Australian Broker Call
February 21, 2017
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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)
Last Updated: 03:01 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
| BPT - | BEACH ENERGY | Upgrade to Neutral from Sell | Citi |
| BSL - | BLUESCOPE STEEL | Upgrade to Outperform from Neutral | Credit Suisse |
| Downgrade to Hold from Accumulate | Ord Minnett | ||
| BXB - | BRAMBLES | Downgrade to Neutral from Buy | Citi |
| Downgrade to Hold from Buy | Deutsche Bank | ||
| Downgrade to Neutral from Outperform | Macquarie | ||
| Downgrade to Hold from Add | Morgans | ||
| CAB - | CABCHARGE AUSTRALIA | Downgrade to Neutral from Buy | UBS |
| GEM - | G8 EDUCATION | Upgrade to Buy from Accumulate | Ord Minnett |
| GWA - | GWA GROUP | Downgrade to Underperform from Neutral | Macquarie |
| MTR - | MANTRA GROUP | Upgrade to Buy from Neutral | UBS |
| NHF - | NIB HOLDINGS | Upgrade to Neutral from Underperform | Credit Suisse |
| WOR - | WORLEYPARSONS | Upgrade to Hold from Sell | Deutsche Bank |
| Downgrade to Neutral from Outperform | Credit Suisse | ||
| Downgrade to Underperform from Neutral | Macquarie |
Morgans rates AJD as Hold (3) -
First half distributable earnings were in line with guidance. Morgans notes the niche real estate investment trust offers attractive exposure to the data centre space.
The broker retains a Hold rating, given several potential catalysts such as further asset re-ratings, corporate activity and accretive acquisitions. Target is raised to $1.54 from $1.53.
Target price is $1.54 Current Price is $1.52 Difference: $0.025
If AJD meets the Morgans target it will return approximately 2% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY17:
Morgans forecasts a full year FY17 dividend of 9.70 cents and EPS of 10.00 cents. |
Forecast for FY18:
Morgans forecasts a full year FY18 dividend of 9.90 cents and EPS of 10.00 cents. |
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Morgan Stanley rates ARF as Overweight (1) -
First half growth in earnings per share was 11%. Guidance is increased to 10% for FY17. Morgan Stanley assumes growth will normalise at 5-6% beyond FY17, and believes risk is to the upside given the earnings drivers.
Overweight and $2.10 target retained. Industry view: Cautious.
Target price is $2.10 Current Price is $2.09 Difference: $0.01
If ARF meets the Morgan Stanley target it will return approximately 0% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY17:
Morgan Stanley forecasts a full year FY17 dividend of 12.00 cents and EPS of 12.30 cents. |
Forecast for FY18:
Morgan Stanley forecasts a full year FY18 dividend of 12.80 cents and EPS of 13.10 cents. |
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Macquarie rates ASG as Outperform (1) -
The company is to acquire a group of 5 BMW and Mini dealerships in Melbourne for $46m. It adds $235m in revenue to the Melbourne business.
Macquarie expects the acquisition to be EPS accretive in FY18. The deal is expected to settle in the fourth quarter of FY17.
Outperform rating maintained and target rises to $2.97 from $2.83.
Target price is $2.97 Current Price is $2.50 Difference: $0.47
If ASG meets the Macquarie target it will return approximately 19% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY17:
Macquarie forecasts a full year FY17 dividend of 5.30 cents and EPS of 14.00 cents. |
Forecast for FY18:
Macquarie forecasts a full year FY18 dividend of 11.30 cents and EPS of 17.40 cents. |
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
UBS rates ASG as Buy (1) -
The group has entered into an agreement with the In Motion Group and Bundoora Prestige Panels to purchase BMW and Mini dealerships, a panel business and Evolution Financial Services.
The acquisition price is approximately $46m, plus fixed assets at valuation, and will be funded by a mix of cash reserves and new debt facilities and is expected to complete in the final quarter of FY17.
Buy rating and $2.84 target retained.
Target price is $2.84 Current Price is $2.50 Difference: $0.34
If ASG meets the UBS target it will return approximately 14% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY17:
UBS forecasts a full year FY17 dividend of 5.00 cents and EPS of 14.00 cents. |
Forecast for FY18:
UBS forecasts a full year FY18 dividend of 9.00 cents and EPS of 16.00 cents. |
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Morgans rates ASX as Reduce (5) -
First half net profit was in line with forecasts. Morgans remains impressed by the resilience of the business and the efforts to broaden revenue streams.
The broker downgrades FY17-18 forecasts for earnings per share by 1-3%. A Reduce rating is maintained on valuation grounds. Target is lowered to $42.28 from $43.08.
Target price is $42.28 Current Price is $51.27 Difference: minus $8.99 (current price is over target).
If ASX meets the Morgans target it will return approximately minus 18% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $47.86, suggesting downside of -7.0% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Morgans forecasts a full year FY17 dividend of 205.00 cents and EPS of 228.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 227.4, implying annual growth of 3.2%. Current consensus DPS estimate is 203.6, implying a prospective dividend yield of 4.0%. Current consensus EPS estimate suggests the PER is 22.6. |
Forecast for FY18:
Morgans forecasts a full year FY18 dividend of 212.00 cents and EPS of 236.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 236.4, implying annual growth of 4.0%. Current consensus DPS estimate is 210.1, implying a prospective dividend yield of 4.1%. Current consensus EPS estimate suggests the PER is 21.8. |
Market Sentiment: -0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
BAT BATTERY MINERALS LIMITED
Materials
Overnight Price: $0.11
Morgans rates BAT as Initiation of coverage with Add (1) -
Morgans observes Battery Minerals is the first ASX-listed company to complete a pre-feasibility on the production of purified spherical graphite, from its pilot plant in the US.
The broker initiates coverage with a speculative Add rating and 23c target. The broker believes the recent share price decline contradicts the significant progress being made by the company to become a supplier of battery anode material.
Target price is $0.23 Current Price is $0.11 Difference: $0.125
If BAT meets the Morgans target it will return approximately 119% (excluding dividends, fees and charges).
The company's fiscal year ends in December.
Forecast for FY16:
Morgans forecasts a full year FY16 dividend of 0.00 cents and EPS of 0.00 cents. |
Forecast for FY17:
Morgans forecasts a full year FY17 dividend of 0.00 cents and EPS of 0.00 cents. |
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Citi rates BPT as Upgrade to Neutral from Sell (3) -
Citi analysts have upgraded to Neutral/High Risk, inspired by a significant fall in the share price. Price target price gained 9% to $0.80.
The released interim performance proved better-than-expected. The analysts point at the non-recurring tax benefit, as well as the fact management kept FY17 guidance unchanged.
Citi analysts suggest it remains an open question whether management can add shareholder value through M&A, as is its current focus.
Target price is $0.80 Current Price is $0.72 Difference: $0.085
If BPT meets the Citi target it will return approximately 12% (excluding dividends, fees and charges).
