Australian Broker Call
Produced and copyrighted by at www.fnarena.com
January 13, 2021
Access Broker Call Report Archives here
COMPANIES DISCUSSED IN THIS ISSUE
Click on symbol for fast access.
The number next to the symbol represents the number of brokers covering it for this report -(if more than 1).
Last Updated: 05:00 PM
Your daily news report on the latest recommendation, valuation, forecast and opinion changes.
This report includes concise but limited reviews of research recently published by Stockbrokers, which should be considered as information concerning likely market behaviour rather than advice on the securities mentioned. Do not act on the contents of this Report without first reading the important information included at the end.
For more info about the different terms used by stockbrokers, as well as the different methodologies behind similar sounding ratings, download our guide HERE
Today's Upgrades and Downgrades
AX1 - | Accent Group | Downgrade to Equal-weight from Overweight | Morgan Stanley |
BLD - | Boral | Upgrade to Hold from Lighten | Ord Minnett |
NVX - | Novonix | Downgrade to Hold from Speculative Buy | Morgans |
REH - | Reece | Downgrade to Lighten from Hold | Ord Minnett |
Overnight Price: $3.23
Ord Minnett rates ABC as Hold (3) -
Ord Minnett has updated input assumptions and forecasts for Australia's building materials sector. For AdBri, the result is a slight reduction in price target, to $3.10 from $3.15. Hold rating retained.
This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.
Target price is $3.10 Current Price is $3.23 Difference: minus $0.13 (current price is over target).
If ABC meets the Ord Minnett target it will return approximately minus 4% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $2.97, suggesting downside of -9.3% (ex-dividends)
The company's fiscal year ends in December.
Forecast for FY20:
Ord Minnett forecasts a full year FY20 dividend of 11.30 cents and EPS of 17.10 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 15.9, implying annual growth of 117.8%. Current consensus DPS estimate is 10.5, implying a prospective dividend yield of 3.2%. Current consensus EPS estimate suggests the PER is 20.6. |
Forecast for FY21:
Ord Minnett forecasts a full year FY21 dividend of 10.50 cents and EPS of 16.20 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 15.9, implying annual growth of N/A. Current consensus DPS estimate is 10.6, implying a prospective dividend yield of 3.2%. Current consensus EPS estimate suggests the PER is 20.6. |
Market Sentiment: -0.1
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
UBS rates ABC as Neutral (3) -
In a general update on building materials companies on the ASX, UBS analysts express the view that, unless a rate hike occurs or credit lending restrictions tighten, housing likely has more upside this year.
However, the analysts also point out home builders' ability to meet demand plus further possible stimulus are factors to watch for.
UBS's sector preferences are James Hardie first, followed by Boral, then Brickworks, while CSR, Reliance Worldwide and AdBri are less preferred.
The good news for AdBri is a 30% jump in the price target, to $3.15 from $2.40 but the rating remains on Neutral due to ongoing uncertainty concerning its lime operations.
Target price is $3.15 Current Price is $3.23 Difference: minus $0.08 (current price is over target).
If ABC meets the UBS target it will return approximately minus 2% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $2.97, suggesting downside of -9.3% (ex-dividends)
The company's fiscal year ends in December.
Forecast for FY20:
UBS forecasts a full year FY20 dividend of 11.00 cents and EPS of 16.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 15.9, implying annual growth of 117.8%. Current consensus DPS estimate is 10.5, implying a prospective dividend yield of 3.2%. Current consensus EPS estimate suggests the PER is 20.6. |
Forecast for FY21:
UBS forecasts a full year FY21 dividend of 13.00 cents and EPS of 18.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 15.9, implying annual growth of N/A. Current consensus DPS estimate is 10.6, implying a prospective dividend yield of 3.2%. Current consensus EPS estimate suggests the PER is 20.6. |
Market Sentiment: -0.1
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Overnight Price: $30.13
Credit Suisse rates ALU as Outperform (1) -
Weaker-for-longer, such is Credit Suisse's conclusion post the release of Altium's unaudited half-yearly numbers. The analysts do note management declared the pipeline of deals looking to materialise in H2 is "significant".
Earnings estimates have been reduced and the analysts conclude their initiation of coverage with an Outperform rating and $42 price target has proved to be "a half too early".
In Credit Suisse's words: "This business is exposed to high levels of non-recurring sales (e.g. license sales), which increases cyclicality and makes the business susceptible to headwinds such as COVID-19."
Outperform rating retained, while the price target drops to $35 from $42.
Target price is $35.00 Current Price is $30.13 Difference: $4.87
If ALU meets the Credit Suisse target it will return approximately 16% (excluding dividends, fees and charges).
Current consensus price target is $34.63, suggesting upside of 22.0% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY21:
Credit Suisse forecasts a full year FY21 dividend of 46.75 cents and EPS of 57.70 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 51.7, implying annual growth of N/A. Current consensus DPS estimate is 44.0, implying a prospective dividend yield of 1.6%. Current consensus EPS estimate suggests the PER is 54.9. |
Forecast for FY22:
Credit Suisse forecasts a full year FY22 dividend of 51.40 cents and EPS of 57.70 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 57.6, implying annual growth of 11.4%. Current consensus DPS estimate is 49.2, implying a prospective dividend yield of 1.7%. Current consensus EPS estimate suggests the PER is 49.3. |
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Macquarie rates ALU as Neutral (3) -
Altium released unaudited H1 revenue declined by -3% as the pandemic and license issues in China had a negative impact. FY21 guidance has been maintained, and continues to imply a recovery in H2, comment analysts at Macquarie.
Incorporating the divestment of the Tasking operations, as well as near-term weakness has triggered reduced forecasts and thus a fall in price target; to $31 from $35. Neutral rating retained.
All in all, yesterday's update was weaker than the broker had expected. Longer-term, Macquarie notes, targets remain intact.
Target price is $31.00 Current Price is $30.13 Difference: $0.87
If ALU meets the Macquarie target it will return approximately 3% (excluding dividends, fees and charges).
Current consensus price target is $34.63, suggesting upside of 22.0% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY21:
Macquarie forecasts a full year FY21 dividend of 35.60 cents and EPS of 50.92 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 51.7, implying annual growth of N/A. Current consensus DPS estimate is 44.0, implying a prospective dividend yield of 1.6%. Current consensus EPS estimate suggests the PER is 54.9. |
Forecast for FY22:
Macquarie forecasts a full year FY22 dividend of 39.60 cents and EPS of 57.27 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 57.6, implying annual growth of 11.4%. Current consensus DPS estimate is 49.2, implying a prospective dividend yield of 1.7%. Current consensus EPS estimate suggests the PER is 49.3. |
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
UBS rates ALU as Neutral (3) -
UBS is still in the process of reviewing Altium's trading update. Today's research update indicates the analysts are awaiting the release of H1 results on February 15 to remodel forecasts and projections.
