Daily Market Reports | May 18 2026
This story features ARISTOCRAT LEISURE LIMITED, and other companies.
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The company is included in ASX20, ASX50, ASX100, ASX200, ASX300 and ALL-ORDS
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COMPANIES DISCUSSED IN THIS ISSUE
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The number next to the symbol represents the number of brokers covering it for this report -(if more than 1)
ALL CBA CCR CNB COG FMG GNC HGO HLS HMY NWS ORE PNC PRN SPZ (2) STM TPW WEB WZR XRO
ALL ARISTOCRAT LEISURE LIMITED
Gaming – Overnight Price: $51.53
Jarden rates ((ALL)) as Buy (1) –
Jarden maintains a Buy rating for Aristocrat Leisure with a target price of $65.00 following what the broker labels a strong first half result.
Constant currency momentum in the second half is supported by North American Gaming strength and ship share gains, the broker notes.
Reported earnings are expected to remain flat sequentially as an FX headwind of -$71m and the non-repeat of a -$45m legal recovery offset segment growth.
Earnings per share forecasts for FY26-FY27 have been revised upwards by 1% to account for unit sales momentum and a $1bn buyback uplift.
Future margin expansion is projected through the new cost-saving program targeting $100m annualised.
This report was published on May 13, 2026.
Target price is $65.00 Current Price is $51.53 Difference: $13.47
If ALL meets the Jarden target it will return approximately 26% (excluding dividends, fees and charges).
Current consensus price target is $63.33, suggesting upside of 22.9%(ex-dividends)
The company’s fiscal year ends in September.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 102.00 cents and EPS of 261.30 cents.
At the last closing share price the estimated dividend yield is 1.98%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 19.72.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 254.8, implying annual growth of 11.1%.
Current consensus DPS estimate is 98.1, implying a prospective dividend yield of 1.9%.
Current consensus EPS estimate suggests the PER is 20.2.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 108.00 cents and EPS of 287.80 cents.
At the last closing share price the estimated dividend yield is 2.10%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 17.90.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 287.2, implying annual growth of 12.7%.
Current consensus DPS estimate is 109.7, implying a prospective dividend yield of 2.1%.
Current consensus EPS estimate suggests the PER is 17.9.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
CBA COMMONWEALTH BANK OF AUSTRALIA
Banks – Overnight Price: $159.40
Jarden rates ((CBA)) as Sell (5) –
Jarden maintains a Sell rating for CommBank with an unchanged $90.00 target price following the third quarter trading update.
Unaudited cash profit of roughly $2.7bn was -1% lower than the first half average as higher bad debt charges of 12bps largely offset a stable underlying net interest margin, the broker notes.
The report states the bank remains vulnerable to proposed negative gearing changes for investor home loans, a segment where the company holds a dominant market position.
Future earnings face headwinds from declining returns and potential disruption from blockchain-based innovation, according to the report.
Earnings per share forecasts have been maintained at 634.2c in FY26, 610.3c in FY27, and 587.1c in FY28.
This report was published on May 13, 2026.
Target price is $90.00 Current Price is $159.40 Difference: minus $69.4 (current price is over target).
If CBA meets the Jarden target it will return approximately minus 44% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $125.57, suggesting downside of -21.2%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 505.00 cents and EPS of 634.00 cents.
At the last closing share price the estimated dividend yield is 3.17%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 25.14.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 650.7, implying annual growth of 7.6%.
Current consensus DPS estimate is 500.0, implying a prospective dividend yield of 3.1%.
Current consensus EPS estimate suggests the PER is 24.5.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 520.00 cents and EPS of 610.00 cents.
At the last closing share price the estimated dividend yield is 3.26%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 26.13.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 684.1, implying annual growth of 5.1%.
Current consensus DPS estimate is 518.0, implying a prospective dividend yield of 3.2%.
Current consensus EPS estimate suggests the PER is 23.3.
Market Sentiment: -1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
CCR CREDIT CLEAR LIMITED
Diversified Financials – Overnight Price: $0.22
Shaw and Partners rates ((CCR)) as Buy (1) –
Shaw and Partners maintains a Buy rating for Credit Clear with an unchanged $0.40 target price.