Current consensus price target is $0.69, suggesting downside of -5.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Citi forecasts a full year FY17 dividend of 1.60 cents and EPS of 7.90 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 7.5, implying annual growth of N/A. Current consensus DPS estimate is 1.2, implying a prospective dividend yield of 1.7%. Current consensus EPS estimate suggests the PER is 9.7. |
Forecast for FY18:
Citi forecasts a full year FY18 dividend of 1.80 cents and EPS of 9.10 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 8.1, implying annual growth of 8.0%. Current consensus DPS estimate is 1.6, implying a prospective dividend yield of 2.2%. Current consensus EPS estimate suggests the PER is 9.0. |
Market Sentiment: -0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Credit Suisse rates BPT as Outperform (1) -
Beach posted a big tax-related beat on profit but also beat on underlying earnings, leading the broker to upgrade forecasts. Cash generation remains the most impressive aspect, the broker suggests.
The broker sees Beach as a key pick in the space given a strong balance sheet providing for both M&A capacity (the broker would like to see Origin's ((ORG)) upstream spin-off acquired) and ongoing exploration. Outperform and 70c target retained.
Target price is $0.70 Current Price is $0.72 Difference: minus $0.015 (current price is over target).
If BPT meets the Credit Suisse target it will return approximately minus 2% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $0.69, suggesting downside of -5.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Credit Suisse forecasts a full year FY17 dividend of 2.00 cents and EPS of 7.60 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 7.5, implying annual growth of N/A. Current consensus DPS estimate is 1.2, implying a prospective dividend yield of 1.7%. Current consensus EPS estimate suggests the PER is 9.7. |
Forecast for FY18:
Credit Suisse forecasts a full year FY18 dividend of 2.00 cents and EPS of 11.20 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 8.1, implying annual growth of 8.0%. Current consensus DPS estimate is 1.6, implying a prospective dividend yield of 2.2%. Current consensus EPS estimate suggests the PER is 9.0. |
Market Sentiment: -0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Macquarie rates BPT as Underperform (5) -
Underlying net profit was ahead of forecasts in the first half. This was on the back of lower-than-expected tax.
Macquarie believes the company is doing a good job of generating cash from its Western Flank assets. A modest interim dividend was reinstated.
The main negative is the decline in oil production rates from the second half. The broker is positive that management will address reserve growth internally while waiting for value-accretive acquisitions to arrive. Underperform retained. Target is 50c.
Target price is $0.50 Current Price is $0.72 Difference: minus $0.215 (current price is over target).
If BPT meets the Macquarie target it will return approximately minus 30% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $0.69, suggesting downside of -5.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Macquarie forecasts a full year FY17 dividend of 0.50 cents and EPS of 10.20 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 7.5, implying annual growth of N/A. Current consensus DPS estimate is 1.2, implying a prospective dividend yield of 1.7%. Current consensus EPS estimate suggests the PER is 9.7. |
Forecast for FY18:
Macquarie forecasts a full year FY18 dividend of 0.50 cents and EPS of 6.50 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 8.1, implying annual growth of 8.0%. Current consensus DPS estimate is 1.6, implying a prospective dividend yield of 2.2%. Current consensus EPS estimate suggests the PER is 9.0. |
Market Sentiment: -0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Morgan Stanley rates BPT as Equal-weight (3) -
Morgan Stanley expects the company to benefit from further cost reductions. At some point, oil production is expected to start declining quickly unless there is outsized exploration success. M&A could be a strategy but the broker awaits details and execution.
Further afield, the strategy in regards to the cash position will be critical to the investment case, the broker asserts. Morgan Stanley retains an Equal-weight rating and In-Line sector view. Target is raised to 76c from 70c.
Target price is $0.76 Current Price is $0.72 Difference: $0.045
If BPT meets the Morgan Stanley target it will return approximately 6% (excluding dividends, fees and charges).
Current consensus price target is $0.69, suggesting downside of -5.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Morgan Stanley forecasts a full year FY17 dividend of 2.00 cents and EPS of 9.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 7.5, implying annual growth of N/A. Current consensus DPS estimate is 1.2, implying a prospective dividend yield of 1.7%. Current consensus EPS estimate suggests the PER is 9.7. |
Forecast for FY18:
Morgan Stanley forecasts a full year FY18 dividend of 2.00 cents and EPS of 6.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 8.1, implying annual growth of 8.0%. Current consensus DPS estimate is 1.6, implying a prospective dividend yield of 2.2%. Current consensus EPS estimate suggests the PER is 9.0. |
Market Sentiment: -0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Ord Minnett rates BPT as Lighten (4) -
First half results were broadly in line. Ord Minnett was impressed by the free cash flow and expects that reduced hedging and more domestic gas spot sales should increase leverage to underlying commodities.
Regardless of the positive indicators the broker believes the stock is expensive. Lighten retained. Target is raised to 65c from 64c.
Target price is $0.65 Current Price is $0.72 Difference: minus $0.065 (current price is over target).
If BPT meets the Ord Minnett target it will return approximately minus 9% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $0.69, suggesting downside of -5.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Ord Minnett forecasts a full year FY17 dividend of 2.00 cents and EPS of 8.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 7.5, implying annual growth of N/A. Current consensus DPS estimate is 1.2, implying a prospective dividend yield of 1.7%. Current consensus EPS estimate suggests the PER is 9.7. |
Forecast for FY18:
Ord Minnett forecasts a full year FY18 dividend of 2.00 cents and EPS of 8.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 8.1, implying annual growth of 8.0%. Current consensus DPS estimate is 1.6, implying a prospective dividend yield of 2.2%. Current consensus EPS estimate suggests the PER is 9.0. |
Market Sentiment: -0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
UBS rates BPT as Neutral (3) -
Beach Energy's first half results were in line with the broker's estimates. The improvement from the pcp was driven by higher oil prices and lower operating costs.
The broker expects total production to increase in FY17, with increased fluid handling capacity at Bauer and increased output from Middleton. However, beyond FY17 UBS anticipates a rapid decline in Western Flank oil output.
Neutral rating and $0.70 target retained.
Target price is $0.70 Current Price is $0.72 Difference: minus $0.015 (current price is over target).
If BPT 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 $0.69, suggesting downside of -5.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
UBS forecasts a full year FY17 dividend of 0.00 cents and EPS of 7.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 7.5, implying annual growth of N/A. Current consensus DPS estimate is 1.2, implying a prospective dividend yield of 1.7%. Current consensus EPS estimate suggests the PER is 9.7. |
Forecast for FY18:
UBS forecasts a full year FY18 dividend of 1.00 cents and EPS of 8.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 8.1, implying annual growth of 8.0%. Current consensus DPS estimate is 1.6, implying a prospective dividend yield of 2.2%. Current consensus EPS estimate suggests the PER is 9.0. |
Market Sentiment: -0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Citi rates BSL as Buy (1) -
Forget about the financial result, the highlight of the interim report was the announcement by the company 30-50% of free cash flow will be used to reward shareholders either through extra dividends or through share buybacks, exclaim Citi analysts.
There's going to be plenty to salivate about, the analysts suggest. It is Citi's view BlueScope Steel is structurally advantaged to deliver positive shareholder returns through the cycle. Buy rating retained. Price target lifts to $15 (was $13.34).
EPS forecasts have been increased by 18%, 13% and 8% respectively over FY17-FY19.
Target price is $15.00 Current Price is $12.90 Difference: $2.1
If BSL meets the Citi target it will return approximately 16% (excluding dividends, fees and charges).
