CEMATRIX Corp T.CEMX

Cantech letter: Beacon sec raise target

[LWillingdon]

https://www.cantechletter.com/2024/04/is-cvx-stock-a-buy-right-now/#

In a research update to clients April 12, Stanley maintained his “Buy” rating but raised his price target on the stock from $0.60 to $0.70, implying a return of 79% at the time of publication.

Stanley thinks the company will post Adjusted EBITDA of $7.0-million on revenue of $63.0-million in fiscal 2024. He expects those numbers will improve to Adjusted EBITDA of $13.0-million on a topline of $82.0-million the following year.

“CVX trades at 4.4x our new F2025 adjusted EBITDA forecast, representing a 59%-61% discount to the 10.7-11.1x average at which infrastructure and cement companies trade. Potential catalysts include additional contract wins/backlog updates, and the Q1 results (expected May 8th),” the analyst added.

[LongTerm3]

CVX will destroy last years 1st quarter. It hasn't been cold in the states, and they have a huge backlog. I think the main problem could of been logistics, to get the projects done more efficiently. 2024 is a whole new world. Last two quarters were 20 million. The first quarter of 2023 was 7.2 million. I can't see it dropping down to double that (14.4 million) in 2024 1st quarter.