Meanwhile, a price target of $36 in combination with a Neutral rating remain in place.
Target price is $36.00 Current Price is $30.13 Difference: $5.87
If ALU meets the UBS target it will return approximately 19% (excluding dividends, fees and charges).
Current consensus price target is $34.63, suggesting upside of 22.0% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY21:
UBS forecasts a full year FY21 dividend of 56.41 cents and EPS of 60.87 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 51.7, implying annual growth of N/A. Current consensus DPS estimate is 44.0, implying a prospective dividend yield of 1.6%. Current consensus EPS estimate suggests the PER is 54.9. |
Forecast for FY22:
UBS forecasts a full year FY22 dividend of 63.84 cents and EPS of 68.29 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 57.6, implying annual growth of 11.4%. Current consensus DPS estimate is 49.2, implying a prospective dividend yield of 1.7%. Current consensus EPS estimate suggests the PER is 49.3. |
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
UBS rates AMP as Neutral (3) -
Marking-to-market for Australian financials and insurers has led to forecast changes across the board, but only two companies saw a change in price target (see elsewhere in today's Report).
For AMP, Neutral rating and $1.80 price target remain intact. EPS forecasts have fallen but DPS forecast for FY21 has risen to 3c after an anticipated payout of 10c in FY20.
Target price is $1.80 Current Price is $1.61 Difference: $0.19
If AMP meets the UBS target it will return approximately 12% (excluding dividends, fees and charges).
Current consensus price target is $1.59, suggesting upside of 0.5% (ex-dividends)
The company's fiscal year ends in December.
Forecast for FY20:
UBS forecasts a full year FY20 dividend of 10.00 cents and EPS of 7.20 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 9.9, implying annual growth of N/A. Current consensus DPS estimate is 10.3, implying a prospective dividend yield of 6.5%. Current consensus EPS estimate suggests the PER is 16.0. |
Forecast for FY21:
UBS forecasts a full year FY21 dividend of 3.00 cents and EPS of 5.10 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 8.8, implying annual growth of -11.1%. Current consensus DPS estimate is 5.1, implying a prospective dividend yield of 3.2%. Current consensus EPS estimate suggests the PER is 18.0. |
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
ARB ARB CORPORATION LIMITED
Automobiles & Components
More Research Tools In Stock Analysis - click HERE
Overnight Price: $33.47
Citi rates ARB as Buy (1) -
Citi analysts observe recent media reporting suggests a global shortage of semiconductors for auto parts is forcing auto manufacturers to cut production.
It is the broker's view this benefits both Bapcor and GUD Holdings in Australia. Older vehicles remaining on the road plus ongoing strong demand for second hand vehicles should be direct consequences beneficial for both.
Outside the two companies mentioned, Citi remains positive about ARB Corp's medium term growth outlook, as expressed last week. A pickup in truck demand remains strong in the US which the analysts see as an indicator for strong export sales. Buy. Price target $34.25.
Target price is $34.25 Current Price is $33.47 Difference: $0.78
If ARB meets the Citi target it will return approximately 2% (excluding dividends, fees and charges).
Current consensus price target is $31.76, suggesting downside of -2.1% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY21:
Citi forecasts a full year FY21 dividend of 52.00 cents and EPS of 112.50 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 107.9, implying annual growth of 50.3%. Current consensus DPS estimate is 63.0, implying a prospective dividend yield of 1.9%. Current consensus EPS estimate suggests the PER is 30.1. |
Forecast for FY22:
Citi forecasts a full year FY22 dividend of 46.60 cents and EPS of 102.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 96.9, implying annual growth of -10.2%. Current consensus DPS estimate is 56.7, implying a prospective dividend yield of 1.7%. Current consensus EPS estimate suggests the PER is 33.5. |
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Credit Suisse rates ARB as Neutral (3) -
It is Credit Suisse's view that ARB Corp delivered a "cracking" H1 trading update, but the analysts question whether the company is experiencing a sustained and material step up in demand.
Nevertheless, yesterday's trading update has triggered an increase in forecasts which pushes the price target to $33.30 from $30.25. No change to the Neutral rating.
Credit Suisse prefers to remain conservative, on its own assessment, while observing the market is happy to pay up for continued strong momentum.
Target price is $33.30 Current Price is $33.47 Difference: minus $0.17 (current price is over target).
If ARB meets the Credit Suisse target it will return approximately minus 1% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $31.76, suggesting downside of -2.1% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY21:
Credit Suisse forecasts a full year FY21 dividend of 56.97 cents and EPS of 103.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 107.9, implying annual growth of 50.3%. Current consensus DPS estimate is 63.0, implying a prospective dividend yield of 1.9%. Current consensus EPS estimate suggests the PER is 30.1. |
Forecast for FY22:
Credit Suisse forecasts a full year FY22 dividend of 55.14 cents and EPS of 98.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 96.9, implying annual growth of -10.2%. Current consensus DPS estimate is 56.7, implying a prospective dividend yield of 1.7%. Current consensus EPS estimate suggests the PER is 33.5. |
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Macquarie rates ARB as Neutral (3) -
ARB Corp's trading update showed stronger than expected operational momentum with the profit margin benefiting from scale, reduced cost base, subsidies & FX, comment the analysts.
Macquarie finds the immediate outlook for ARB remains positive, carried by a strong orderbook, but also believes visibility into FY22 is rather low. Neutral rating retained. Price target improves to $33.50 (versus $29.50 in November last year).
Target price is $33.50 Current Price is $33.47 Difference: $0.03
If ARB meets the Macquarie target it will return approximately 0% (excluding dividends, fees and charges).
Current consensus price target is $31.76, suggesting downside of -2.1% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY21:
Macquarie forecasts a full year FY21 dividend of 80.00 cents and EPS of 112.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 107.9, implying annual growth of 50.3%. Current consensus DPS estimate is 63.0, implying a prospective dividend yield of 1.9%. Current consensus EPS estimate suggests the PER is 30.1. |
Forecast for FY22:
Macquarie forecasts a full year FY22 dividend of 68.40 cents and EPS of 97.70 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 96.9, implying annual growth of -10.2%. Current consensus DPS estimate is 56.7, implying a prospective dividend yield of 1.7%. Current consensus EPS estimate suggests the PER is 33.5. |
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Ord Minnett rates ARB as Lighten (4) -
ARB Corp's latest trading update proved yet another positive event. While acknowledging ongoing strong operational momentum, Ord Minnett sticks to its view the shares are too expensively priced.
While the share price target lifts by $2 to $26, the Lighten rating thus remains in place.
This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.
Target price is $26.00 Current Price is $33.47 Difference: minus $7.47 (current price is over target).