Following a presentation at the broker’s emerging financials conference, management re-affirmed FY26 EBITDA guidance of $9.5m to $10.5m.
The broker notes soft trading in the first half of 2026 caused by cost-of-living stress is being offset by progress on invoice collections as employment levels remain high.
Acquisition integrations for DTS and Arc Europe are proceeding as planned, while the development of an “artificial recoveries intelligence” platform aims to optimise recovery rates.
The broker concludes superior fundamentals including double-digit EBITDA growth while market share gains support the current valuation.
This report was published on May 14, 2026.
Target price is $0.40 Current Price is $0.22 Difference: $0.18
If CCR meets the Shaw and Partners target it will return approximately 82% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 1.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 15.71.
Forecast for FY27:
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of 1.70 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 12.94.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
CNB CARNABY RESOURCES LIMITED
Mining – Overnight Price: $0.59
Moelis rates ((CNB)) as Buy (1) –
Moelis reiterates a Buy rating for Carnaby Resources with a $0.95 price target following significant high-grade copper discoveries at the Trekelano deposit.
Recent drilling confirmed a new Footwall Lode discovery and a 400m extension of the Main Lode outside the current mineral resource.
The broker expects results to be incorporated into an updated resource estimate and feasibility study by mid-2026 prior to a final investment decision.
Near-term development is supported by a toll treatment agreement with Glencore, which avoids large capital expenditure on a new processing plant, the report states.
First ore production remains targeted for the second half of 2026.
This report was published on May 14, 2026.
Target price is $0.95 Current Price is $0.59 Difference: $0.36
If CNB meets the Moelis target it will return approximately 61% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
COG COG FINANCIAL SERVICES LIMITED
Business & Consumer Credit – Overnight Price: $1.65
Shaw and Partners rates ((COG)) as Buy (1) –
Shaw and Partners retains a Buy rating for COG Financial Services following a presentation describing strong operating momentum at a recent emerging companies financial conference.
The price target is unchanged at $2.45 as management expresses confidence in scaling within the regulatory framework for electric vehicle novated leases.
Market share gains in the leasing division are supported by an industry-wide 35% increase in battery electric vehicle lease volumes during the March quarter.
Projections for underlying earnings remain at $65m for FY26, a level slightly below consensus expectations.
Solid growth and good value are presented with the stock trading on an FY27 price-to-earnings multiple of 9.1x and a free cash flow yield of approximately 15%.
This report was published on May 15, 2026.
Target price is $2.45 Current Price is $1.65 Difference: $0.8
If COG meets the Shaw and Partners target it will return approximately 48% (excluding dividends, fees and charges).
Current consensus price target is $2.10, suggesting upside of 27.1%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Shaw and Partners forecasts a full year FY26 dividend of 8.00 cents and EPS of 14.70 cents.
At the last closing share price the estimated dividend yield is 4.85%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 11.22.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 13.7, implying annual growth of 45.6%.
Current consensus DPS estimate is 7.2, implying a prospective dividend yield of 4.4%.
Current consensus EPS estimate suggests the PER is 12.0.
Forecast for FY27:
Shaw and Partners forecasts a full year FY27 dividend of 9.20 cents and EPS of 17.80 cents.
At the last closing share price the estimated dividend yield is 5.58%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.27.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 14.4, implying annual growth of 5.1%.
Current consensus DPS estimate is 8.3, implying a prospective dividend yield of 5.0%.
Current consensus EPS estimate suggests the PER is 11.5.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
FMG FORTESCUE LIMITED
Iron Ore – Overnight Price: $22.60
Jarden rates ((FMG)) as Underweight (4) –
Jarden maintains an Underweight rating for Fortescue with a $16.00 target price following a Federal Court order to pay -$250m in native title compensation.
The award consists of -$150m for cultural loss and -$100k for economic loss at the Solomon Hub, marking the largest court-determined native title payment in Australian history.
The broker notes the ruling establishes a contemporary benchmark for heritage destruction and confirms native title liability rests with the tenement holder instead of the state.
