1) high leverage to Canadian housing activity; 2) margin growth/stabilization from the integration of past transactions; and, 3) future M&A and robotics-driven organic growth. [On Monday] Atlas demonstrated progress on its nationwide truss roll-up strategy announcing a $3.8-million acquisition. While exact details have yet to be released, we estimate the transaction to be immediately accretive post close with additional synergies to layer in following integration. ... We look forward to further colour on Atlas's M&A and automation strategy during the full slate of institutional investor meetings Raymond James is hosting with company management in Toronto [Tuesday]."

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