Icarus Signal New Entries For Today

This story features WESFARMERS LIMITED, and other companies. For more info SHARE ANALYSIS: WES

Daily update on share prices and consensus price targets.

By Rudi Filapek-Vandyck

As predicted, and it wasn't even that long ago, Icarus today welcomes the return of Monadelphous ((MND)) amongst stocks rapidly approaching consensus target. The only reason as to why Monadelphous disappeared from Icarus' radar was due to forced selling from small caps funds managers (as reported) and as it turned out, the negative effect was very, very temporary. Investors waiting for lower prices to get on board might have to wait a little longer as I, for one, will not be surprised if Monadelphous moves all the way to well above consensus target, before we start talking "gravity" again.

Service companies leveraged to capex spending by miners and energy companies are once again "hot" and Monadelphous might be the best play in this segment, it is not the only candidate that is attracting natural buyers in the share market. Take Campbell Brothers ((CPB)), for example. Regular readers of my stories know Campbell Bros featured regularly earlier this year, when the share price was closer to $40 than $50 (where it is this week) and unsurprisingly to the max, stockbrokers have now started to downgrade their rating to Neutral.

Everything has a price, even for a company on a roll like Campbell is this fiscal year.

Projected EPS growth this year is no less than 40% for the company and if market consensus estimates can be relied upon, there should be double-digit follow-ups in years to come. Not surprisingly, the share price of Campbell Bros has started to find the going tougher, and that's only normal, given the above context.

There are now 26 stocks trading close but still below consensus target and amongst these we find names such as Wesfarmers ((WES)), Patties Foods ((PFL)), Alacer Gold ((AQG)), Primary Healthcare ((PRY)) and the aforementioned Monadelphous.

The list of stocks trading above target includes names such as Myer ((MYR)), Mesoblast ((MSB)), Mincor Resources ((MCR)) and Photon Group ((PGA)). This group now comprises of 41 stocks.

In the meantime, Northern Iron ((NFE)), Highlands Pacific ((HIG)), Aquarius Platinum ((AQP)) and Peet ((PPC)) all joined the Bottom 50.

Investors should consider the information and data are provided for research purposes only.

Stocks <3% Below Consensus

Order Symbol Current Price($) Consensus Target($) Difference(%) 1 WES $ 32.92 $ 32.94 0.06% 2 BEN $ 9.22 $ 9.23 0.09% 3 MND $ 19.37 $ 19.55 0.94% 4 PFL $ 1.78 $ 1.80 1.12% 5 AUT $ 3.43 $ 3.48 1.37% 6 OMH $ 0.57 $ 0.58 1.75% 7 BBG $ 4.45 $ 4.53 1.87% 8 AQG $ 12.10 $ 12.38 2.31% 9 PRY $ 3.41 $ 3.50 2.64% 10 NUF $ 4.71 $ 4.84 2.82% 11 NHC $ 5.98 $ 6.16 2.96%

Stocks Above Consensus

Order Symbol Current Price($) Consensus Target($) Difference(%) 1 MYR $ 2.58 $ 2.56 – 0.66% 2 AQA $ 6.81 $ 6.73 – 1.17% 3 MSB $ 8.19 $ 8.08 – 1.40% 4 SDG $ 0.94 $ 0.92 – 1.60% 5 TSO $ 0.53 $ 0.52 – 1.90% 6 MCR $ 0.86 $ 0.84 – 2.11% 7 TRU $ 5.58 $ 5.41 – 3.05% 8 GWA $ 2.47 $ 2.37 – 4.13% 9 PGA $ 0.07 $ 0.06 – 10.45%

Top 50 Stocks Furthest from Consensus

Order Symbol Current Price($) Consensus Target($) Difference(%) 1 CVN $ 0.13 $ 0.50 300.00% 2 ACL $ 0.28 $ 1.06 278.57% 3 OTH $ 0.41 $ 1.50 270.37% 4 SLX $ 2.04 $ 7.54 269.36% 5 PPX $ 0.08 $ 0.30 254.76% 6 RES $ 0.48 $ 1.45 202.08% 7 NCR $ 0.30 $ 0.78 164.41% 8 BTA $ 0.75 $ 1.98 164.00% 9 TSM $ 0.41 $ 1.02 150.62% 10 RFX $ 0.85 $ 2.04 140.00% 11 IFN $ 0.26 $ 0.60 136.86% 12 BND $ 0.78 $ 1.80 132.26% 13 AOH $ 0.29 $ 0.65 128.07% 14 RQL $ 0.39 $ 0.86 122.08% 15 AVG $ 0.27 $ 0.58 118.87% 16 GNM $ 0.24 $ 0.50 114.04% 17 DTE $ 0.59 $ 1.20 103.39% 18 TXN $ 0.63 $ 1.28 103.17% 19 SMR $ 1.01 $ 2.03 101.99% 20 HST $ 0.10 $ 0.20 100.00% 21 PEM $ 0.44 $ 0.87 100.00% 22 KGD $ 1.32 $ 2.55 93.18% 23 VMS $ 0.37 $ 0.70 91.78% 24 GBG $ 0.57 $ 1.08 90.80% 25 HGO $ 0.22 $ 0.41 90.70% 26 LNC $ 2.00 $ 3.75 87.97% 27 LYC $ 1.23 $ 2.24 82.86% 28 ELD $ 0.24 $ 0.44 82.08% 29 HZN $ 0.25 $ 0.44 78.78% 30 BOL $ 0.28 $ 0.49 78.18% 31 FND $ 0.38 $ 0.67 76.32% 32 IVA $ 1.05 $ 1.85 76.19% 33 PXS $ 1.32 $ 2.31 75.89% 34 AJA $ 2.25 $ 3.93 74.67% 35 BSL $ 0.79 $ 1.36 72.74% 36 ROC $ 0.29 $ 0.49 70.18% 37 NFE $ 0.74 $ 1.25 70.07% 38 TIS $ 0.56 $ 0.95 69.64% 39 WTP $ 1.17 $ 1.96 68.24% 40 MAQ $ 8.10 $ 13.51 66.79% 41 HIG $ 0.21 $ 0.35 66.67% 42 IPD $ 0.69 $ 1.14 66.42% 43 KAR $ 5.26 $ 8.67 64.87% 44 COK $ 0.40 $ 0.65 64.56% 45 ALK $ 1.18 $ 1.92 63.40% 46 FKP $ 0.52 $ 0.85 62.69% 47 ERA $ 1.80 $ 2.91 61.89% 48 OST $ 1.02 $ 1.62 58.53% 49 AQP $ 2.80 $ 4.42 57.68% 50 PPC $ 1.16 $ 1.82 57.32%

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