Q: Hello team,
What is your view on a AtkinsRealis and Descartes Group? Are they both buys? Recently AtkinReaslis released very good results so was thinking of adding to my position. Thanks very much
What is your view on a AtkinsRealis and Descartes Group? Are they both buys? Recently AtkinReaslis released very good results so was thinking of adding to my position. Thanks very much
5i Research Answer:
ATRL has staged a remarkable recovery from its issues from a couple of years ago. We would consider it decent today, though it is on the expensive side of valuation at 33X earnings. We might prefer to add below $68, especially if exposure is already there. DSG continues to execute well and we would be quite comfortable buying.