snc lavalin

SNC-LAVALIN GROUP INC. $55 (Toronto symbol SNC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 150.1 million; Market cap: $8.3 billion; Price-to-sales ratio: 0.9; Dividend yield: 1.9%; TSINetwork Rating: Average; www.snclavalin.com) is a leading Canadian engineering and construction company that specializes in large-scale public works projects such as roads, bridges, transit systems and watertreatment plants....

CANADIAN TIRE CORP., $141.12, Toronto symbol CTC.A, owns 499 Canadian Tire stores. They sell automotive, household and sporting goods. Franchisees run most of these outlets. The company’s other operations include 296 gas stations and 91 PartSource auto parts stores. More recently, Canadian Tire acquired Mark’s, which sells casual and work clothing through 381 stores. It also purchased the Forzani Group, which sells sporting goods and athletic wear through 432 stores, including Sport Chek and Sports Experts. In the three months ended April 2, 2016, Canadian Tire’s sales rose 1.8%, to $2.56 billion from $2.51 billion a year earlier. That matched the consensus forecast. Overall same-store sales improved 2.4%....

SNC-LAVALIN GROUP INC. $47 (www.snclavalin.com) acquired U.K.-based Kentz Corp. for $2.1 billion in August 2014. Kentz sells engineering and construction services to oil and gas firms. The purchase is helping SNC win more contracts in the Middle East....

SNC-LAVALIN GROUP INC. $47 (www.snclavalin.com) acquired U.K.-based Kentz Corp. for $2.1 billion in August 2014. Kentz sells engineering and construction services to oil and gas firms. The purchase is helping SNC win more contracts in the Middle East....

SUNCOR ENERGY INC., $35.86, Toronto symbol SU, has completed its all-stock takeover of Canadian Oil Sands (Toronto symbol COS). Under the deal, Canadian Oil Sands investors received 0.28 of a Suncor share for each share they held. As a result, the Toronto Stock Exchange delisted Canadian Oil Sands’ shares on March 23, 2016. Based on Suncor’s share price just before the deal closed, it paid $4.8 billion for Canadian Oil Sands. If you include Canadian Oil Sands’ debt of $2.4 billion, the total price was $7.2 billion. To put that in context, Suncor’s market cap (the value of all outstanding shares) is $55.6 billion....

Aecon Group Inc. continued to increase its revenue, earnings and dividend with a steady flow of public infrastructure and private road-building contracts.

Aecon Group Inc., $14.77, symbol ARE on Toronto (Shares outstanding: 56.9 million; Market cap: $853.4 million; www.aecon.com), is one of Canada’s largest infrastructure developers. The company and its predecessors helped to build Canadian landmarks such as the CN Tower, the St. Lawrence Seaway, the Calgary Olympic Oval and the Halifax Shipyards. Aecon has three main divisions: The energy group accounted for 43% of the company’s revenue in the latest quarter. It builds facilities and components for clients in the power industry, including nuclear reactors....

BANK OF NOVA SCOTIA, $59.50, Toronto symbol BNS, reported better-than-expected results this week. It also raised its dividend.

For the fiscal 2016 first quarter, earnings rose 5.1%, to $1.8 billion from $1.7 billion a year earlier. Due to fewer shares outstanding, earnings per share gained 5.9%, to $1.43 from $1.35. That beat the consensus estimate of $1.42.

The bank’s revenue also beat the consensus forecast, of $6.3 billion. It rose 8.6%, to $6.4 billion from $5.9 billion.

Earnings at its Canadian banking division (49% of the total) rose 7.4%. That’s partly due to a $1.7 billion deal with J.P. Morgan Chase to buy its Canadian credit card operations. This includes MasterCard and Sears Canada credit card accounts.

The international division (31% of earnings) reported 20.9% higher profits, thanks to strong loan demand in Latin America and favourable currency rates. However, earnings at the securities-trading division (20%) fell 9.4% on higher loan-loss provisions.

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SNC-LAVALIN GROUP INC. $40 (Toronto symbol SNC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 149.8 million; Market cap: $6.0 billion; Price-to-sales ratio: 0.6; Dividend yield: 2.5%; TSINetwork Rating: Average; www.snclavalin.com) has won a contract from the United Arab Emirate’s state-owned aluminum company to supply engineering services to its two smelters. SNC did not say how much the deal is worth, but it should complete the work in July 2018. The company’s $12.7-billion order backlog, as of September 30, 2015, is equal to 1.3 times its annual revenue. However, oil and mining jobs account for a third of that total. Low commodity prices could force these clients to postpone or cancel these projects. SNC-Lavalin is a hold.

SNC-LAVALIN GROUP INC. $40 (Toronto symbol SNC; Aggressive Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 149.8 million; Market cap: $6.0 billion; Price-to-sales ratio: 0.6; Dividend yield: 2.5%; TSINetwork Rating: Average; www.snclavalin.com) has won a contract from the United Arab Emirate’s state-owned aluminum company to supply engineering services to its two smelters. SNC did not say how much the deal is worth, but it should complete the work in July 2018. The company’s $12.7-billion order backlog, as of September 30, 2015, is equal to 1.3 times its annual revenue. However, oil and mining jobs account for a third of that total. Low commodity prices could force these clients to postpone or cancel these projects. SNC-Lavalin is a hold....