Current consensus price target is $13.71, suggesting upside of 6.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Citi forecasts a full year FY17 dividend of 9.70 cents and EPS of 121.20 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 122.6, implying annual growth of 97.6%. Current consensus DPS estimate is 8.9, implying a prospective dividend yield of 0.7%. Current consensus EPS estimate suggests the PER is 10.5. |
Forecast for FY18:
Citi forecasts a full year FY18 dividend of 13.90 cents and EPS of 109.40 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 114.5, implying annual growth of -6.6%. Current consensus DPS estimate is 12.1, implying a prospective dividend yield of 0.9%. Current consensus EPS estimate suggests the PER is 11.2. |
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Credit Suisse rates BSL as Upgrade to Outperform from Neutral (1) -
BlueScope's profit was in line with Credit Suisse and the broker notes second half guidance is based on more conservative parameters than current prices suggest. The company has announced 30-50% of free cash flow will be used for a buyback and to maintain steady dividends.
Credit Suisse has increased forecasts to above guidance using the broker's own price assumptions. Target rises to $13.30 from $10.70. Upgrade to Outperform.
Target price is $13.30 Current Price is $12.90 Difference: $0.4
If BSL meets the Credit Suisse target it will return approximately 3% (excluding dividends, fees and charges).
Current consensus price target is $13.71, suggesting upside of 6.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Credit Suisse forecasts a full year FY17 dividend of 8.00 cents and EPS of 116.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 122.6, implying annual growth of 97.6%. Current consensus DPS estimate is 8.9, implying a prospective dividend yield of 0.7%. Current consensus EPS estimate suggests the PER is 10.5. |
Forecast for FY18:
Credit Suisse forecasts a full year FY18 dividend of 11.40 cents and EPS of 129.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 114.5, implying annual growth of -6.6%. Current consensus DPS estimate is 12.1, implying a prospective dividend yield of 0.9%. Current consensus EPS estimate suggests the PER is 11.2. |
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Deutsche Bank rates BSL as Hold (3) -
BlueScope's first half results were below the broker's estimates, largely due to higher than expected interest costs. Management outlined second half FY17 EBIT should be higher than the FY16 EBIT, implying FY17 EBIT of $1,114m.
The company also announced a $150m buy-back and indicated 30% to 50% of free cash flow will be paid out going forward.
Hold rating retained and target rises to $11.73 from $10.13.
Target price is $11.73 Current Price is $12.90 Difference: minus $1.17 (current price is over target).
If BSL meets the Deutsche Bank target it will return approximately minus 9% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $13.71, suggesting upside of 6.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Deutsche Bank forecasts a full year FY17 dividend of 10.00 cents and EPS of 122.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 122.6, implying annual growth of 97.6%. Current consensus DPS estimate is 8.9, implying a prospective dividend yield of 0.7%. Current consensus EPS estimate suggests the PER is 10.5. |
Forecast for FY18:
Deutsche Bank forecasts a full year FY18 dividend of 18.00 cents and EPS of 127.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 114.5, implying annual growth of -6.6%. Current consensus DPS estimate is 12.1, implying a prospective dividend yield of 0.9%. Current consensus EPS estimate suggests the PER is 11.2. |
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Macquarie rates BSL as Outperform (1) -
First half results were in line, given recent guidance. Macquarie continues to envisage a positive investment case, supported by subdued Chinse steel exports and US protectionism.
The broker adjusts FY17 estimates for earnings per share up by 3% and FY18 by 19% to reflect further improvements in operating performance.
Outperform maintained. Target is raised to $14.30 from $12.70.
Target price is $14.30 Current Price is $12.90 Difference: $1.4
If BSL meets the Macquarie target it will return approximately 11% (excluding dividends, fees and charges).
Current consensus price target is $13.71, suggesting upside of 6.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Macquarie forecasts a full year FY17 dividend of 9.00 cents and EPS of 117.90 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 122.6, implying annual growth of 97.6%. Current consensus DPS estimate is 8.9, implying a prospective dividend yield of 0.7%. Current consensus EPS estimate suggests the PER is 10.5. |
Forecast for FY18:
Macquarie forecasts a full year FY18 dividend of 14.00 cents and EPS of 95.30 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 114.5, implying annual growth of -6.6%. Current consensus DPS estimate is 12.1, implying a prospective dividend yield of 0.9%. Current consensus EPS estimate suggests the PER is 11.2. |
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Morgan Stanley rates BSL as Overweight (1) -
Morgan Stanley notes, historically, the company has provided conservative guidance. Management's plans announced with the first half result suggest confidence in the medium-term outlook.
The broker suspects there is scope for upgrades to guidance throughout the second half. The capital management announcement has been delivered earlier than expected, with a $150m buy-back announced.
Overweight. Target rises to $13.65 from $12.96. Industry view: In-line.
Target price is $13.65 Current Price is $12.90 Difference: $0.75
If BSL meets the Morgan Stanley target it will return approximately 6% (excluding dividends, fees and charges).
Current consensus price target is $13.71, suggesting upside of 6.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Morgan Stanley forecasts a full year FY17 dividend of 7.30 cents and EPS of 112.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 122.6, implying annual growth of 97.6%. Current consensus DPS estimate is 8.9, implying a prospective dividend yield of 0.7%. Current consensus EPS estimate suggests the PER is 10.5. |
Forecast for FY18:
Morgan Stanley forecasts a full year FY18 dividend of 6.50 cents and EPS of 100.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 114.5, implying annual growth of -6.6%. Current consensus DPS estimate is 12.1, implying a prospective dividend yield of 0.9%. Current consensus EPS estimate suggests the PER is 11.2. |
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Ord Minnett rates BSL as Downgrade to Hold from Accumulate (3) -
First half results were largely pre-reported Ord Minnett observes and the main issue is capital management and guidance. The company has announced a $150m buy-back and guided towards incrementally better volumes at both its Australian and US steel-making operations.
Ord Minnett suspects earnings are reaching a cyclical peak and, given the stock is also approaching valuation, downgrades to Hold from Accumulate. Target is raised to $13.00 from $12.50.
Target price is $13.00 Current Price is $12.90 Difference: $0.1
If BSL meets the Ord Minnett target it will return approximately 1% (excluding dividends, fees and charges).
Current consensus price target is $13.71, suggesting upside of 6.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Ord Minnett forecasts a full year FY17 dividend of 10.00 cents and EPS of 119.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 122.6, implying annual growth of 97.6%. Current consensus DPS estimate is 8.9, implying a prospective dividend yield of 0.7%. Current consensus EPS estimate suggests the PER is 10.5. |
Forecast for FY18:
Ord Minnett forecasts a full year FY18 dividend of 12.00 cents and EPS of 117.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 114.5, implying annual growth of -6.6%. Current consensus DPS estimate is 12.1, implying a prospective dividend yield of 0.9%. Current consensus EPS estimate suggests the PER is 11.2. |
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
UBS rates BSL as Buy (1) -
BlueScope's first half results were impressive to the broker, despite the guidance provided in January. The company also provided a framework for capital management whereby 30% to 50% of future free cashflow is expected to be returned via dividends and buy-backs.
