Posted at 7:00 a.m.
Failing to announce a major acquisition, Couche-Tard revealed this week its intention to repurchase up to 4 billion US dollars of shares by the end of its next financial year.
The company could thus repurchase approximately 100 million shares in the next 15 months, the equivalent of nearly 10% of all its outstanding shares.
“Although this enhancement to the share buyback program may suggest that there will be no major acquisitions in the immediate future, I do not rule out the possibility of seeing a large acquisition”, comments Michael Van Aelst , from TD.
Couche-Tard can fully execute its share buyback program and spend up to 16 billion for an acquisition without going into debt with a leverage ratio that it has never reached before, calculates this analyst.
National Bank Financial gave its support to Coveo Start of the week. Analyst Richard Tse launched Monday the official coverage of the Quebec company specializing in artificial intelligence applied to e-commerce by suggesting that its customers buy the title.
He likes Coveo for four main reasons: the business need for what Coveo can do, the company’s unique and proven platform, the power of the ecosystem, the size of the potential market.
He becomes the seventh analyst to follow the activities of Coveo. They are now four to recommend the purchase of the action. Coveo will release its first quarterly results since going public in November on Monday.
BMO analyst Mark Wilde reiterated earlier this week that Waterfalls had to “honestly” consider spinning off the Tissue Group in order to concentrate its efforts in cardboard and packaging, where the returns are more attractive. “I continue to see real value in the title of Cascades, but to maximize this value, separating the main activities is necessary. »
Xebec received a boost from TD on Thursday. Analyst Aaron MacNeil now recommends buying the title of the Montreal company specializing in clean energy, but with the mention “speculative purchase”. Renewable gas projects represent a potential catalyst for Xebec this year, according to Aaron MacNeil.
“Xebec has so far been unable to capitalize on the strong growth in this line of business due to, among other things, cost overruns, limited manufacturing capacity and an adjustment to its product offering,” said- he.
“If the refreshed product offering proves a commercial success, Xebec could see significant backlog growth this year and strong financial performance next year. »
The first two analysts to provide daily monitoring of probe recommend buying the title of the techno-real estate company founded in Montreal. Sonder’s stock has been listed on NASDAQ since January 19. The targets of the experts at JMP Securities and Oppenheimer & Co. over a 12-month horizon are US$12.
After seeing PayPal lose 25% on Wednesday and Meta (Facebook) dropping 26% on Thursday, one of our spies wonders how such large company stocks can be so mispriced by the market that they lose a quarter of their value in a single session. “That’s when you see that there are bubbles in the market,” he says.
The Quebec titles of Supremex, Metro, Food Couche-Tard, Dollarama, Hardware store Richelieu, iA Group financial, Aimia and ECB all hit a 52-week high this week in Toronto. At the opposite, Waterfalls, mdf trade, Havision and Dialogue just hit a new 52-week low.
The deadline for contributing to your RRSP is the 1er March and for those who can afford it, the maximum contribution for 2021 is $27,830.