If ARB meets the Ord Minnett target it will return approximately minus 22% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $31.76, suggesting downside of -2.1% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY21:
Ord Minnett forecasts a full year FY21 EPS of 104.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 107.9, implying annual growth of 50.3%. Current consensus DPS estimate is 63.0, implying a prospective dividend yield of 1.9%. Current consensus EPS estimate suggests the PER is 30.1. |
Forecast for FY22:
Ord Minnett forecasts a full year FY22 EPS of 90.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 96.9, implying annual growth of -10.2%. Current consensus DPS estimate is 56.7, implying a prospective dividend yield of 1.7%. Current consensus EPS estimate suggests the PER is 33.5. |
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Overnight Price: $2.41
Morgan Stanley rates AX1 as Downgrade to Equal-weight from Overweight (3) -
Time to take some profits, in the view of Morgan Stanley. The broker has downgraded to Equal-weight from Overweight with a revised price target of $2.60 (versus $2 in late November).
The analysts believe this company has executed well under unusual circumstances. Operational momentum is expected to continue, but conditions are nevertheless expected to normalise, probably by FY22.
On this basis, Morgan Stanley sees the risk-reward as balanced with an eye to the stock's multiple. DPS forecasts have noticeably moved higher.
Target price is $2.60 Current Price is $2.41 Difference: $0.19
If AX1 meets the Morgan Stanley target it will return approximately 8% (excluding dividends, fees and charges).
Current consensus price target is $2.51, suggesting upside of 5.6% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY21:
Morgan Stanley forecasts a full year FY21 dividend of 11.30 cents and EPS of 14.40 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 13.3, implying annual growth of 29.0%. Current consensus DPS estimate is 11.4, implying a prospective dividend yield of 4.8%. Current consensus EPS estimate suggests the PER is 17.9. |
Forecast for FY22:
Morgan Stanley forecasts a full year FY22 dividend of 11.40 cents and EPS of 14.80 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 13.1, implying annual growth of -1.5%. Current consensus DPS estimate is 10.9, implying a prospective dividend yield of 4.6%. Current consensus EPS estimate suggests the PER is 18.2. |
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Overnight Price: $7.85
Citi rates BAP as Buy (1) -
Citi analysts observe recent media reporting suggests a global shortage of semiconductors for auto parts is forcing auto manufacturers to cut production.
It is the broker's view this benefits both Bapcor and GUD Holdings in Australia. Older vehicles remaining on the road plus ongoing strong demand for second hand vehicles should be direct consequences beneficial for both.
Bapcor remains Citi's top pick in the local small cap auto sector. The business is seen as "defensive" while the potential for EPS-accretive acquisitions remains intact, according to the broker. Buy. Target price $8.85.
Target price is $8.85 Current Price is $7.85 Difference: $1
If BAP meets the Citi target it will return approximately 13% (excluding dividends, fees and charges).
Current consensus price target is $8.72, suggesting upside of 11.1% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY21:
Citi forecasts a full year FY21 dividend of 21.50 cents and EPS of 34.90 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 35.5, implying annual growth of 31.6%. Current consensus DPS estimate is 18.2, implying a prospective dividend yield of 2.3%. Current consensus EPS estimate suggests the PER is 22.1. |
Forecast for FY22:
Citi forecasts a full year FY22 dividend of 20.80 cents and EPS of 34.50 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 37.2, implying annual growth of 4.8%. Current consensus DPS estimate is 20.1, implying a prospective dividend yield of 2.6%. Current consensus EPS estimate suggests the PER is 21.1. |
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
BKW BRICKWORKS LIMITED
Building Products & Services
More Research Tools In Stock Analysis - click HERE
Overnight Price: $18.95
UBS rates BKW as Buy (1) -
In a general update on building materials companies on the ASX, UBS analysts express the view that, unless a rate hike occurs or credit lending restrictions tighten, housing likely has more upside this year.
However, the analysts also point out home builders' ability to meet demand plus further possible stimulus are factors to watch for.
UBS's sector preferences are James Hardie first, followed by Boral, then Brickworks, while CSR, Reliance Worldwide and AdBri are less preferred.
Buy rating and $22.70 price target for Brickworks have remained untouched.
Target price is $22.70 Current Price is $18.95 Difference: $3.75
If BKW meets the UBS target it will return approximately 20% (excluding dividends, fees and charges).
Current consensus price target is $21.09, suggesting upside of 12.7% (ex-dividends)
The company's fiscal year ends in July.
Forecast for FY21:
UBS forecasts a full year FY21 dividend of 62.00 cents and EPS of 47.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 56.1, implying annual growth of -71.9%. Current consensus DPS estimate is 60.3, implying a prospective dividend yield of 3.2%. Current consensus EPS estimate suggests the PER is 33.4. |
Forecast for FY22:
UBS forecasts a full year FY22 dividend of 65.00 cents and EPS of 79.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 85.4, implying annual growth of 52.2%. Current consensus DPS estimate is 62.3, implying a prospective dividend yield of 3.3%. Current consensus EPS estimate suggests the PER is 21.9. |
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Overnight Price: $4.88
Ord Minnett rates BLD as Upgrade to Hold from Lighten (3) -
Boral has received an upgrade to Hold from Lighten as Ord Minnett updates assumptions and forecasts for Australia's building materials sector.
While the broker believes the share price has "overshot" by some margin, it remains concerned about the outlook for the company's fly ash operations in the US given structural decline of US coal-fired power.
Because optimism seems warranted for Boral's other operations, Ord Minnett believes an upgrade to Hold is now appropriate. Price target has lifted to $4.90 from $4.50.
This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.
Target price is $4.90 Current Price is $4.88 Difference: $0.02
If BLD meets the Ord Minnett target it will return approximately 0% (excluding dividends, fees and charges).
Current consensus price target is $5.04, suggesting upside of 1.8% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY21:
Ord Minnett forecasts a full year FY21 dividend of 0.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 19.5, implying annual growth of N/A. Current consensus DPS estimate is 4.5, implying a prospective dividend yield of 0.9%. Current consensus EPS estimate suggests the PER is 25.4. |
Forecast for FY22:
Current consensus EPS estimate is 27.3, implying annual growth of 40.0%. Current consensus DPS estimate is 15.6, implying a prospective dividend yield of 3.2%. Current consensus EPS estimate suggests the PER is 18.1. |
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
UBS rates BLD as Buy (1) -
In a general update on building materials companies on the ASX, UBS analysts express the view that, unless a rate hike occurs or credit lending restrictions tighten, housing likely has more upside this year.
However, the analysts also point out home builders' ability to meet demand plus further possible stimulus are factors to watch for.
UBS's sector preferences are James Hardie first, followed by Boral, then Brickworks, while CSR, Reliance Worldwide and AdBri are less preferred.
Boral's price target at $5.60 and the rating on Buy remain unchanged.
Target price is $5.60 Current Price is $4.88 Difference: $0.72
If BLD meets the UBS target it will return approximately 15% (excluding dividends, fees and charges).
