Daily Stock Opinions and Ratings

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Jamie Murray Intertape Polymer GroupITP.TOCOMMENTFeb 08, 2021

He has held it. They benefit from e-commerce trends. They have been in heavy investment mode. It is all sustainable going forward. Keep holding it. The dividend is safe.

Jamie Murray

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$23.75

Stock price when the opinion was issued

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PAST TOP PICK

(A Top Pick Jul 27/21, Up 53%) Taken over at a nice premium.

HOLD

Being taken out. Merger arbitrage is where you buy it while it's being acquired, and you try to pick up the spread. Risk is the deal fails to close. Not a lot more opportunity here from the price offered. He's getting a 6-8% rate of return to hold it till the deal closes.

BUY

Latest quarter was disappointing, so pullback is a chance to buy. As AMZN continues to grow, hopefully the stock will return to the $35 range over the next 18 months. Yield is around 3%.

BUY ON WEAKNESS

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. EPS was at $0.50 which beat estimates. EBITDA was short by 1.9%. Guidance was raised for revenue and cash flow. Supply chain and cost issues are the main concerns. Issues should be resolved next year and underlying trends seem to still be good. Unlock Premium - Try 5i Free

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company pays good dividends of 2.4% and is cash flow positive. Balance sheet is expanding and it is profitable. Debt is of slight concern but it can cover interest expenses and is trading at cheap valuation. Management raised guidance. Unlock Premium - Try 5i Free

PAST TOP PICK

(A Top Pick Sep 11/20, Up 100%) The advantage is they provide non-plastic tape and packaging materials. Amazon is a large customer. It is water-based tape. Has huge capacity and coming on-stream in time for internet sales. Will continue to benefit from online sales.

TOP PICK

They're off the radar. They've have four straight earnings beats. They're expanding into higher-margin e-commerce. This will create revenue growth for many years. It still trades at pre-Covid levels and a discount to peers. He sees earnings growth and currently trades around 10x. The balance sheet is fine, so there's firepower to buy more companies. (Analysts’ price target is $38.50)

WAIT

The company has done incredibly well over the last 10 years, and particularly through the pandemic. We will see enduring habits from the pandemic. However, in the near term, it might have reached its plateau. Always seemed expensive to him so waiting for a good entry point.

TOP PICK

Also at an inflection point. Massive beat recently. Capex spending on plants, making acquisitions in e-commerce. Expecting 5-6% earnings growth, which will drive the multiple. Free cashflow in 2021 will be fantastic. Yield is 3.51%. (Analysts’ price target is $28.50)

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It had a fantastic Q3 and it raised dividends once again. The stock is cheap and looks good. High debt remains a concern. A decent company with nice growing dividends. Unlock Premium - Try 5i Free

BUY

Allan Tong’s Discover Picks ITP stock 3.82% dividend yield based on a 51.75% payout ratio. Cash flow is strong. The PE has ticked up from 10.11x in late-March to the current 13.9x, but is far below the 20.68 of September 2019. It reported a winning report last week and hit fresh 52-week highs. Intertape offered guidance for Q4 of 10% growth, and six analysts give it a buy signal, including two upgrades after that report. The average price target is $23.50 which is nearly 10% higher than the current trading price. Read 4 Reliable Covid Stocks and Recovery Stocks for our full analysis.

BUY ON WEAKNESS

Likes it and holds it. It's been 3 months since he started a position. He would not sell it, and it scores in the top 10% on valuation metrics. High return at 23%, with 12x earnings. Balance sheet is fine and pays a good yield of 4.5% at reasonable payout ratio. It should do well in the recovery.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Revenues grew 10% and guidance for Q4 was given at 10% growth. Sales grew and earnings blew estimates out of the water by 141%. The company reported very solid numbers and you can still add to a mid-sized position here. Unlock Premium - Try 5i Free

COMMENT

A company he has looked at but has not purchased. The packaging business for e-commerce is a good opportunity. The business is steady and they have raised yield but it isn't as good as some infrastructure stocks.

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Jamie Murray Intertape Polymer GroupITP.TOCOMMENTFeb 08, 2021

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