-- 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39ドル引き下げ、531ドルとします。これにより、株価は今後12ヶ月間の継続事業EBITDA予想のEV/EBITDA倍率15.2倍となり、過去5年間の平均16.1倍を下回ります。この割引は、近年のIIJA（インフラ投資促進法）による多額の資金援助と比較して、建設環境が以前ほど良好ではないと見込んでいることを根拠としています。IIJAは2026年9月30日に期限切れとなり、現在代替策は存在しないため、インフラ投資が延期から中止へと移行するシナリオを市場が期待している現状は、必ずしも実態を反映しているとは言えないと考えています。2026年のEPS（1株当たり利益）予想を0.47ドル引き下げ、19.45ドルとします。また、2027年のEPS予想を1.37ドル引き下げ、23.10ドルとします。 MLMが中核事業である骨材事業に注力していることから、売却した低利益率のセメント／生コンクリート事業が連結利益率の重荷にならなくなったため、EBITDAマージン（継続事業）は180ベーシスポイント拡大し、35.4%になると予想されます。ただし、燃料費の高騰やインフレによる建設予算の制約が価格決定力を制限する可能性があります。
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Global-E Online Insider Sold Shares Worth $299,329, According to a Recent SEC Filing
Amir Schlachet, Director, CEO, on May 05, 2026, sold 9,450 shares in Global-E Online (GLBE) for $299,329. Following the Form 4 filing with the SEC, Schlachet has control over a total of 3,975,100 ordinary shares of the company, with 3,975,100 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1835963/000196428626000018/xslF345X05/ownership.xmlPrice: $31.26, Change: $-0.35, Percent Change: -1.11%
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Update: WTI Oil Plunges Following Reports the U.S. and Iran May Be Close to a Peace Deal
West Texas Intermediate (WTI) crude oil plunged 7% on Wednesday following reports the United States and Iran are close to an agreement to end their war, offering the possibility the Strait of Hormuz could soon reopen.WTI crude oil for June delivery closed down US$7.19 to settle at US$95.08 per barrel after touching US$88.66 in Asian trade, while July Brent oil was last seen down US$9.13 to US$100.74.The drop came as Axios overnight reported the two countries were close to a negotiated deal to end hostilities, which was later confirmed by U.S. President Trump. In a social media post, Trump said the war "will be at an end" and the Strait of Hormuz will reopen to traffic if Iran agrees to a U.S. peace proposal, while threatening to resume bombing if its terms are rejected.Citing Iran's state media, Reuters reported Iran's Islamic Revolutionary Guard Corps is claiming the Strait, the chokepoint for exports from Persian Gulf nations supplying 20% of daily oil demand, could reopen if a deal is reached.Oil prices have climbed by more than half since Iran closed the Strait when the war began on Feb. 28, trapping exports of oil, LNG, fertilizers and other commodities in the Persian Gulf. However an end to the war is unlikely to see a quick return to normal. Iranian attacks on oil and gas infrastructure in neighboring countries and restarting production from shut-in oilfields will limit a quick return to pre-war operating levels."If Hormuz were to be reopened, it would take an additional seven months at minimum to fully restore upstream production, assuming no permanent damage and supply chains operate smoothly. A recovery could take longer if there is damage to ports or other transport and loading infrastructure," S&P Global Energy noted.The Energy Information Administration on Wednesday reported another drop in U.S. commercial oil inventories, saying stocks fell by 2.3-million barrels last week, under the consensus estimate for a drop of 3.3-million barrels among analysts polled by Reuters.
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Oil & Energy
US Oil Update: Futures Slide With Prospects of US-Iran Deal in Focus
Crude oil futures retreated in midday trading on Wednesday, extending losses from the previous session, as signs of progress toward a potential US-Iran agreement eased concerns about supply disruptions in the Middle East.Front-month West Texas Intermediate crude futures fell by 6.93% to $95.17 per barrel, while Brent futures were down 7.55% to $101.59/bbl.Soojin Kim, research analyst at MUFG, said tighter US crude inventories and ongoing Middle East supply risks continue to support prices despite improving sentiment around diplomacy.US crude oil inventories decreased by 2.3 million barrels to 457.2 mmbbls in the week ended May 1, the Energy Information Administration said in its weekly report on Wednesday.The agency said crude oil input to refineries dropped by 42,000 barrels per day from the previous week to average about 16 mmb/d in the week ending May 1. Crude oil production dropped by 13,000 b/d to 13.6 mmb/d.Iran is reviewing a new US proposal, and it will convey its response soon through Pakistan, according to media reports. On Wednesday, President Trump said "Great Progress" has been made on a final agreement to end the war with Iran, without giving more details.Trump said the US would pause its efforts to escort ships through the Hormuz Strait, as White House officials reportedly believe Washington is nearing a one-page, 14-point memorandum of understanding to end the conflict.ING strategists said a deal that normalizes oil flows through Hormuz is crucial, with about 13 million b/d of disrupted supply largely offset by declining inventory.However, Rystad Energy strategists said even if an agreement is reached, the impact on actual oil flows would be slower and more conditional than current price action suggests."A deal announcement would move futures further immediately, in fact, even the potential of a deal is already triggering a decline in oil prices. However, the physical market does not run on political timelines," said Paola Rodriguez-Masiu, Rystad's chief oil analyst.On the supply front, Venezuelan crude exports climbed to a seven-month high of just over 1.05 million barrels per day in April, more than double from January levels, as a revamped licensing framework and easing trade restrictions supported a broader recovery in flows.Kpler said the rebound was driven by stronger demand from traditional buyers, with the US importing about 400,000 b/d and India taking 384,000 b/d.