Current consensus price target is $5.04, suggesting upside of 1.8% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY21:
UBS forecasts a full year FY21 dividend of 7.00 cents and EPS of 21.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 19.5, implying annual growth of N/A. Current consensus DPS estimate is 4.5, implying a prospective dividend yield of 0.9%. Current consensus EPS estimate suggests the PER is 25.4. |
Forecast for FY22:
UBS forecasts a full year FY22 dividend of 18.00 cents and EPS of 28.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 27.3, implying annual growth of 40.0%. Current consensus DPS estimate is 15.6, implying a prospective dividend yield of 3.2%. Current consensus EPS estimate suggests the PER is 18.1. |
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
CGF CHALLENGER LIMITED
Wealth Management & Investments
More Research Tools In Stock Analysis - click HERE
Overnight Price: $6.88
UBS rates CGF as Buy (1) -
Marking-to-market for Australian financials and insurers has led to forecast changes across the board, but only two companies saw a change in price target.
Challenger is one of the two with UBS incorporating the recent acquisition. Price target has improved to $7.70 from $6.85 in December. Buy rating retained as EPS estimates have been reduced.
Target price is $7.70 Current Price is $6.88 Difference: $0.82
If CGF meets the UBS target it will return approximately 12% (excluding dividends, fees and charges).
Current consensus price target is $5.46, suggesting downside of -22.0% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY21:
UBS forecasts a full year FY21 dividend of 23.00 cents and EPS of 33.50 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 37.9, implying annual growth of N/A. Current consensus DPS estimate is 20.0, implying a prospective dividend yield of 2.9%. Current consensus EPS estimate suggests the PER is 18.5. |
Forecast for FY22:
UBS forecasts a full year FY22 dividend of 24.50 cents and EPS of 37.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 41.5, implying annual growth of 9.5%. Current consensus DPS estimate is 24.6, implying a prospective dividend yield of 3.5%. Current consensus EPS estimate suggests the PER is 16.9. |
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
CIM CIMIC GROUP LIMITED
Industrial Sector Contractors & Engineers
More Research Tools In Stock Analysis - click HERE
Overnight Price: $24.86
Ord Minnett rates CIM as Buy (1) -
A general sector update on contractors, plus the fact Ord Minnett is returning from research restrictions, has opened the way for a fresh Buy rating for Cimic Group.
The broker highlights the 50% divestment of Thiess to Elliott Advisors in the UK will generate $2.2bn in cash proceeds for the company.
The broker sees an attractive looking 4.3% dividend yield on offer. Plus there is scope for buybacks. The price target is $32 (for December 2021).
This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.
Target price is $32.00 Current Price is $24.86 Difference: $7.14
If CIM meets the Ord Minnett target it will return approximately 29% (excluding dividends, fees and charges).
Current consensus price target is $31.17, suggesting upside of 16.7% (ex-dividends)
Forecast for FY20:
Current consensus EPS estimate is 211.9, implying annual growth of N/A. Current consensus DPS estimate is 37.2, implying a prospective dividend yield of 1.4%. Current consensus EPS estimate suggests the PER is 12.6. |
Forecast for FY21:
Current consensus EPS estimate is 183.1, implying annual growth of -13.6%. Current consensus DPS estimate is 110.3, implying a prospective dividend yield of 4.1%. Current consensus EPS estimate suggests the PER is 14.6. |
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Overnight Price: $5.19
Ord Minnett rates CSR as Accumulate (2) -
Ord Minnett has updated input assumptions and forecasts for Australia's building materials sector. For CSR, the Accumulate rating has remained intact with an increase in price target by 50c to $5.50.
This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.
Target price is $5.50 Current Price is $5.19 Difference: $0.31
If CSR meets the Ord Minnett target it will return approximately 6% (excluding dividends, fees and charges).
Current consensus price target is $5.22, suggesting downside of -0.1% (ex-dividends)
Forecast for FY21:
Current consensus EPS estimate is 29.7, implying annual growth of 16.9%. Current consensus DPS estimate is 19.1, implying a prospective dividend yield of 3.7%. Current consensus EPS estimate suggests the PER is 17.6. |
Forecast for FY22:
Current consensus EPS estimate is 30.3, implying annual growth of 2.0%. Current consensus DPS estimate is 15.8, implying a prospective dividend yield of 3.0%. Current consensus EPS estimate suggests the PER is 17.2. |
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
UBS rates CSR as Buy (1) -
In a general update on building materials companies on the ASX, UBS analysts express the view that, unless a rate hike occurs or credit lending restrictions tighten, housing likely has more upside this year.
However, the analysts also point out home builders' ability to meet demand plus further possible stimulus are factors to watch for.
UBS's sector preferences are James Hardie first, followed by Boral, then Brickworks, while CSR, Reliance Worldwide and AdBri are less preferred.
For CSR, the Buy rating and $5.19 price target remain unchanged.
Target price is $5.19 Current Price is $5.19 Difference: $0
If CSR meets the UBS target it will return approximately 0% (excluding dividends, fees and charges).
Current consensus price target is $5.22, suggesting downside of -0.1% (ex-dividends)
The company's fiscal year ends in March.
Forecast for FY21:
UBS forecasts a full year FY21 dividend of 22.50 cents and EPS of 32.10 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 29.7, implying annual growth of 16.9%. Current consensus DPS estimate is 19.1, implying a prospective dividend yield of 3.7%. Current consensus EPS estimate suggests the PER is 17.6. |
Forecast for FY22:
UBS forecasts a full year FY22 dividend of 21.00 cents and EPS of 29.40 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 30.3, implying annual growth of 2.0%. Current consensus DPS estimate is 15.8, implying a prospective dividend yield of 3.0%. Current consensus EPS estimate suggests the PER is 17.2. |
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
GUD G.U.D. HOLDINGS LIMITED
Household & Personal Products
More Research Tools In Stock Analysis - click HERE
Overnight Price: $10.91
Citi rates GUD as Buy (1) -
Citi analysts observe recent media reporting suggests a global shortage of semiconductors for auto parts is forcing auto manufacturers to cut production.
It is the broker's view this benefits both Bapcor and GUD Holdings in Australia. Older vehicles remaining on the road plus ongoing strong demand for second hand vehicles should be direct consequences beneficial for both.
Citi has retained its Buy rating for GUD Holdings on the expectation the recent ACAD acquisition will provide additional optionality for growth. Target price has gained 10c to $14.40.
Target price is $14.40 Current Price is $10.91 Difference: $3.49
If GUD meets the Citi target it will return approximately 32% (excluding dividends, fees and charges).
Current consensus price target is $12.90, suggesting upside of 16.0% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY21:
Citi forecasts a full year FY21 dividend of 40.00 cents and EPS of 68.10 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 67.2, implying annual growth of 33.3%. Current consensus DPS estimate is 44.4, implying a prospective dividend yield of 4.0%. Current consensus EPS estimate suggests the PER is 16.5. |
Forecast for FY22:
Citi forecasts a full year FY22 dividend of 55.00 cents and EPS of 72.60 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 71.8, implying annual growth of 6.8%. Current consensus DPS estimate is 54.2, implying a prospective dividend yield of 4.9%. Current consensus EPS estimate suggests the PER is 15.5. |
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Overnight Price: $5.00
UBS rates IAG as Buy (1) -
Marking-to-market for Australian financials and insurers has led to forecast changes across the board, but only two companies saw a change in price target (see elsewhere in today's Report).
