Jan. 28 at 10:50 PM
$MRT Litchfield Hills is out with another +tive report on
$MRT. Thinks the stock is worth
$6.
Here is Theodore's view:
"Attractive Valuation. The shares currently trade at a level below our discounted future earnings price target model, and we see a similar discount to peers. When we compare MRT to companies in similar businesses, the valuation comes in at a discount of up to 50%+. If we compare MRT to companies with a more similar growth profile, the shares are valued significantly below average. We feel our
$6 price target is reasonable when looking at companies with similar growth profiles. If it were to trade at
$6, its 2027 Market Cap/Sales multiple would be ~3.4x, which would still be below average. This broadly confirms our view that, along with our discounted earnings model, the shares are undervalued."