Reported incident metrics are unlikely to act as a reliable proxy for actual outcomes, the broker suggests, as zero incidents were recorded during the period of widespread and intergenerational harm identified by the court.
The report states the precedent exposes miners with legacy operations to increased valuation risk and a pressing need for agreement modernisation.
This report was published on May 14, 2026.
Target price is $16.00 Current Price is $22.60 Difference: minus $6.6 (current price is over target).
If FMG meets the Jarden target it will return approximately minus 29% (excluding dividends, fees and charges – negative figures indicate an expected loss).
Current consensus price target is $20.03, suggesting downside of -11.4%(ex-dividends)
Forecast for FY26:
Current consensus EPS estimate is 176.5, implying annual growth of N/A.
Current consensus DPS estimate is 113.0, implying a prospective dividend yield of 5.0%.
Current consensus EPS estimate suggests the PER is 12.8.
Forecast for FY27:
Current consensus EPS estimate is 131.5, implying annual growth of -25.5%.
Current consensus DPS estimate is 62.0, implying a prospective dividend yield of 2.7%.
Current consensus EPS estimate suggests the PER is 17.2.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: -0.1
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
GNC GRAINCORP LIMITED
Agriculture – Overnight Price: $5.21
Jarden rates ((GNC)) as Underweight (4) –
Jarden maintains an Underweight rating for GrainCorp with a lowered $5.50 target price following a broadly in-line half-year result.
Earnings per share forecasts for FY26 have been revised to 15.3c, yet the share price dropped -14% as market focus shifted toward drier crop conditions for FY27, commentary explains.
The report notes weak free cash flow generation is expected through FY28 due to a large spend on enterprise resource planning software.
Nutrition and Energy segment earnings were down -38% year-on-year. Management anticipates FY26 outcomes will remain below historical averages despite high canola margins.
Jarden comments asset backing provides a valuation buffer as the stock trades at a discount to both book value and net tangible assets.
This report was published on May 14, 2026.
Target price is $5.50 Current Price is $5.21 Difference: $0.29
If GNC meets the Jarden target it will return approximately 6% (excluding dividends, fees and charges).
Current consensus price target is $6.17, suggesting upside of 18.4%(ex-dividends)
The company’s fiscal year ends in September.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 28.00 cents and EPS of 15.30 cents.
At the last closing share price the estimated dividend yield is 5.37%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 34.05.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 16.8, implying annual growth of -7.5%.
Current consensus DPS estimate is 26.0, implying a prospective dividend yield of 5.0%.
Current consensus EPS estimate suggests the PER is 31.0.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 28.00 cents and EPS of 16.10 cents.
At the last closing share price the estimated dividend yield is 5.37%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 32.36.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 18.9, implying annual growth of 12.5%.
Current consensus DPS estimate is 25.0, implying a prospective dividend yield of 4.8%.
Current consensus EPS estimate suggests the PER is 27.6.
Market Sentiment: 0.1
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
HGO HILLGROVE RESOURCES LIMITED
Copper – Overnight Price: $0.05
Moelis rates ((HGO)) as Buy (1) –
Moelis maintains a Buy rating for Hillgrove Resources and reduces the target price to $0.075 from $0.08 following the return of high-grade copper and gold drilling results from the Kanmantoo mine.
Intersections at depth exceeded the average grade of the current resource estimate and suggest potential to extend the mine life, the broker notes.
Moelis expects a positive mineral resource revision in the December-quarter while highlighting the Stage 2 Emily Star investment decision as a key near-term throughput driver.
Strategic expansion into two new exploration tenements in South Australia provides additional regional optionality despite the mill remaining underutilised, according to the report.
Earnings per share forecasts are estimated at 2.4c for FY26 based on the projected $140m next twelve months EBITDA profile.
This report was published on May 14, 2026.
Target price is $0.08 Current Price is $0.05 Difference: $0.029
If HGO meets the Moelis target it will return approximately 63% (excluding dividends, fees and charges).