Buy rating and $5.80 price target for Insurance Australia Group remain unchanged. Estimates have increased, in particular DPS forecasts.
Target price is $5.80 Current Price is $5.00 Difference: $0.8
If IAG meets the UBS target it will return approximately 16% (excluding dividends, fees and charges).
Current consensus price target is $5.46, suggesting upside of 8.1% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY21:
UBS forecasts a full year FY21 dividend of 19.00 cents and EPS of 26.20 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 1.6, implying annual growth of -91.6%. Current consensus DPS estimate is 15.1, implying a prospective dividend yield of 3.0%. Current consensus EPS estimate suggests the PER is 315.6. |
Forecast for FY22:
UBS forecasts a full year FY22 dividend of 21.00 cents and EPS of 28.70 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 30.5, implying annual growth of 1806.2%. Current consensus DPS estimate is 24.8, implying a prospective dividend yield of 4.9%. Current consensus EPS estimate suggests the PER is 16.6. |
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
JHX JAMES HARDIE INDUSTRIES N.V.
Building Products & Services
More Research Tools In Stock Analysis - click HERE
Overnight Price: $36.17
Ord Minnett rates JHX as Accumulate (2) -
Ord Minnett has updated input assumptions and forecasts for Australia's building materials sector. The update has resulted in a higher price target for James Hardie -up to $42 from $40- while the rating remains at Accumulate.
This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.
Target price is $42.00 Current Price is $36.17 Difference: $5.83
If JHX meets the Ord Minnett target it will return approximately 16% (excluding dividends, fees and charges).
Current consensus price target is $40.59, suggesting upside of 10.1% (ex-dividends)
Forecast for FY21:
Current consensus EPS estimate is 123.5, implying annual growth of N/A. Current consensus DPS estimate is 60.3, implying a prospective dividend yield of 1.6%. Current consensus EPS estimate suggests the PER is 29.8. |
Forecast for FY22:
Current consensus EPS estimate is 145.8, implying annual growth of 18.1%. Current consensus DPS estimate is 74.8, implying a prospective dividend yield of 2.0%. Current consensus EPS estimate suggests the PER is 25.3. |
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
UBS rates JHX as Buy (1) -
In a general update on building materials companies on the ASX, UBS analysts express the view that, unless a rate hike occurs or credit lending restrictions tighten, housing likely has more upside this year.
However, the analysts also point out home builders' ability to meet demand plus further possible stimulus are factors to watch for.
UBS's sector preferences are James Hardie first, followed by Boral, then Brickworks, while CSR, Reliance Worldwide and AdBri are less preferred.
$43 price target and Buy rating for James Hardie remain intact.
Target price is $43.00 Current Price is $36.17 Difference: $6.83
If JHX meets the UBS target it will return approximately 19% (excluding dividends, fees and charges).
Current consensus price target is $40.59, suggesting upside of 10.1% (ex-dividends)
The company's fiscal year ends in March.
Forecast for FY21:
UBS forecasts a full year FY21 dividend of 73.57 cents and EPS of 142.82 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 123.5, implying annual growth of N/A. Current consensus DPS estimate is 60.3, implying a prospective dividend yield of 1.6%. Current consensus EPS estimate suggests the PER is 29.8. |
Forecast for FY22:
UBS forecasts a full year FY22 dividend of 112.52 cents and EPS of 170.23 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 145.8, implying annual growth of 18.1%. Current consensus DPS estimate is 74.8, implying a prospective dividend yield of 2.0%. Current consensus EPS estimate suggests the PER is 25.3. |
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Overnight Price: $11.27
Citi rates LOV as Neutral (3) -
Citi analysis suggests Lovisa's store rollout is slowing in the US, a key growth region for the retailer of cheap "bling". The analysts see further slowing ahead for the short term.
The broker also points out Lovisa needs to successfully navigate the trend towards less foot traffic in the post-covid world, while the pandemic can still throw up negative surprises in countries including the US, the UK and South Africa, all key growth markets.
Long story short: Citi has pulled back its price target to $11.45 from $11.90 on reduced estimates inspired by temporary closures in the UK and a stronger AUD, which is negative for the translation of foreign earnings. Gross margins have improved. Neutral.
Target price is $11.45 Current Price is $11.27 Difference: $0.18
If LOV meets the Citi target it will return approximately 2% (excluding dividends, fees and charges).
Current consensus price target is $12.16, suggesting upside of 12.2% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY21:
Citi forecasts a full year FY21 dividend of 7.50 cents and EPS of 29.20 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 21.8, implying annual growth of 105.7%. Current consensus DPS estimate is 9.6, implying a prospective dividend yield of 0.9%. Current consensus EPS estimate suggests the PER is 49.7. |
Forecast for FY22:
Citi forecasts a full year FY22 dividend of 12.50 cents and EPS of 45.30 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 36.9, implying annual growth of 69.3%. Current consensus DPS estimate is 23.4, implying a prospective dividend yield of 2.2%. Current consensus EPS estimate suggests the PER is 29.4. |
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
MFG MAGELLAN FINANCIAL GROUP LIMITED
Wealth Management & Investments
More Research Tools In Stock Analysis - click HERE
Overnight Price: $49.79
UBS rates MFG as Neutral (3) -
Marking-to-market for Australian financials and insurers has led to forecast changes across the board, but only two companies saw a change in price target.
Magellan Financial Group is negatively impacted by reducing estimates and UBS has pulled back the price target to $52 from $63.75. Neutral rating retained.
Target price is $52.00 Current Price is $49.79 Difference: $2.21
If MFG meets the UBS target it will return approximately 4% (excluding dividends, fees and charges).
Current consensus price target is $57.15, suggesting upside of 14.0% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY21:
UBS forecasts a full year FY21 dividend of 213.70 cents and EPS of 209.60 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 235.9, implying annual growth of 8.1%. Current consensus DPS estimate is 216.0, implying a prospective dividend yield of 4.3%. Current consensus EPS estimate suggests the PER is 21.3. |
Forecast for FY22:
UBS forecasts a full year FY22 dividend of 232.60 cents and EPS of 263.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 266.9, implying annual growth of 13.1%. Current consensus DPS estimate is 239.2, implying a prospective dividend yield of 4.8%. Current consensus EPS estimate suggests the PER is 18.8. |
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
MND MONADELPHOUS GROUP LIMITED
Mining Sector Contracting
More Research Tools In Stock Analysis - click HERE
Overnight Price: $13.79
Ord Minnett rates MND as Hold (3) -
A general sector update on contractors has triggered an increase in forecasts and price target to $12.80 from $10.80 for Monadelphous Group.