The company has announced a $150m buy-back. UBS earnings forecasts for FY18 and FY19 increase by 6-9%.
The broker retains a Buy rating and raises the target to $15.00 from $12.90.
Target price is $15.00 Current Price is $12.90 Difference: $2.1
If BSL meets the UBS target it will return approximately 16% (excluding dividends, fees and charges).
Current consensus price target is $13.71, suggesting upside of 6.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
UBS forecasts a full year FY17 dividend of 8.00 cents and EPS of 150.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 122.6, implying annual growth of 97.6%. Current consensus DPS estimate is 8.9, implying a prospective dividend yield of 0.7%. Current consensus EPS estimate suggests the PER is 10.5. |
Forecast for FY18:
UBS forecasts a full year FY18 dividend of 9.00 cents and EPS of 124.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 114.5, implying annual growth of -6.6%. Current consensus DPS estimate is 12.1, implying a prospective dividend yield of 0.9%. Current consensus EPS estimate suggests the PER is 11.2. |
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Citi rates BXB as Downgrade to Neutral from Buy (3) -
As it turned out, Brambles' interim result was even weaker than what was suggested at the time of the sudden profit warning in January. Plus management has now abandoned medium term financial targets.
At least the dividend was in line with expectations, Citi analysts observe. Disappointing is the term that sums it all up in Citi's initial response. The analysts already had been taken by surprise in January.
Downgrade to Neutral from Buy. Target price falls to $10.15 from $12.33. It has become clear, suggest the analysts, competition in the US is having a much larger impact than previously anticipated.
Target price is $10.15 Current Price is $9.28 Difference: $0.87
If BXB meets the Citi target it will return approximately 9% (excluding dividends, fees and charges).
Current consensus price target is $9.93, suggesting upside of 6.2% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Citi forecasts a full year FY17 dividend of 29.57 cents and EPS of 48.75 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 53.6, implying annual growth of N/A. Current consensus DPS estimate is 30.0, implying a prospective dividend yield of 3.2%. Current consensus EPS estimate suggests the PER is 17.5. |
Forecast for FY18:
Citi forecasts a full year FY18 dividend of 29.84 cents and EPS of 51.96 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 55.9, implying annual growth of 4.3%. Current consensus DPS estimate is 32.0, implying a prospective dividend yield of 3.4%. Current consensus EPS estimate suggests the PER is 16.7. |
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Credit Suisse rates BXB as Underperform (5) -
Using hook nails has not, it appears, increased the durability of Brambles' pallets. Softwood block pallets are also less durable. This about sums up Brambles' problems in the US which saw management's previous FY19 return on invested capital target of 20% discarded at the company's result.
The broker can see ROIC reaching 18% in the next few years but if only 16% is achieved, the broker sees a $6 share price. Underperform retained. Target falls to $8.50 from $9.00.
Target price is $8.50 Current Price is $9.28 Difference: minus $0.78 (current price is over target).
If BXB meets the Credit Suisse target it will return approximately minus 8% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $9.93, suggesting upside of 6.2% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Credit Suisse forecasts a full year FY17 dividend of 38.63 cents and EPS of 49.55 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 53.6, implying annual growth of N/A. Current consensus DPS estimate is 30.0, implying a prospective dividend yield of 3.2%. Current consensus EPS estimate suggests the PER is 17.5. |
Forecast for FY18:
Credit Suisse forecasts a full year FY18 dividend of 38.64 cents and EPS of 54.49 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 55.9, implying annual growth of 4.3%. Current consensus DPS estimate is 32.0, implying a prospective dividend yield of 3.4%. Current consensus EPS estimate suggests the PER is 16.7. |
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Deutsche Bank rates BXB as Downgrade to Hold from Buy (3) -
Brambles' first half results were in line with broker's forecasts. The company has removed its 2019 target of 20% ROCI and has indicated the current return levels of 16% strike the right balance between returns and growth.
The business in the Americas appears to be facing increased competition, and Deutsche Bank does not know if these issues are temporary or structural.
Deutsche Bank downgrades the stock to Hold from Buy and lowers the target price to $10.45 from $13.20.
Target price is $10.45 Current Price is $9.28 Difference: $1.17
If BXB meets the Deutsche Bank target it will return approximately 13% (excluding dividends, fees and charges).
Current consensus price target is $9.93, suggesting upside of 6.2% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Deutsche Bank forecasts a full year FY17 dividend of 27.97 cents and EPS of 53.28 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 53.6, implying annual growth of N/A. Current consensus DPS estimate is 30.0, implying a prospective dividend yield of 3.2%. Current consensus EPS estimate suggests the PER is 17.5. |
Forecast for FY18:
Deutsche Bank forecasts a full year FY18 dividend of 27.97 cents and EPS of 53.28 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 55.9, implying annual growth of 4.3%. Current consensus DPS estimate is 32.0, implying a prospective dividend yield of 3.4%. Current consensus EPS estimate suggests the PER is 16.7. |
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Macquarie rates BXB as Downgrade to Neutral from Outperform (3) -
First half results were in line with the profit warning in January. The company has guided to FY17 constant currency underlying profit to be in line with FY16.
The company has also withdrawn its FY19 returns target of 20%, as Macquarie suspected.
The broker now only expects modest 3% growth in FY18 and downgrades to Neutral from Outperform. Target is reduced to $10.25 from $12.65.
Target price is $10.25 Current Price is $9.28 Difference: $0.97
If BXB meets the Macquarie target it will return approximately 10% (excluding dividends, fees and charges).
Current consensus price target is $9.93, suggesting upside of 6.2% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Macquarie forecasts a full year FY17 dividend of 20.65 cents and EPS of 51.29 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 53.6, implying annual growth of N/A. Current consensus DPS estimate is 30.0, implying a prospective dividend yield of 3.2%. Current consensus EPS estimate suggests the PER is 17.5. |
Forecast for FY18:
Macquarie forecasts a full year FY18 dividend of 29.18 cents and EPS of 54.22 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 55.9, implying annual growth of 4.3%. Current consensus DPS estimate is 32.0, implying a prospective dividend yield of 3.4%. Current consensus EPS estimate suggests the PER is 16.7. |
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Morgan Stanley rates BXB as Equal-weight (3) -
Morgan Stanley observes elevated competition has marred the outlook. To defend market share management is expected to further invest in margin, meaning downside to earnings per share and returns on invested capital.
This raises questions for the broker regarding earnings growth in the core US business and also around the strength of the company's value proposition.
The broker retains an Equal-weight rating. Target falls to $9.85 from $11.34. Industry view: Attractive.
Target price is $9.85 Current Price is $9.28 Difference: $0.57
If BXB meets the Morgan Stanley target it will return approximately 6% (excluding dividends, fees and charges).
Current consensus price target is $9.93, suggesting upside of 6.2% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Morgan Stanley forecasts a full year FY17 dividend of 35.31 cents and EPS of 53.29 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 53.6, implying annual growth of N/A. Current consensus DPS estimate is 30.0, implying a prospective dividend yield of 3.2%. Current consensus EPS estimate suggests the PER is 17.5. |
Forecast for FY18:
Morgan Stanley forecasts a full year FY18 dividend of 42.50 cents and EPS of 57.29 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 55.9, implying annual growth of 4.3%. Current consensus DPS estimate is 32.0, implying a prospective dividend yield of 3.4%. Current consensus EPS estimate suggests the PER is 16.7. |
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Morgans rates BXB as Downgrade to Hold from Add (3) -
First half results were weaker than expected but the outlook for FY17 disappointed Morgans even more so.
