ALX – Deutsche Bank rates the stock as Buy

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2018 operating earnings (EBITDA) were ahead of Deutsche Bank’s forecasts. Growth continues to be supported by traffic, smaller declines on the Dulles Greenway and toll increases.

The broker continues to envisage strong distribution growth over the forecast period. FY19 distribution guidance was reaffirmed at $0.30 per security. Buy rating and $7.25 target.

Sector: Transportation.

Target price is $7.25.Current Price is $6.82. Difference: $0.43 – (brackets indicate current price is over target). If ALX meets the Deutsche Bank target it will return approximately 6% (excluding dividends, fees and charges – negative figures indicate an expected loss).

 

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