The broker has removed an extra discount put in place following legal action by a key customer as risk is seen receding following a new three-year maintenance contract with Rio Tinto ((RIO) - yes, that same key customer.
Hold rating retained.
This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.
Target price is $12.80 Current Price is $13.79 Difference: minus $0.99 (current price is over target).
If MND meets the Ord Minnett target it will return approximately minus 7% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $11.91, suggesting downside of -15.4% (ex-dividends)
Forecast for FY21:
Current consensus EPS estimate is 56.8, implying annual growth of 47.0%. Current consensus DPS estimate is 41.1, implying a prospective dividend yield of 2.9%. Current consensus EPS estimate suggests the PER is 24.8. |
Forecast for FY22:
Current consensus EPS estimate is 64.8, implying annual growth of 14.1%. Current consensus DPS estimate is 45.9, implying a prospective dividend yield of 3.3%. Current consensus EPS estimate suggests the PER is 21.7. |
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Overnight Price: $2.99
UBS rates MPL as Neutral (3) -
Marking-to-market for Australian financials and insurers has led to forecast changes across the board, but only two companies saw a change in price target (see elsewhere in today's Report).
UBS has kept its rating for Medibank Private on Neutral with a price target of $3.20, up from $2.95 in December. Only small adjustments have been made to forecasts.
Target price is $3.20 Current Price is $2.99 Difference: $0.21
If MPL meets the UBS target it will return approximately 7% (excluding dividends, fees and charges).
Current consensus price target is $2.94, suggesting downside of -1.2% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY21:
UBS forecasts a full year FY21 dividend of 11.40 cents and EPS of 14.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 13.9, implying annual growth of 21.9%. Current consensus DPS estimate is 11.9, implying a prospective dividend yield of 4.0%. Current consensus EPS estimate suggests the PER is 21.4. |
Forecast for FY22:
UBS forecasts a full year FY22 dividend of 10.90 cents and EPS of 13.60 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 14.3, implying annual growth of 2.9%. Current consensus DPS estimate is 12.1, implying a prospective dividend yield of 4.1%. Current consensus EPS estimate suggests the PER is 20.8. |
Market Sentiment: 0.1
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Overnight Price: $5.81
UBS rates NHF as Neutral (3) -
Marking-to-market for Australian financials and insurers has led to forecast changes across the board, but only two companies saw a change in price target (see elsewhere in today's Report).
UBS has kept a Neutral rating for nib Holdings while lifting its price target to $6.15 from $5.85 in December. Only minor changes have been made to forecasts.
Target price is $6.15 Current Price is $5.81 Difference: $0.34
If NHF meets the UBS target it will return approximately 6% (excluding dividends, fees and charges).
Current consensus price target is $5.39, suggesting downside of -9.4% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY21:
UBS forecasts a full year FY21 dividend of 16.00 cents and EPS of 23.30 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 25.7, implying annual growth of 29.8%. Current consensus DPS estimate is 16.2, implying a prospective dividend yield of 2.7%. Current consensus EPS estimate suggests the PER is 23.2. |
Forecast for FY22:
UBS forecasts a full year FY22 dividend of 18.00 cents and EPS of 27.10 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 29.2, implying annual growth of 13.6%. Current consensus DPS estimate is 18.8, implying a prospective dividend yield of 3.2%. Current consensus EPS estimate suggests the PER is 20.4. |
Market Sentiment: 0.1
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Overnight Price: $1.87
Morgans rates NSR as Hold (3) -
Post the recent trading update, covering five months ending 30th November 2020, Morgans feels comfortable FY21 EPS will come out towards the upper end of management's guidance, which is for 7.7-8.3c.
The broker reminds investors DPS guidance is for a payout of at least 90% of underlying earnings. The broker retains its Hold rating while the price target lifts to $1.89 from $1.83.
Target price is $1.89 Current Price is $1.87 Difference: $0.02
If NSR meets the Morgans target it will return approximately 1% (excluding dividends, fees and charges).
Current consensus price target is $1.81, suggesting downside of -3.9% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY21:
Morgans forecasts a full year FY21 dividend of 8.10 cents and EPS of 8.30 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 8.0, implying annual growth of -45.5%. Current consensus DPS estimate is 8.0, implying a prospective dividend yield of 4.3%. Current consensus EPS estimate suggests the PER is 23.5. |
Forecast for FY22:
Morgans forecasts a full year FY22 dividend of 8.10 cents and EPS of 9.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 8.6, implying annual growth of 7.5%. Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A. Current consensus EPS estimate suggests the PER is 21.9. |
Market Sentiment: -0.1
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Overnight Price: $1.69
Morgans rates NVX as Downgrade to Hold from Speculative Buy (3) -
Morgans has pulled back its rating for Novonix to Hold from Speculative Buy. The target price has remained unchanged at $1.33.
The downgrade comes in response to a sharp rally in the share price, which the analysts believe is due to optimism towards EVs and new batteries following the election of Joe Biden as president of the US.
Earnings estimates have been reduced due to delays to the company's contract with Samsung. While the company offers high growth potential, stockbroker Morgans points to some uncertainty given it’s still in the early stages of development.
Target price is $1.33 Current Price is $1.69 Difference: minus $0.36 (current price is over target).
If NVX meets the Morgans target it will return approximately minus 21% (excluding dividends, fees and charges - negative figures indicate an expected loss).
The company's fiscal year ends in June.
Forecast for FY21:
Morgans forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 2.00 cents. |
Forecast for FY22:
Morgans forecasts a full year FY22 dividend of 0.00 cents and EPS of 0.00 cents. |
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Overnight Price: $8.58
UBS rates QBE as Neutral (3) -
Marking-to-market for Australian financials and insurers has led to forecast changes across the board, but only two companies saw a change in price target (see elsewhere in today's Report).
UBS freshly updated on QBE Insurance in yesterday's Report. Price target $9 and a Neutral rating. 2020 reported EPS estimate has declined materially (to a much greater loss) but prospective dividend for FY21 has increased to 30c.
Target price is $9.00 Current Price is $8.58 Difference: $0.42
If QBE meets the UBS target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is $10.55, suggesting upside of 20.7% (ex-dividends)
The company's fiscal year ends in December.
Forecast for FY20:
UBS forecasts a full year FY20 dividend of 5.77 cents and EPS of minus 152.48 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is -74.2, implying annual growth of N/A. Current consensus DPS estimate is 15.2, implying a prospective dividend yield of 1.7%. Current consensus EPS estimate suggests the PER is N/A. |
Forecast for FY21:
UBS forecasts a full year FY21 dividend of 43.28 cents and EPS of 50.64 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 57.8, implying annual growth of N/A. Current consensus DPS estimate is 50.0, implying a prospective dividend yield of 5.7%. Current consensus EPS estimate suggests the PER is 15.1. |
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Overnight Price: $16.29
Ord Minnett rates REH as Downgrade to Lighten from Hold (4) -
Ord Minnett has updated input assumptions and forecasts for Australia's building materials sector. Reece has been the best performing sector exposure but Ord Minnett now sees the share price as having overshot fundamental value.
