Mattr Announces Share Buyback Program
Mattr (MATR.TO) intends to buy back up to 3.6 million shares under a normal course issuer bid.The share buyback will run from June 30, for one year.
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Mattr (MATR.TO) intends to buy back up to 3.6 million shares under a normal course issuer bid.The share buyback will run from June 30, for one year.
Stifel Canada upgraded its rating on the shares of Mattr (MATR.TO) to buy from hold and raised its price target on to $15.25 from $8.75.Mattr reported a very strong first quarter, and raised 2026E EBITDA guidance by 7% compared with consensus, writes analyst Ian Gillies.The company's CompTech facilities investments are beginning to pay with margins rebounding in the quarter, and Gillies believe there is more upside potential besides what is embedded in 2026E guidance.There are still a number of quarters of strong performance required to drive a re-rate, but Gillies believes it is "unequivocally" inexpensive, and he likes the current set up."The stock is inexpensive with it offering an 8.4% FCF yield, and we believe the risk/reward is now favourable given the potential for further positive estimate revisions."Price: $12.50, Change: $+0.65, Percent Change: +5.49%
Mattr Target To C$14.50 From $12, Keeps Outperform On Q1 Results "Going Berxerxes"
BMO has upgraded Mattr (MATR.TO) to outperform (from market perform) and hiked its price target on the shares by $4.00, to $12.00 after the company posted stronger first-quarter result.Mattr has gone through some growing pains over the last few years, but management pointed to an improving outlook for 2026, driven in part by a large flexpipe order expected to be delivered in the second half of the year, analyst John Gibson writes."Given the improved outlook and inexpensive valuation, we are upgrading the shares to Outperform (Market Perform prior) and increasing our target price to $12 ($8 prior), reflecting 6x 2027 EV/EBITDA."Price: $11.00, Change: $+1.65, Percent Change: +17.65%