While the broker believes the long-term fundamentals are sound the results suggest that structural problems will take longer to be addressed than previously expected.
Morgans downgrades to Hold from Add. Target is reduced to $9.72 from $11.61.
Target price is $9.72 Current Price is $9.28 Difference: $0.44
If BXB meets the Morgans target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is $9.93, suggesting upside of 6.2% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Morgans forecasts a full year FY17 dividend of 29.31 cents and EPS of 50.62 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 53.6, implying annual growth of N/A. Current consensus DPS estimate is 30.0, implying a prospective dividend yield of 3.2%. Current consensus EPS estimate suggests the PER is 17.5. |
Forecast for FY18:
Morgans forecasts a full year FY18 dividend of 29.31 cents and EPS of 54.62 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 55.9, implying annual growth of 4.3%. Current consensus DPS estimate is 32.0, implying a prospective dividend yield of 3.4%. Current consensus EPS estimate suggests the PER is 16.7. |
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
UBS rates BXB as Buy (1) -
Brambles' first half results were broadly in line with the broker's estimates. Excluding a -7% drop in the Americas, the group achieved 10% growth. The poor Americas result was largely blamed on competitive pressures in the US from its pooling competitors and a drop in white wood pricing.
UBS has reduced FY17 forecasts by -2%, bringing it in line with revised guidance. FY18 and FY19 forecasts are reduced by -6-7%, reflecting lower growth in US pallets.
Buy retained and target drops to $10.60 from $11.60.
Target price is $10.60 Current Price is $9.28 Difference: $1.32
If BXB meets the UBS target it will return approximately 14% (excluding dividends, fees and charges).
Current consensus price target is $9.93, suggesting upside of 6.2% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
UBS forecasts a full year FY17 dividend of 37.30 cents and EPS of 70.60 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 53.6, implying annual growth of N/A. Current consensus DPS estimate is 30.0, implying a prospective dividend yield of 3.2%. Current consensus EPS estimate suggests the PER is 17.5. |
Forecast for FY18:
UBS forecasts a full year FY18 dividend of 41.30 cents and EPS of 74.61 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 55.9, implying annual growth of 4.3%. Current consensus DPS estimate is 32.0, implying a prospective dividend yield of 3.4%. Current consensus EPS estimate suggests the PER is 16.7. |
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
UBS rates CAB as Downgrade to Neutral from Buy (3) -
UBS has downgraded Cabcharge to Neutral from Buy. Uber's momentum in Australia is stronger than the broker expected, and whilst Cabcharge is fairing better than peers it is yet to really drive its technology strategy.
The company's new driver terminal product could potentially win back share from traditional competitiors and provide some upside. Price target is reduced to $3.95 from $4.00.
Target price is $3.95 Current Price is $3.56 Difference: $0.39
If CAB meets the UBS target it will return approximately 11% (excluding dividends, fees and charges).
Current consensus price target is $3.59, suggesting downside of -3.9% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
UBS forecasts a full year FY17 dividend of 15.00 cents and EPS of 29.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 30.5, implying annual growth of 43.2%. Current consensus DPS estimate is 16.5, implying a prospective dividend yield of 4.4%. Current consensus EPS estimate suggests the PER is 12.2. |
Forecast for FY18:
UBS forecasts a full year FY18 dividend of 15.00 cents and EPS of 21.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 25.2, implying annual growth of -17.4%. Current consensus DPS estimate is 14.1, implying a prospective dividend yield of 3.8%. Current consensus EPS estimate suggests the PER is 14.8. |
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Citi rates CQR as Neutral (3) -
Citi spotted an in-line result, while management kept guidance intact. In response to questions, management reportedly stated there had been no engagement with Shopping Centres Australasia ((SCP)).
The stock is seen as trading in line with fair valuation. Target remains $4.29. Citi expects management will maintain discipline in redeploying proceeds from asset recycling. Neutral.
Target price is $4.29 Current Price is $4.29 Difference: $0
If CQR meets the Citi target it will return approximately 0% (excluding dividends, fees and charges).
Current consensus price target is $4.19, suggesting downside of -3.2% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Citi forecasts a full year FY17 dividend of 28.20 cents and EPS of 30.40 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 35.0, implying annual growth of -23.3%. Current consensus DPS estimate is 28.4, implying a prospective dividend yield of 6.6%. Current consensus EPS estimate suggests the PER is 12.4. |
Forecast for FY18:
Citi forecasts a full year FY18 dividend of 28.50 cents and EPS of 31.70 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 31.4, implying annual growth of -10.3%. Current consensus DPS estimate is 29.1, implying a prospective dividend yield of 6.7%. Current consensus EPS estimate suggests the PER is 13.8. |
Market Sentiment: -0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Macquarie rates CQR as Neutral (3) -
First half free funds from operations of 15.2c were slightly below expectations.
Macquarie finds it curious that the company is guiding to a flat outcome for earnings in FY17, given positive drivers have been identified which should lead to growth.
The broker remains cautious and retains a Neutral rating. Target is $4.27.
Target price is $4.27 Current Price is $4.29 Difference: minus $0.02 (current price is over target).
If CQR meets the Macquarie target it will return approximately minus 0% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $4.19, suggesting downside of -3.2% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Macquarie forecasts a full year FY17 dividend of 28.70 cents and EPS of 29.50 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 35.0, implying annual growth of -23.3%. Current consensus DPS estimate is 28.4, implying a prospective dividend yield of 6.6%. Current consensus EPS estimate suggests the PER is 12.4. |
Forecast for FY18:
Macquarie forecasts a full year FY18 dividend of 29.60 cents and EPS of 30.20 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 31.4, implying annual growth of -10.3%. Current consensus DPS estimate is 29.1, implying a prospective dividend yield of 6.7%. Current consensus EPS estimate suggests the PER is 13.8. |
Market Sentiment: -0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Morgan Stanley rates CQR as Underweight (5) -
First half operating earnings were in line with expectations. The mention of capital management initiatives has deflected attention from unchanged FY17 guidance, at 30.4c per security and in line with FY16, which missed Morgan Stanley's expectations.
The lower-than-expected guidance may be partly stemming from confusion about acquisitions and capital redeployment, the broker suggests.
Target is $3.90. Underweight. Sector view: Cautious.
Target price is $3.90 Current Price is $4.29 Difference: minus $0.39 (current price is over target).
If CQR meets the Morgan Stanley target it will return approximately minus 9% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $4.19, suggesting downside of -3.2% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Morgan Stanley forecasts a full year FY17 dividend of 28.10 cents and EPS of 29.50 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 35.0, implying annual growth of -23.3%. Current consensus DPS estimate is 28.4, implying a prospective dividend yield of 6.6%. Current consensus EPS estimate suggests the PER is 12.4. |
Forecast for FY18:
Morgan Stanley forecasts a full year FY18 dividend of 29.20 cents and EPS of 30.60 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 31.4, implying annual growth of -10.3%. Current consensus DPS estimate is 29.1, implying a prospective dividend yield of 6.7%. Current consensus EPS estimate suggests the PER is 13.8. |
Market Sentiment: -0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Ord Minnett rates CQR as Hold (3) -
First half earnings were in line with expectations. Ord Minnett notes the flat FY17 guidance of 30.4c per security.