This explains the downgrade to Sell from Hold, while the price target improves by $1.50 to $13.50.
Target price is $13.50 Current Price is $16.29 Difference: minus $2.79 (current price is over target).
If REH meets the Ord Minnett target it will return approximately minus 17% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $11.57, suggesting downside of -29.5% (ex-dividends)
Forecast for FY21:
Current consensus EPS estimate is 37.2, implying annual growth of -7.0%. Current consensus DPS estimate is 14.0, implying a prospective dividend yield of 0.9%. Current consensus EPS estimate suggests the PER is 44.1. |
Forecast for FY22:
Current consensus EPS estimate is 39.3, implying annual growth of 5.6%. Current consensus DPS estimate is 20.8, implying a prospective dividend yield of 1.3%. Current consensus EPS estimate suggests the PER is 41.7. |
Market Sentiment: -0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Overnight Price: $121.41
Morgan Stanley rates RIO as Equal-weight (3) -
Renegotiations and disagreements between operators at Oyu Tolgoi and the Mongolian governments have the potential to erode the value of the project for Rio Tinto shareholders, such was the view of the team of analysts in the UK yesterday.
Today, their peers in Australia are elaborating on this matter. Equal-weight rating retained, alongside an Attractive industry view. But the price target seems to have lifted to $116 from $113.50 previously.
Minor adjustments seem to have occurred to forecasts.
Target price is $116.00 Current Price is $121.41 Difference: minus $5.41 (current price is over target).
If RIO meets the Morgan Stanley target it will return approximately minus 4% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $118.00, suggesting downside of -2.5% (ex-dividends)
The company's fiscal year ends in December.
Forecast for FY20:
Morgan Stanley forecasts a full year FY20 dividend of 728.51 cents and EPS of 1074.73 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 912.7, implying annual growth of N/A. Current consensus DPS estimate is 589.6, implying a prospective dividend yield of 4.9%. Current consensus EPS estimate suggests the PER is 13.3. |
Forecast for FY21:
Morgan Stanley forecasts a full year FY21 dividend of 819.39 cents and EPS of 1265.15 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 1087.0, implying annual growth of 19.1%. Current consensus DPS estimate is 735.0, implying a prospective dividend yield of 6.1%. Current consensus EPS estimate suggests the PER is 11.1. |
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
RWC RELIANCE WORLDWIDE CORPORATION LIMITED
Building Products & Services
More Research Tools In Stock Analysis - click HERE
Overnight Price: $3.84
Ord Minnett rates RWC as Accumulate (2) -
Ord Minnett has updated input assumptions and forecasts for Australia's building materials sector. Reliance Worldwide is expected to release a very strong interim performance in February, highlight the analysts.
Price target remains at $4.50 alongside an Accumulate rating.
This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.
Target price is $4.50 Current Price is $3.84 Difference: $0.66
If RWC meets the Ord Minnett target it will return approximately 17% (excluding dividends, fees and charges).
Current consensus price target is $4.41, suggesting upside of 13.9% (ex-dividends)
Forecast for FY21:
Current consensus EPS estimate is 20.7, implying annual growth of 81.6%. Current consensus DPS estimate is 10.1, implying a prospective dividend yield of 2.6%. Current consensus EPS estimate suggests the PER is 18.7. |
Forecast for FY22:
Current consensus EPS estimate is 21.5, implying annual growth of 3.9%. Current consensus DPS estimate is 10.9, implying a prospective dividend yield of 2.8%. Current consensus EPS estimate suggests the PER is 18.0. |
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
UBS rates RWC as Neutral (3) -
In a general update on building materials companies on the ASX, UBS analysts express the view that, unless a rate hike occurs or credit lending restrictions tighten, housing likely has more upside this year.
However, the analysts also point out home builders' ability to meet demand plus further possible stimulus are factors to watch for.
UBS's sector preferences are James Hardie first, followed by Boral, then Brickworks, while CSR, Reliance Worldwide and AdBri are less preferred.
UBS has not changed its $4.20 price target or Neutral rating for Reliance Worldwide.
Target price is $4.20 Current Price is $3.84 Difference: $0.36
If RWC meets the UBS target it will return approximately 9% (excluding dividends, fees and charges).
Current consensus price target is $4.41, suggesting upside of 13.9% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY21:
UBS forecasts a full year FY21 dividend of 12.00 cents and EPS of 20.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 20.7, implying annual growth of 81.6%. Current consensus DPS estimate is 10.1, implying a prospective dividend yield of 2.6%. Current consensus EPS estimate suggests the PER is 18.7. |
Forecast for FY22:
UBS forecasts a full year FY22 dividend of 13.00 cents and EPS of 22.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 21.5, implying annual growth of 3.9%. Current consensus DPS estimate is 10.9, implying a prospective dividend yield of 2.8%. Current consensus EPS estimate suggests the PER is 18.0. |
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Overnight Price: $10.70
UBS rates SUN as Buy (1) -
Marking-to-market for Australian financials and insurers has led to forecast changes across the board, but only two companies saw a change in price target (see elsewhere in today's Report).
Buy rating and $11.15 price target for Suncorp have remained intact amidst small adjustments to forecasts.
Target price is $11.15 Current Price is $10.70 Difference: $0.45
If SUN meets the UBS target it will return approximately 4% (excluding dividends, fees and charges).
Current consensus price target is $10.72, suggesting upside of 0.3% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY21:
UBS forecasts a full year FY21 dividend of 49.70 cents and EPS of 61.20 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 64.5, implying annual growth of -10.3%. Current consensus DPS estimate is 45.8, implying a prospective dividend yield of 4.3%. Current consensus EPS estimate suggests the PER is 16.6. |
Forecast for FY22:
UBS forecasts a full year FY22 dividend of 54.30 cents and EPS of 62.30 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 68.7, implying annual growth of 6.5%. Current consensus DPS estimate is 53.4, implying a prospective dividend yield of 5.0%. Current consensus EPS estimate suggests the PER is 15.6. |
Market Sentiment: 0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
SVW SEVEN GROUP HOLDINGS LIMITED
Diversified Financials
More Research Tools In Stock Analysis - click HERE
Overnight Price: $22.95
Ord Minnett rates SVW as Hold (3) -
Earnings estimates for Seven Group Holdings have increased following Ord Minnett's general sector update on contractors. This has pushed up the share price target to $23 from $19.40.
Hold rating remains unchanged with the analysts explaining most of the increases to forecasts stem from higher oil prices impacting on the outlook for Beach Energy ((BPT)) in which Seven Group owns equity.
This stock is not covered in-house by Ord Minnett. Instead, the broker whitelabels research by JP Morgan.