The company’s fiscal year ends in December.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 2.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 1.92.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 2.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 1.92.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
HLS HEALIUS LIMITED
Healthcare services – Overnight Price: $0.34
Jarden rates ((HLS)) as Underweight (4) –
Jarden maintains an Underweight rating for Healius with a reduced target price of $0.47 following a significant downgrade to earnings guidance.
Expectations for underlying EBIT have been reset to $30m to $35m, reflecting an over-reliance on pathology volumes the broker notes failed to recover as anticipated.
Increasing labour costs and the loss of key hospital contracts have further contributed to margin pressure, according to the report.
The potential sale of the Agilex business is being explored to restore the cash position and avoid further drawdowns of expensive debt, the broker notes.
Earnings per share forecasts for FY26 and FY27 have been revised to -1.4c and -0.5c respectively to reflect the weak trading momentum and higher risk-free rates.
This report was published on May 14, 2026.
Target price is $0.47 Current Price is $0.34 Difference: $0.125
If HLS meets the Jarden target it will return approximately 36% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 1.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 24.64.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 0.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 69.00.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
HMY HARMONEY CORP LIMITED
Diversified Financials – Overnight Price: $0.73
Moelis rates ((HMY)) as Buy (1) –
Moelis maintains a Buy rating for Harmoney and an unchanged $1.30 target price following a review of resilient macro demand metrics.
The broker notes personal credit growth remains strong while asset-backed security issuance spreads continue to tighten.
Underlying cash earnings are underpinned by a projected 9.0% loan book compound annual growth rate alongside improved margin performance driven by scale benefits, according to the report.
The valuation is viewed as undemanding given the strong growth trajectory and well-managed risk-adjusted income yield.
Minor revisions to per share earnings estimates reflect lower share price and a resulting dilutive issuance of shares related to share-based payments.
This report was published on May 15, 2026.
Target price is $1.30 Current Price is $0.73 Difference: $0.565
If HMY meets the Moelis target it will return approximately 77% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of 12.80 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 5.74.
Forecast for FY27:
Moelis forecasts a full year FY27 dividend of 0.00 cents and EPS of 16.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 4.51.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
NWS NEWS CORPORATION
Print, Radio & TV – Overnight Price: $41.83
Jarden rates ((NWS)) as Overweight (2) –
Jarden maintains an Overweight rating for News Corp and increases the target price to $47.70 following a “solid” third quarter result.
Earnings per share forecasts for FY26 and FY27 have been revised upwards by 2.2% and 2.5% respectively as EBITDA grew 18% to US$1,842m.
Strong momentum in Professional Information Services and a beat in Book Publishing offset a -55% fall in News Media EBITDA caused by launch costs for the California Post, the broker notes.
Jarden comments future upside risk exists from unpriced AI content licensing deals with OpenAI and Meta while uncertainty regarding Australian residential listing volumes presents a potential downside risk.
Adjusted net profit of US$118m was 6% ahead of estimates with dividends maintained at US$0.20 across the forecast period.
This report was published on May 14, 2026.
Target price is $47.70 Current Price is $41.83 Difference: $5.87
If NWS meets the Jarden target it will return approximately 14% (excluding dividends, fees and charges).
Current consensus price target is $52.13, suggesting upside of 24.6%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Jarden forecasts a full year FY26 dividend of 29.77 cents and EPS of 158.08 cents.
At the last closing share price the estimated dividend yield is 0.71%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 26.46.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 147.1, implying annual growth of N/A.
Current consensus DPS estimate is 28.0, implying a prospective dividend yield of 0.7%.
Current consensus EPS estimate suggests the PER is 28.4.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 29.77 cents and EPS of 188.90 cents.
At the last closing share price the estimated dividend yield is 0.71%.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 22.14.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 183.4, implying annual growth of 24.7%.
Current consensus DPS estimate is 28.0, implying a prospective dividend yield of 0.7%.
Current consensus EPS estimate suggests the PER is 22.8.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
ORE OREZONE GOLD CORPORATION CDI
Gold & Silver – Overnight Price: $2.48
Canaccord Genuity rates ((ORE)) as Buy (1) –
Canaccord Genuity maintains a Buy rating for Orezone Gold Corp CDI with an unchanged $5.00 target price following in-line first-quarter financial results.
