-- Adamas Trust, Inc. (ADAM) has an average rating of overweight and mean price target of $9.05, according to analysts polled by FactSet.
(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Price: $8.86, Change: $-0.12, Percent Change: -1.34%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target by $9 to $180 on a 2026 EV/EBITDA multiple of 17x (up from 15x), a premium to its 15x three-year forward average multiple. We lower our 2026 EPS estimate to $2.75 from $3.71 and raise our 2027 estimate to $4.34 from $4.26, while our 2026 adjusted EBITDA estimate of $1.18 billion is near the midpoint of management's guidance. Following Q1 results that beat estimates and included raised full-year RevPAR guidance, we downgrade shares from Buy to Hold. We believe the setup is less favorable with shares now trading at a 10% premium to their three-year average forward multiple. Our multiple reflects a discount to hotel peers given H's lower scale and higher leverage, though this is offset by H's exposure to luxury leisure travel, which is showing momentum with net package RevPAR up 7.4% in Q1 and contributing to outsized RevPAR growth. However, geopolitical disruptions affecting H's Distribution segment have lowered our 2026 EBITDA outlook. At current levels, we see balanced risk/reward.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our 12-month target price of $9.50, raised from $6.50, reflects a 4.8x multiple of enterprise value to projected '27 EBITDA, about in line with PTEN's historical forward average. Our DCF model, using a WACC of 7.7% and terminal growth of 2.0%, also finds shares to be slightly overvalued. We narrow our projected '26 operating loss per share by $0.13 to $0.21, and similarly, '27's by $0.27 to $0.02. Shares are trading about 20% above PTEN's historical forward average on EBITDA, and the bull case for the company rests on a near-term inflection point in its Completion Services segment (a segment that comprised 37% of Q1 2026 EBITDA before corporate expenses), in our view. To be fair, privately-held E&Ps do appear to be ramping up spending in response to the surge in crude oil prices, but we do not anticipate similar behavior from the public E&Ps until at least 2027, and possibly not to the degree that PTEN might hope.
Stifel Canada raised its price target on the shares of NFI Group (NFI.TO) to $25.50, from $23.00 ahead of the company reporting its first-quarter earnings on May 7.Analyst Daryl Young, who is maintaining a buy rating on the company, is forecasting adjusted EBITDA of US$79.6 million, up 27% y/y, but ~3% below consensus of US$81.8 million.Young is optimistic that results will be smoother for NFI in 2026 as it seems to have navigated the worst of its supply chain and battery recall issues. The balance sheet and cash flow is also supported by the XALT settlement that was announced at the end of last year.Young also believes the company is "relatively" insulated from Section 232 tariffs. The core 10% duty applied to all coaches and buses/shells entering the U.S. remains unchanged and has been reflected in NFI's current guidance."The stock remains attractively valued, in our view, but we acknowledge that it has had a strong run and investors remain jittery following the myriad of challenges in recent years. As such it's harder than normal to gauge what's priced in. Regardless, we are optimistic that NFI will see its first year of uninterrupted production since 2019."Price: $21.63, Change: $-0.13, Percent Change: -0.60%