Target price is $23.00 Current Price is $22.95 Difference: $0.05
If SVW meets the Ord Minnett target it will return approximately 0% (excluding dividends, fees and charges).
Current consensus price target is $24.38, suggesting upside of 6.3% (ex-dividends)
Forecast for FY21:
Current consensus EPS estimate is 129.5, implying annual growth of 280.9%. Current consensus DPS estimate is 42.0, implying a prospective dividend yield of 1.8%. Current consensus EPS estimate suggests the PER is 17.7. |
Forecast for FY22:
Current consensus EPS estimate is 151.0, implying annual growth of 16.6%. Current consensus DPS estimate is 42.0, implying a prospective dividend yield of 1.8%. Current consensus EPS estimate suggests the PER is 15.2. |
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Today's Price Target Changes
Company | Last Price | Broker | New Target | Prev Target | Change | |
ABC | AdBri | $3.27 | Ord Minnett | 3.10 | 3.15 | -1.59% |
UBS | 3.15 | 2.40 | 31.25% | |||
ALU | Altium | $28.37 | Credit Suisse | 35.00 | 42.00 | -16.67% |
Macquarie | 31.00 | 35.00 | -11.43% | |||
ARB | ARB Corp | $32.46 | Credit Suisse | 33.30 | 30.25 | 10.08% |
Macquarie | 33.50 | 29.50 | 13.56% | |||
Ord Minnett | 26.00 | 24.00 | 8.33% | |||
AX1 | Accent Group | $2.38 | Morgan Stanley | 2.60 | 2.00 | 30.00% |
BLD | Boral | $4.95 | Ord Minnett | 4.90 | 4.50 | 8.89% |
CGF | Challenger | $7.00 | UBS | 7.70 | 6.85 | 12.41% |
CIM | Cimic Group | $26.70 | Ord Minnett | 32.00 | N/A | - |
CSR | CSR | $5.22 | Ord Minnett | 5.50 | 5.00 | 10.00% |
GUD | GUD Holdings | $11.12 | Citi | 14.40 | 14.30 | 0.70% |
JHX | James Hardie | $36.86 | Ord Minnett | 42.00 | 40.00 | 5.00% |
LOV | Lovisa Holdings | $10.84 | Citi | 11.45 | 11.90 | -3.78% |
MFG | Magellan Financial Group | $50.14 | UBS | 52.00 | 63.75 | -18.43% |
MND | Monadelphous Group | $14.08 | Ord Minnett | 12.80 | 10.80 | 18.52% |
MPL | Medibank Private | $2.98 | UBS | 3.20 | 2.95 | 8.47% |
NHF | nib Holdings | $5.95 | UBS | 6.15 | 5.85 | 5.13% |
NSR | National Storage | $1.88 | Morgans | 1.89 | 1.83 | 3.28% |
REH | Reece | $16.40 | Ord Minnett | 13.50 | 12.00 | 12.50% |
RIO | Rio Tinto | $121.00 | Morgan Stanley | 116.00 | 113.50 | 2.20% |
SVW | Seven Group | $22.93 | Ord Minnett | 23.00 | 19.40 | 18.56% |
Summaries
ABC | AdBri | Hold - Ord Minnett | Overnight Price $3.23 |
Neutral - UBS | Overnight Price $3.23 | ||
ALU | Altium | Outperform - Credit Suisse | Overnight Price $30.13 |
Neutral - Macquarie | Overnight Price $30.13 | ||
Neutral - UBS | Overnight Price $30.13 | ||
AMP | AMP Ltd | Neutral - UBS | Overnight Price $1.61 |
ARB | ARB Corp | Buy - Citi | Overnight Price $33.47 |
Neutral - Credit Suisse | Overnight Price $33.47 | ||
Neutral - Macquarie | Overnight Price $33.47 | ||
Lighten - Ord Minnett | Overnight Price $33.47 | ||
AX1 | Accent Group | Downgrade to Equal-weight from Overweight - Morgan Stanley | Overnight Price $2.41 |
BAP | Bapcor Limited | Buy - Citi | Overnight Price $7.85 |
BKW | Brickworks | Buy - UBS | Overnight Price $18.95 |
BLD | Boral | Upgrade to Hold from Lighten - Ord Minnett | Overnight Price $4.88 |
Buy - UBS | Overnight Price $4.88 | ||
CGF | Challenger | Buy - UBS | Overnight Price $6.88 |
CIM | Cimic Group | Buy - Ord Minnett | Overnight Price $24.86 |
CSR | CSR | Accumulate - Ord Minnett | Overnight Price $5.19 |
Buy - UBS | Overnight Price $5.19 | ||
GUD | GUD Holdings | Buy - Citi | Overnight Price $10.91 |
IAG | Insurance Australia | Buy - UBS | Overnight Price $5.00 |
JHX | James Hardie | Accumulate - Ord Minnett | Overnight Price $36.17 |
Buy - UBS | Overnight Price $36.17 | ||
LOV | Lovisa Holdings | Neutral - Citi | Overnight Price $11.27 |
MFG | Magellan Financial Group | Neutral - UBS | Overnight Price $49.79 |
MND | Monadelphous Group | Hold - Ord Minnett | Overnight Price $13.79 |
MPL | Medibank Private | Neutral - UBS | Overnight Price $2.99 |
NHF | nib Holdings | Neutral - UBS | Overnight Price $5.81 |
NSR | National Storage | Hold - Morgans | Overnight Price $1.87 |
NVX | Novonix | Downgrade to Hold from Speculative Buy - Morgans | Overnight Price $1.69 |
QBE | QBE Insurance | Neutral - UBS | Overnight Price $8.58 |
REH | Reece | Downgrade to Lighten from Hold - Ord Minnett | Overnight Price $16.29 |
RIO | Rio Tinto | Equal-weight - Morgan Stanley | Overnight Price $121.41 |
RWC | Reliance Worldwide | Accumulate - Ord Minnett | Overnight Price $3.84 |
Neutral - UBS | Overnight Price $3.84 | ||
SUN | Suncorp | Buy - UBS | Overnight Price $10.70 |
SVW | Seven Group | Hold - Ord Minnett | Overnight Price $22.95 |
RATING SUMMARY
Rating | No. Of Recommendations |
1. Buy | 12 |
2. Accumulate | 3 |
3. Hold | 20 |
4. Reduce | 2 |
Wednesday 13 January 2021
Access Broker Call Report Archives here
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 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.
Latest News
1 |
Monthly Listed Investment Trust Report – Oct 202412:00 PM - Australia |
2 |
The Case For Charter Hall11:30 AM - Australia |
3 |
Australian Listed Real Estate Tables – 07-10-202411:00 AM - Weekly Reports |
4 |
Australian Banks: When The End Of The Trend?10:38 AM - Feature Stories |
5 |
Weekly Ratings, Targets, Forecast Changes – 04-10-2410:00 AM - Weekly Reports |