Inside the Market’s roundup of some of today’s key analyst actions
) new e-commerce opportunity in China as “compelling,” National Bank Financial analyst Cameron Doerksen raised his recommendation for its shares to “outperform” from “sector perform” previously.
“Importantly, Cargojet has existing capacity with its 767- freighter fleet to support the new flying so beyond some start-up costs, investment to support the new business will be minimal. The new flying will therefore increase Cargojet’s asset utilization and should help drive higher margins. Furthermore, the flights from China will terminate in Vancouver with volumes destined for other Canadian cities then connecting to Cargojet’s domestic network.
Seeing its valuation “more compelling considering growth boost,” Mr. Doerksen raised his target for Cargojet shares to $154 from $132. The average target on the Street is $155.27, according to LSEG data.) to “outperform” from “in line” previously, believing it “has created an attractive entry point to own a best-in-class e-commerce platform business.”
Maintaining an “outperform” recommendation for AtkinsRéalis Group, formerly SNC-Lavalin, shares, he raised his target to $67 from $61.Elsewhere, other analysts making target changes include:“If ATD achieves its F2028 targets, significant upside remains,” he said in a research note previewing the June 25 release of its fourth-quarter 2024 financial results. “That said, our estimates fall short of ATD’s goals.
“Recall that ATD’s F2028 EBITDA ambition includes delivering $520-$570 million of incremental EBITDA through food, beverage and private label,” he said. “We believe ATD is making progress on its initiatives , but near-term performance could be subdued due to a soft consumer backdrop .” Before the bell on Thursday, the Montreal-based strategy and digital technology consulting firm reported revenue of $120.5-million, down 11.5 per cent from the same period a year ago below the Street’s expectation of $126-million, but adjusted EBITDA of $10.5-million topped the consensus projection of $10.2-million as EBITDA margins rose almost 1 per cent year-over-year to 8.1 per cent.
“ALYA will start lapping quarters with a weaker top line starting in 1Q FY25 , which should contribute to an improvement in revenue growth,” he said. “This should coincide with the ramping up of significant healthcare-related work in both the U.S. and Québec. The company also anticipates a recovery in some of the projects that were stalled in the banking vertical, which could start contributing to bookings and possibly revenue in 2H FY25.
Canada News Breaking News Video Canadian Breaking News Breaking News Globe And Mail Breaking News Globe And Mail Canada News Photos World News Local News National News Us News Foreign News Sports News Arts News Life News Lifestyle Canada Traffic Canada Weather Trudeau Government Federal Government Canada Sports Canada Sports News Politics Politics News Political News Political Opinion Environment Economy Technology Education Travel Canada Alberta Bc British Columbia Manitoba Ontario Quebec Nova Scotia Pei New Brunswick Newfoundland And Labrador Nunavut Northwest Territories Yukon Globe And Mail
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Summer Fridays Ice Coffee Lip Butter Is Here + More Beauty NewsCanada's 1 Fashion and Beauty Magazine
Read more »
Kaszek Leads Round for Brazil Startup Retooling Debt MarketsKanastra, a Brazilian startup that supplies back-office technology for asset-backed securities funds, raised $21 million in a Series A round led by Kaszek, the largest Latin American-based venture capital firm.
Read more »
Bridgewater Sees 40% of Bets Go Awry as Geopolitics Impact Markets(Bloomberg) -- Bridgewater Associates Chief Executive Officer Nir Bar Dea warned investors of becoming too overconfident in their positions as geopolitical...
Read more »
Bridgewater Sees 40% of Bets Go Awry as Geopolitics Impact MarketsBridgewater Associates Chief Executive Officer Nir Bar Dea warned investors of becoming too overconfident in their positions as geopolitical tensions impact markets around the world.
Read more »
Averton Enters Alberta And ON Purpose-Built Rental MarketsContent by STOREYS Custom Studio is created in partnership with companies and brands looking to tell their own stor(e)y.
Read more »
CPI: How markets are reactingThe Consumer Price Index (CPI) report fell mostly in line with market expectations, signaling a potential cooling of inflationary pressures. However, the...
Read more »