Héroux-Devtek lost and gained support this week.
Laurentian Bank Securities now suggests buying the share of the Longueuil landing gear supplier. The valuation given by the markets is attractive in the eyes of analyst Jonathan Lamers.
There are three possibilities to consider, according to him. Margins could gradually expand again, the company could make an acquisition contributing immediately to the results (the market expects Raytheon sells its subsidiary Collins Aerospace), and thirdly, Heroux-Devtek could be the target of a takeover bid.
TD analyst Tim James, for his part, withdrew his buy recommendation on Thursday. His decision came the day after the presentation of quarterly results deemed disappointing. He believes that the stock’s potential return relative to its revised target no longer justifies offering to buy the stock.
Investors, he said, will need time to regain confidence in the long-term profitability potential of the business. The pressure on the margins therefore encourages it to adopt a more cautious approach.
Five of the six analysts who follow the title propose the purchase.
Bomber lost the recommendation of National Bank Financial on Thursday. Analyst Cameron Doerksen withdrew his buy suggestion after learning about the Montreal-based business jet manufacturer’s year-end performance. “The title is ripe for a break after a tremendous push,” believes this expert. The results and forecasts presented are in line with expectations, but Bombardier’s stock has risen 150% since November.
Transactions are to be expected in the radio sector. The recent CRTC decision allowing broadcasters to operate another FM station in the same market risks creating opportunities for efficiencies for companies like Stingray, For example. The Montreal-based music service provider owns about 100 radio stations across the country, and many analysts are beginning to anticipate changes to the radio landscape in Canada since the CRTC updated its commercial radio policy in December.
Experts at Gestion Palos note that investors are increasingly optimistic. “Let’s turn our attention to technical analysis, a proven and unbiased tool used to identify and confirm trend changes. The bottom may already be in place. This does not surprise us, because we are fully aware that market reversals occur well before the media headlines,” reads the weekly letter published by the firm this week.
There are many similarities between the beginning of 2023 and that of 2009, underlines the firm Donville Kent Asset Management in its financial letter published in the last days. “The current market feels the same as it did at the start of 2009. At the time, the media and the majority of investors were still extremely pessimistic, but the momentum was starting to reverse, and quality companies were still performing well, but were trading at extremely cheap multiples. »
The Quebec titles of Saputo, Velan, WSP, H2O Innovation, CGI, Goodfellow, TFI, BRP, MTY, Bomber And Supremex all reached a new 52-week high on the Toronto Stock Exchange this week.