All-in sustaining costs of $2,245 per ounce fell -14% below previous estimates due to tight cost control at the Bombore operation, the report highlights.
The broker notes jurisdictional risk has materially decreased following the acquisition of the Casa Berardi mine in Canada, which has reduced reliance on Burkina Faso.
Adjusted earnings per share of 7c matched consensus while record quarterly revenue was driven by strong gold prices.
Production guidance for 2026 is maintained at 160koz to 180koz with mining rates expected to be weighted toward the second half of the year.
This report was published on May 14, 2026.
Target price is $5.00 Current Price is $2.48 Difference: $2.52
If ORE meets the Canaccord Genuity target it will return approximately 102% (excluding dividends, fees and charges).
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
PNC PIONEER CREDIT LIMITED
Business & Consumer Credit – Overnight Price: $0.60
Shaw and Partners rates ((PNC)) as Buy (1) –
Shaw and Partners retains a Buy rating for Pioneer Credit with an unchanged $1.00 price target following a presentation at the broker’s emerging financials conference.
Management reiterated FY26 guidance for statutory net profit after tax exceeding $23m alongside debt purchases of at least $80m, according to the report.
The broker notes bank participation in the aged debt market is expanding off subdued previous levels as major lenders return to the market.
Compliance excellence and panel status position the company as a preferred counterparty, while cost-to-serve metrics remain below the guided range, the report states.
Underlying earnings per share forecasts are maintained at 12.3c for FY26 and 14.0c for FY27.
This report was published on May 14, 2026.
Target price is $1.00 Current Price is $0.60 Difference: $0.4
If PNC meets the Shaw and Partners target it will return approximately 67% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 12.30 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 4.88.
Forecast for FY27:
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of 14.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 4.29.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
PRN PERENTI LIMITED
Mining Sector Contracting – Overnight Price: $2.09
Canaccord Genuity rates ((PRN)) as Buy (1) –
Canaccord Genuity maintains a Buy rating for Perenti with an unchanged $2.87 target price following a significant $850m contract win at the Bellevue Gold Project.
The four-year agreement for underground mining services is expected to contribute circa $180m in revenue and a 7% uplift to group earnings in FY27.
Earnings per share forecasts for FY27 have been revised downwards by -7% to account for higher depreciation charges and potential foreign exchange headwinds.
The broker notes the contract carries a manageable -$75m growth capex bill and fits within the core underground mining competency in a tier 1 jurisdiction.
Current trading at a 10x price-to-earnings multiple represents a material discount to the broader listed sector despite a robust balance sheet and de-risked order book, the report states.
This report was published on May 14, 2026.
Target price is $2.87 Current Price is $2.09 Difference: $0.78
If PRN meets the Canaccord Genuity target it will return approximately 37% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 EPS of 21.10 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.91.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 EPS of 22.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 9.50.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
SPZ SMART PARKING LIMITED
Hardware & Equipment – Overnight Price: $0.91
Canaccord Genuity rates ((SPZ)) as Buy (1) –
Canaccord Genuity maintains a Buy rating for Smart Parking with an unchanged $1.80 price target following a strong third quarter trading update.
The broker notes a buying opportunity has emerged after the share price de-rated by -40% since February despite group parking breach notice volume growth accelerating to 19% year-on-year.
Total sites have reached 1,979 with expansion continuing across the United Kingdom, New Zealand, and Germany while the chief executive officer is expected to lead growth in the United States, according to the report.
Earnings per share forecasts have been adjusted to reflect adverse foreign exchange movements, yet underlying operational momentum remains solid with earnings before interest, tax, depreciation and amortisation margins projected to exceed 40% on incremental growth.
Performance in the core United Kingdom market improved materially during the Jan-Apr period and the company enters its seasonally strongest window in the fourth quarter of 2026, the broker highlights.
This report was published on May 15, 2026.
