-- 独立系調査会社CFRAは、に対し、以下の調査レポートを提供しました。CFRAのアナリストは、以下のように見解をまとめています。12ヶ月目標株価を80ドルから70ドルに引き下げます。これにより、BRO株の株価は、2026年EPS予想4.50ドルの16倍、2027年EPS予想4.75ドル（本日40.20ドル引き下げ）の15倍となります。これは、株価の1年平均予想PER20倍、同業他社平均予想PER16倍を下回っています。BROは、第1四半期EPSが1.39ドル（前年同期は1.29ドル）となり、当社の予想1.37ドル、市場コンセンサス予想1.36ドルを上回りました。ただし、売上高は35%増の19億ドルとなり、これは買収によるもので、うち4億3500万ドルはM&Aによるものです。オーガニック売上高は前年同期比横ばいの13億5000万ドルで、当社の4～8%の成長予測を下回りました。また、買収費用と金利費用の倍増により、第1四半期のEBITマージンは30.4%から28.0%に縮小しました。当社は、同業他社を下回るオーガニック成長率とマージンの低下により、BROの過去のプレミアム評価の正当性が失われていることから、同社株には短期的な株価上昇の要因がないと考えています。経営陣はまた、事業環境を「厳しい」と表現しており、前四半期の「安定している」という評価から転換しています。当社は引き続き「ホールド」の投資判断を維持します。
Related Articles
Research
Research Alert: CFRA Maintains Buy Opinion On Shares Of Cms Energy Corporation
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target by $1 to $87, 22.0x our next-12-month EPS estimate, above peers and CMS's three-year historical average of 18.4x. We trim both our 2026 and 2027 EPS views by $0.02 to $3.88 and $4.17, respectively. CMS posted Q1 adjusted EPS growth of 10.8%. CMS announced that two hyperscaler data centers had reached commercial agreement on contract terms and signed 110 MW of new load in Q1 alone (exceeding all of 2025's signings), with expected load coming online starting in 2028, all incremental to the current plan. Each 1 GW of new load provides $2B-$5B in capital investment opportunities while reducing average customer rate growth by ~2%. We think CMS offers competitive near-term EPS (~7.6% 2025-2028 CAGR) and dividend growth trajectories (~5.8%). In our view, Michigan is one of the most supportive regulatory districts in the country, with CMS's most recent electric rate case outcome highlighting regulatory willingness to support prudent investments through multiple recovery mechanisms.
$CMS
Australia
Market Chatter: SoftBank-Backed Opay Taps Citi, Deutsche, JPMorgan for US IPO
Opay Digital Services has hired Citigroup (C), Deutsche Bank (DB), and JPMorgan (JPM) as the Nigerian payments platform prepares for an initial public offering in the US, Bloomberg reported Friday, citing people familiar with the matter.The SoftBank-backed company is seeking a valuation of $4 billion in its debut and may sell the shares later this year, the people reportedly said.Citigroup declined to comment to. Deutsche and JPMorgan did not immediately respond, while Opay was unreachable.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $127.59, Change: $-0.39, Percent Change: -0.30%
$C$DB$JPM
Australia
Life Time Set for Strong Q1 Comparable Club Growth, UBS Says
Life Time (LTH) is expected to post robust comparable club growth in Q1, with slightly better-than-expected revenue and EBITDA, as investors focus on concerns around member growth metrics per center and spending trends in a softer macro environment, UBS Securities said Friday.Ahead of the company's Q1 results on Tuesday, the investment firm said it sees upside to its Q1 EBITDA estimate of $215 million and expects comparable club revenue growth of about 7% to 7.5%.UBS said the key investor debate centers on whether the company can sustain growth in revenue per member and overall club economics amid pressure on consumer spending.The brokerage also noted that Life Time could continue repurchasing stock from sponsors, helping reduce overhang, while keeping leverage below its 2x target.UBS has a buy rating on the stock, with a price target of $43.Price: $26.68, Change: $-0.13, Percent Change: -0.50%
$LTH