The broker observes, while the selling of assets is not a problem, re-deploying the proceeds mounts a more challenging proposition.
The Hold rating is maintained. Target is $4.20.
Target price is $4.20 Current Price is $4.29 Difference: minus $0.09 (current price is over target).
If CQR meets the Ord Minnett target it will return approximately minus 2% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $4.19, suggesting downside of -3.2% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Ord Minnett forecasts a full year FY17 dividend of 28.00 cents and EPS of 59.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 35.0, implying annual growth of -23.3%. Current consensus DPS estimate is 28.4, implying a prospective dividend yield of 6.6%. Current consensus EPS estimate suggests the PER is 12.4. |
Forecast for FY18:
Ord Minnett forecasts a full year FY18 dividend of 29.00 cents and EPS of 32.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 31.4, implying annual growth of -10.3%. Current consensus DPS estimate is 29.1, implying a prospective dividend yield of 6.7%. Current consensus EPS estimate suggests the PER is 13.8. |
Market Sentiment: -0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
UBS rates CQR as Neutral (3) -
First half results were in line with UBS estimates. Sales results were mixed, but there are signs supermarket sales are recovering, with both Coles ((WES)) and Woolworths ((WOW)) contributing.
The company has announced a buy-back or return of equity where sales proceeds cannot be reinvested in a timely manner. At present, management sees a scarcity of stock to redeploy into growth/metro locations.
Guidance was reaffirmed of 30.4c EPS and a 90-95% payout ratio. Neutral retained and target is raised to $4.50 from $4.47.
Target price is $4.50 Current Price is $4.29 Difference: $0.21
If CQR meets the UBS target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is $4.19, suggesting downside of -3.2% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
UBS forecasts a full year FY17 dividend of 28.40 cents and EPS of 30.70 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 35.0, implying annual growth of -23.3%. Current consensus DPS estimate is 28.4, implying a prospective dividend yield of 6.6%. Current consensus EPS estimate suggests the PER is 12.4. |
Forecast for FY18:
UBS forecasts a full year FY18 dividend of 29.40 cents and EPS of 31.80 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 31.4, implying annual growth of -10.3%. Current consensus DPS estimate is 29.1, implying a prospective dividend yield of 6.7%. Current consensus EPS estimate suggests the PER is 13.8. |
Market Sentiment: -0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Macquarie rates CSV as Neutral (3) -
CSG's first half results were below expectations of the broker. The revenue miss was attributed to a longer than expected sales cycle in Enterprise and reduced sales productivity in business solutions.
The company has downgraded FY17 guidance, and now expects revenue of $250m to $275m and underlying EBITDA of $30m to $36m. Macquarie has cut FY17 forecasts by -23% and FY18 by -15.8%.
Neutral retained, target falls to 45c from $1.00.
Target price is $0.45 Current Price is $0.46 Difference: minus $0.01 (current price is over target).
If CSV meets the Macquarie target it will return approximately minus 2% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $0.50, suggesting upside of 9.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Macquarie forecasts a full year FY17 dividend of 0.00 cents and EPS of 5.90 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 6.7, implying annual growth of 15.5%. Current consensus DPS estimate is 3.0, implying a prospective dividend yield of 6.6%. Current consensus EPS estimate suggests the PER is 6.7. |
Forecast for FY18:
Macquarie forecasts a full year FY18 dividend of 2.00 cents and EPS of 6.90 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 7.3, implying annual growth of 9.0%. Current consensus DPS estimate is 1.0, implying a prospective dividend yield of 2.2%. Current consensus EPS estimate suggests the PER is 6.2. |
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Citi rates EVN as Buy (1) -
Commodities analysts at Citi have turned bullish on the multi-year outlook for copper, which they now believe should be in a sustainable uptrend, carried by global market deficits.
Revised price forecasts have an impact on profit estimates for copper producers. Buy. Target price lifts to $2.80 (was $2.75).
Target price is $2.80 Current Price is $2.35 Difference: $0.45
If EVN meets the Citi target it will return approximately 19% (excluding dividends, fees and charges).
Current consensus price target is $2.55, suggesting upside of 11.7% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Citi forecasts a full year FY17 dividend of 4.00 cents and EPS of 16.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 17.2, implying annual growth of N/A. Current consensus DPS estimate is 3.9, implying a prospective dividend yield of 1.7%. Current consensus EPS estimate suggests the PER is 13.3. |
Forecast for FY18:
Citi forecasts a full year FY18 dividend of 4.00 cents and EPS of 19.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 23.3, implying annual growth of 35.5%. Current consensus DPS estimate is 4.3, implying a prospective dividend yield of 1.9%. Current consensus EPS estimate suggests the PER is 9.8. |
Market Sentiment: 0.9
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Ord Minnett rates EVT as Buy (1) -
Ord Minnett described the first half result as "terrible". The issues should pass in the next 6-12 months and the shock of a -21% fall in net profit has created a buying opportunity for investors willing to look past this, says the stockbroker.
While resurgent cinema competition is expected to mean the company lags market growth, it is rolling out 56 more screens by the end of FY19, which the broker expects will create a strong long-term driver.
Hotels are under-earning and Ord Minnett believes refurbishments will provide improving returns over the medium term. Buy rating retained. Target falls to $15.69 from $16.25.
Target price is $15.69 Current Price is $12.10 Difference: $3.59
If EVT meets the Ord Minnett target it will return approximately 30% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY17:
Ord Minnett forecasts a full year FY17 dividend of 50.00 cents and EPS of 72.60 cents. |
Forecast for FY18:
Ord Minnett forecasts a full year FY18 dividend of 54.00 cents and EPS of 77.20 cents. |
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Citi rates FLT as Neutral (3) -
Flight Centre is scheduled to report on Feb 23 and Citi analysts will be looking for any signs of operational stability. In terms of financial numbers, a net profit of $105m is expected, at the bottom of guidance and -28% lower than the prior corresponding period.
The analysts also anticipate contributions from UK and US are expected to be volatile given the impact of Brexit and the US Federal election respectively. They acknowledge this stock now carries elevated levels of risk. Neutral. Target $32.
Target price is $32.00 Current Price is $30.36 Difference: $1.64
If FLT meets the Citi target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is $32.15, suggesting upside of 6.3% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Citi forecasts a full year FY17 dividend of 129.20 cents and EPS of 215.40 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 227.2, implying annual growth of -6.3%. Current consensus DPS estimate is 137.1, implying a prospective dividend yield of 4.5%. Current consensus EPS estimate suggests the PER is 13.3. |
Forecast for FY18:
Citi forecasts a full year FY18 dividend of 136.30 cents and EPS of 227.20 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 236.5, implying annual growth of 4.1%. Current consensus DPS estimate is 144.1, implying a prospective dividend yield of 4.8%. Current consensus EPS estimate suggests the PER is 12.8. |
Market Sentiment: -0.1
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Macquarie rates FMG as Outperform (1) -
Macquarie expects a strong first half result. The broker notes the company has been stepping up its dividend pay-out ratio recently and the interim may be a positive surprise, given gearing is now down to 30%.