Target price is $1.80 Current Price is $0.91 Difference: $0.89
If SPZ meets the Canaccord Genuity target it will return approximately 98% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 3.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 25.28.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 5.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.20.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Shaw and Partners rates ((SPZ)) as Buy (1) –
Shaw and Partners reiterates a Buy rating for Smart Parking with a $1.55 price target following a “strong” March quarter trading update.
Commentary posits a buying opportunity has emerged after the share price dropped more than -40% since February despite solid operational performance.
Short-term earnings per share estimates have been reduced by -4% across the forecast range to account for headwinds from a stronger Australian dollar.
The broker notes UK parking breach notices returned to growth between January and April 2026, with site additions in the United Kingdom and New Zealand exceeding projections.
United States expansion remains a long-term driver and is projected to deliver approximately half of group earnings as the rollout of automated sites scales, the report states.
This report was published on May 14, 2026.
Target price is $1.55 Current Price is $0.91 Difference: $0.64
If SPZ meets the Shaw and Partners target it will return approximately 70% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 3.60 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 25.28.
Forecast for FY27:
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of 5.00 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 18.20.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
STM SUNSTONE METALS LIMITED
Copper – Overnight Price: $0.34
Shaw and Partners rates ((STM)) as Buy (1) –
Sunstone Metals retains a Buy rating from Shaw and Partners with an unchanged $2.10 target price following extensive mineralised intersections at the Bramaderos Project.
Assay results confirmed gold-copper zones outside the current footprint which point toward a substantial resource upgrade, according to the broker’s evaluation.
Shaw and Partners expects the Ecuadorian assets to evolve into a world-class production hub as new prospects are integrated into a unified mining cluster.
Several parties are reportedly in the data room exploring structures like project-level earn-ins and corporate transactions, the report states.
Underlying earnings (losses) per share forecasts are set at -1.2c for FY26 and -0.9c for FY27.
This report was published on May 15, 2026.
Target price is $2.10 Current Price is $0.34 Difference: $1.755
If STM meets the Shaw and Partners target it will return approximately 509% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of minus 1.20 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 28.75.
Forecast for FY27:
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of minus 0.90 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is minus 38.33.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
TPW TEMPLE & WEBSTER GROUP LIMITED
Furniture & Renovation – Overnight Price: $4.87
Canaccord Genuity rates ((TPW)) as Buy (1) –
Canaccord Genuity retains a Buy rating for Temple & Webster while reducing the price target to $12.50 from $16.50 following a downgrade to near-term guidance.
FY26 revenue and EBITDA expectations have been cut by -7% and -15% respectively to reflect a tougher consumer environment and challenging sales momentum.
Management has prioritised profitability over growth by restructuring marketing and promotional activity, the broker notes, leading to a record April EBITDA of $2.5m.
Earnings per share forecasts have been revised to 6.4c in FY26 and 17.5c in FY27 based on a lower revenue trajectory but expanded margins.
The report concludes a robust net cash position of $160m provides flexibility for organic or inorganic opportunities despite ongoing macro headwinds.
This report was published on May 14, 2026.
Target price is $12.50 Current Price is $4.87 Difference: $7.63
If TPW meets the Canaccord Genuity target it will return approximately 157% (excluding dividends, fees and charges).
Current consensus price target is $10.51, suggesting upside of 115.8%(ex-dividends)
The company’s fiscal year ends in June.
Forecast for FY26:
Canaccord Genuity forecasts a full year FY26 dividend of 0.00 cents and EPS of 6.40 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 76.09.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 8.4, implying annual growth of -11.8%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 58.0.
Forecast for FY27:
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 17.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 27.83.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 14.3, implying annual growth of 70.2%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 34.1.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
WEB WEB TRAVEL GROUP LIMITED
Travel, Leisure & Tourism – Overnight Price: $2.44
Canaccord Genuity rates ((WEB)) as Buy (1) –
Canaccord Genuity maintains a Buy rating for Web Travel with a $5.30 target price following a result update from global competitor HBX Group.
The broker notes revenue margins are likely to remain steady at 6.5% despite lowered guidance from HBX.
Activity levels are expected to face contraction in the coming months due to travel disruptions related to the Iran conflict, potentially leading to negative revisions for FY27 consensus EBITDA.