Outperform rating and $7.60 target retained.
Target price is $7.60 Current Price is $7.17 Difference: $0.43
If FMG meets the Macquarie target it will return approximately 6% (excluding dividends, fees and charges).
Current consensus price target is $6.63, suggesting downside of -5.6% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Macquarie forecasts a full year FY17 dividend of 44.23 cents and EPS of 86.19 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 93.8, implying annual growth of N/A. Current consensus DPS estimate is 40.4, implying a prospective dividend yield of 5.8%. Current consensus EPS estimate suggests the PER is 7.5. |
Forecast for FY18:
Macquarie forecasts a full year FY18 dividend of 16.60 cents and EPS of 26.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 53.8, implying annual growth of -42.6%. Current consensus DPS estimate is 26.2, implying a prospective dividend yield of 3.7%. Current consensus EPS estimate suggests the PER is 13.0. |
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
Deutsche Bank rates GEM as Buy (1) -
G8 Education's 2016 results were broadly in line with the broker's forecasts. The company has announced a $213m share placement to a subsidiary of China First capital Group, giving it 12.45% stake in the company.
Proceeds will be used to assist in funding $200m of committed acquisitions over the next two years, and $90m debt reduction. Deutsche Bank has increased CY17 to CY19 earnings estimates by 2%, 11% and 13% respectively to reflect the promised acquisitions.
Buy rating retained and target raised to $4.20 from $3.80.
Target price is $4.20 Current Price is $3.76 Difference: $0.44
If GEM meets the Deutsche Bank target it will return approximately 12% (excluding dividends, fees and charges).
Current consensus price target is $4.05, suggesting upside of 5.2% (ex-dividends)
The company's fiscal year ends in December.
Forecast for FY17:
Deutsche Bank forecasts a full year FY17 dividend of 24.00 cents and EPS of 26.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 26.4, implying annual growth of N/A. Current consensus DPS estimate is 22.1, implying a prospective dividend yield of 5.7%. Current consensus EPS estimate suggests the PER is 14.6. |
Forecast for FY18:
Deutsche Bank forecasts a full year FY18 dividend of 24.00 cents and EPS of 31.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 29.0, implying annual growth of 9.8%. Current consensus DPS estimate is 22.6, implying a prospective dividend yield of 5.9%. Current consensus EPS estimate suggests the PER is 13.3. |
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Macquarie rates GEM as Neutral (3) -
2016 results were broadly in line with expectations. Macquarie expects the share placement to alleviate pressure on the balance sheet and fund acquisitions.
While multiples are undemanding the broker would prefer to await delivery on key performance indicators and further details on acquisitions. Neutral retained. Target rises to $3.87 from $3.40.
Target price is $3.87 Current Price is $3.76 Difference: $0.11
If GEM meets the Macquarie target it will return approximately 3% (excluding dividends, fees and charges).
Current consensus price target is $4.05, suggesting upside of 5.2% (ex-dividends)
The company's fiscal year ends in December.
Forecast for FY17:
Macquarie forecasts a full year FY17 dividend of 17.20 cents and EPS of 26.20 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 26.4, implying annual growth of N/A. Current consensus DPS estimate is 22.1, implying a prospective dividend yield of 5.7%. Current consensus EPS estimate suggests the PER is 14.6. |
Forecast for FY18:
Macquarie forecasts a full year FY18 dividend of 19.20 cents and EPS of 29.50 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 29.0, implying annual growth of 9.8%. Current consensus DPS estimate is 22.6, implying a prospective dividend yield of 5.9%. Current consensus EPS estimate suggests the PER is 13.3. |
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Ord Minnett rates GEM as Upgrade to Buy from Accumulate (1) -
2016 EBIT was up 11% and in line with expectations. The main news is the $212m investment from China First Capital. Ord Minnett considers this a positive as it provides financial flexibility to pursue growth options.
Forecasts, while upgraded, sit below management's FY19 target for earnings per share of 40c (Ords: 31.2c). Rating is upgraded to Buy from Accumulate. Target is raised to $4.11 from $3.78.
Target price is $4.11 Current Price is $3.76 Difference: $0.35
If GEM meets the Ord Minnett target it will return approximately 9% (excluding dividends, fees and charges).
Current consensus price target is $4.05, suggesting upside of 5.2% (ex-dividends)
The company's fiscal year ends in December.
Forecast for FY17:
Ord Minnett forecasts a full year FY17 dividend of 23.00 cents and EPS of 27.30 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 26.4, implying annual growth of N/A. Current consensus DPS estimate is 22.1, implying a prospective dividend yield of 5.7%. Current consensus EPS estimate suggests the PER is 14.6. |
Forecast for FY18:
Ord Minnett forecasts a full year FY18 dividend of 24.00 cents and EPS of 28.40 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 29.0, implying annual growth of 9.8%. Current consensus DPS estimate is 22.6, implying a prospective dividend yield of 5.9%. Current consensus EPS estimate suggests the PER is 13.3. |
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
UBS rates GEM as Buy (1) -
G8 Education's 2016 results were in line with the broker's expectations. Deteriorating occupancy was a key concern for UBS, highlighting capacity challenges for the industry.
The company has announced it has entered into a binding term sheet with China First Capital Group for a $212.8m placement of shares.
The broker has made adjustments to EPS estimates, cutting FY17 by -6% and FY18 by -5%.
UBS maintains a Buy rating and the target is raised to $4.00 from $3.75.
Target price is $4.00 Current Price is $3.76 Difference: $0.24
If GEM meets the UBS target it will return approximately 6% (excluding dividends, fees and charges).
Current consensus price target is $4.05, suggesting upside of 5.2% (ex-dividends)
The company's fiscal year ends in December.
Forecast for FY17:
UBS forecasts a full year FY17 dividend of 24.00 cents and EPS of 26.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 26.4, implying annual growth of N/A. Current consensus DPS estimate is 22.1, implying a prospective dividend yield of 5.7%. Current consensus EPS estimate suggests the PER is 14.6. |
Forecast for FY18:
UBS forecasts a full year FY18 dividend of 23.00 cents and EPS of 27.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 29.0, implying annual growth of 9.8%. Current consensus DPS estimate is 22.6, implying a prospective dividend yield of 5.9%. Current consensus EPS estimate suggests the PER is 13.3. |
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Macquarie rates GHC as Neutral (3) -
First half results were in line with the broker's expectations. FY17 guidance was upgraded by3%, reflecting the inclusion of the Epping debt transaction, sale of the Bendigo asset and higher cost of debt.
The broker has lowered FY17 forecast by -2.8% and raised FY18 forecast by 7.4%.
Neutral rating maintained and target rises to $1.91 from $1.90.
Target price is $1.91 Current Price is $1.90 Difference: $0.015
If GHC meets the Macquarie target it will return approximately 1% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY17:
Macquarie forecasts a full year FY17 dividend of 9.00 cents and EPS of 9.60 cents. |
Forecast for FY18:
Macquarie forecasts a full year FY18 dividend of 9.40 cents and EPS of 11.40 cents. |
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Morgans rates GHC as Hold (3) -
First half results were in line with expectations. Morgans finds the portfolio metrics solid, supported by long weighted average lease expiry of around 12 years.