Earnings per share forecasts have been maintained, while the company is viewed as a potential bid recipient amid reports of industry interest in privatising similar global players.
Market share is projected to grow quickly as customers shift toward major participants with superior technology stacks, the report states.
This report was published on May 14, 2026.
Target price is $5.30 Current Price is $2.44 Difference: $2.86
If WEB meets the Canaccord Genuity target it will return approximately 117% (excluding dividends, fees and charges).
Current consensus price target is $5.44, suggesting upside of 123.0%(ex-dividends)
Forecast for FY26:
Current consensus EPS estimate is 23.7, implying annual growth of -54.5%.
Current consensus DPS estimate is 0.7, implying a prospective dividend yield of 0.3%.
Current consensus EPS estimate suggests the PER is 10.3.
Forecast for FY27:
Current consensus EPS estimate is 32.0, implying annual growth of 35.0%.
Current consensus DPS estimate is 2.0, implying a prospective dividend yield of 0.8%.
Current consensus EPS estimate suggests the PER is 7.6.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
WZR WISR LIMITED
Business & Consumer Credit – Overnight Price: $0.02
Shaw and Partners rates ((WZR)) as Buy (1) –
Shaw and Partners maintains a Buy rating for Wisr with an unchanged $0.07 price target following a recent emerging companies conference presentation.
Credit quality improvements and a reduction in arrears contrast with worsening trends at major banks, the broker notes.
Loan book growth reached $1bn in the March Quarter 2026 as major lenders pull back from personal and vehicle finance markets, the report states.
The broker expects cost discipline and flat headcount to deliver operating leverage as loan originations are forecast to grow more than 50% in FY26.
Management upgrades guidance for revenue and originations while targeting a cash profit in the second half of 2026.
This report was published on May 15, 2026.
Target price is $0.07 Current Price is $0.02 Difference: $0.049
If WZR meets the Shaw and Partners target it will return approximately 233% (excluding dividends, fees and charges).
The company’s fiscal year ends in June.
Forecast for FY26:
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.00 cents.
Forecast for FY27:
Shaw and Partners forecasts a full year FY27 dividend of 0.00 cents and EPS of 0.50 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 4.20.
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
XRO XERO LIMITED
Accountancy – Overnight Price: $79.67
Jarden rates ((XRO)) as Buy (1) –
Jarden maintains a Buy rating for Xero with a reduced $117.00 target price following a “solid” FY26 result overshadowed by yet another AI product launch by Anthropic
The broker notes underlying earnings before interest and tax reached NZ$374.6m, while group net subscriber additions of 506k significantly exceeded consensus estimates.
The report states earnings per share forecasts for FY27 have been downgraded by -20% to account for higher finance costs and tax rates.
New product announcements including the top-tier ‘Ultra’ plan and the ‘XeroForce’ AI agent builder offer potential revenue growth not currently priced into the stock, the broker highlights.
Jarden observes the Melio acquisition remains dilutive to margins, while guidance for FY27 infers a step-down in the EBITDA margin to a range of 24% to 25%.
This report was published on May 14, 2026.
Target price is $117.00 Current Price is $79.67 Difference: $37.33
If XRO meets the Jarden target it will return approximately 47% (excluding dividends, fees and charges).
Current consensus price target is $137.74, suggesting upside of 72.9%(ex-dividends)
The company’s fiscal year ends in March.
Forecast for FY27:
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 106.23 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 75.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 111.5, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 71.5.
Forecast for FY28:
Jarden forecasts a full year FY28 dividend of 0.00 cents and EPS of 109.72 cents.
At the last closing share price the stock’s estimated Price to Earnings Ratio (PER) is 72.61.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 188.7, implying annual growth of 69.2%.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 42.2.
This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena’s consensus calculations require a minimum of three sources
Disclaimer:
The content of this information does in no way reflect the opinions of FNArena, or of its journalists. In fact we don’t have any opinion about the stock market, its value, future direction or individual shares. FNArena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide experienced, intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface.
This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FNArena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.
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