Project pipeline is on track and on budget and should contribute to earnings in FY18. The broker retains a Hold rating and raises the target to $2.04 from $2.02.
Target price is $2.04 Current Price is $1.90 Difference: $0.145
If GHC meets the Morgans target it will return approximately 8% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY17:
Morgans forecasts a full year FY17 dividend of 9.00 cents and EPS of 10.30 cents. |
Forecast for FY18:
Morgans forecasts a full year FY18 dividend of 9.30 cents and EPS of 10.60 cents. |
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Citi rates GWA as Sell (5) -
Citi comments management is focusing on the core Bathroom and Kitchen operations, but challenges loom as the analysts see minimal growth on the horizon.
2H18 and FY19 in particular are seen as tough challenges. Sell rating retained. Target price drops to $2.40 from $2.51. With Bathrooms & Kitchens now responsible for 95% of group EBIT, the strategy cannot falter, suggest the analysts.
Target price is $2.40 Current Price is $2.75 Difference: minus $0.35 (current price is over target).
If GWA meets the Citi target it will return approximately minus 13% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $2.59, suggesting downside of -5.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Citi forecasts a full year FY17 dividend of 15.50 cents and EPS of 19.90 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 19.6, implying annual growth of -0.3%. Current consensus DPS estimate is 15.6, implying a prospective dividend yield of 5.7%. Current consensus EPS estimate suggests the PER is 14.0. |
Forecast for FY18:
Citi forecasts a full year FY18 dividend of 14.50 cents and EPS of 18.50 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 18.9, implying annual growth of -3.6%. Current consensus DPS estimate is 15.2, implying a prospective dividend yield of 5.5%. Current consensus EPS estimate suggests the PER is 14.5. |
Market Sentiment: -0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Deutsche Bank rates GWA as Hold (3) -
First half results were below the broker's expectations, largely due to a poor return from doors and access systems. Management indicated that the second half would be equal to or slightly ahead of the first half.
GWA expects $13m to $15m in cost reductions to be achieved in FY17, with 50% of this being reinvested in growth initiatives.
A Hold rating is retained and target falls to $2.68 from $2.80.
Target price is $2.68 Current Price is $2.75 Difference: minus $0.07 (current price is over target).
If GWA meets the Deutsche Bank target it will return approximately minus 3% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $2.59, suggesting downside of -5.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Deutsche Bank forecasts a full year FY17 dividend of 15.00 cents and EPS of 19.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 19.6, implying annual growth of -0.3%. Current consensus DPS estimate is 15.6, implying a prospective dividend yield of 5.7%. Current consensus EPS estimate suggests the PER is 14.0. |
Forecast for FY18:
Deutsche Bank forecasts a full year FY18 dividend of 14.00 cents and EPS of 18.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 18.9, implying annual growth of -3.6%. Current consensus DPS estimate is 15.2, implying a prospective dividend yield of 5.5%. Current consensus EPS estimate suggests the PER is 14.5. |
Market Sentiment: -0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Macquarie rates GWA as Downgrade to Underperform from Neutral (5) -
GWA's first half results were broadly in line with the broker expectations. No specific guidance was provided, but based on current market conditions, second half earnings are expected to match or slightly beat the first half.
Macquarie has raised FY17 forecast by 0.3% but lowered FY18 forecast by -4.8%.
The stock has been downgraded to Underperform from Neutral and the target price reduced to $2.60 from $2.72.
Target price is $2.60 Current Price is $2.75 Difference: minus $0.15 (current price is over target).
If GWA meets the Macquarie target it will return approximately minus 5% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $2.59, suggesting downside of -5.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Macquarie forecasts a full year FY17 dividend of 16.00 cents and EPS of 19.10 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 19.6, implying annual growth of -0.3%. Current consensus DPS estimate is 15.6, implying a prospective dividend yield of 5.7%. Current consensus EPS estimate suggests the PER is 14.0. |
Forecast for FY18:
Macquarie forecasts a full year FY18 dividend of 16.50 cents and EPS of 19.80 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 18.9, implying annual growth of -3.6%. Current consensus DPS estimate is 15.2, implying a prospective dividend yield of 5.5%. Current consensus EPS estimate suggests the PER is 14.5. |
Market Sentiment: -0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Morgans rates GWA as Hold (3) -
First half earnings were broadly in line with expectations. Morgans expects subdued economic conditions and a slowdown in building activity will affect medium-term earnings growth.
Hold rating retained. Target slips to $2.56 from $2.57.
Target price is $2.56 Current Price is $2.75 Difference: minus $0.19 (current price is over target).
If GWA meets the Morgans target it will return approximately minus 7% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $2.59, suggesting downside of -5.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Morgans forecasts a full year FY17 dividend of 16.00 cents and EPS of 20.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 19.6, implying annual growth of -0.3%. Current consensus DPS estimate is 15.6, implying a prospective dividend yield of 5.7%. Current consensus EPS estimate suggests the PER is 14.0. |
Forecast for FY18:
Morgans forecasts a full year FY18 dividend of 15.00 cents and EPS of 19.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 18.9, implying annual growth of -3.6%. Current consensus DPS estimate is 15.2, implying a prospective dividend yield of 5.5%. Current consensus EPS estimate suggests the PER is 14.5. |
Market Sentiment: -0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
UBS rates GWA as Sell (5) -
First half results were slightly ahead of UBS expectations. Bathroom and kitchens continues to account for the bulk of sales, while doors and access systems fell heavily. Corporate costs fell to $6.7m from $8m in the pcp.
GWA expects second half earnings to be slightly ahead of the first half, implying FY17 EBIT of $78m to $79m.
Sell rating retained and target raised to $2.40 from $2.37.
Target price is $2.40 Current Price is $2.75 Difference: minus $0.35 (current price is over target).
If GWA meets the UBS target it will return approximately minus 13% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $2.59, suggesting downside of -5.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
UBS forecasts a full year FY17 dividend of 16.00 cents and EPS of 19.70 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 19.6, implying annual growth of -0.3%. Current consensus DPS estimate is 15.6, implying a prospective dividend yield of 5.7%. Current consensus EPS estimate suggests the PER is 14.0. |
Forecast for FY18:
UBS forecasts a full year FY18 dividend of 16.00 cents and EPS of 19.10 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 18.9, implying annual growth of -3.6%. Current consensus DPS estimate is 15.2, implying a prospective dividend yield of 5.5%. Current consensus EPS estimate suggests the PER is 14.5. |
Market Sentiment: -0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Macquarie rates IDR as Neutral (3) -
First half results were slightly better than the broker had expected. Management reaffirmed FY17 guidance for 17.9-18.1cps.
Macquarie has raised FY17 forecasts by 1.6%, reflecting stronger underlying earnings in the second half. FY18 and FY19 forecasts have been cut by -0.5% and -1.6% respectively, reflecting increased debt costs and higher vacancy.
Neutral rating and $2.07 target retained.
Target price is $2.07 Current Price is $2.07 Difference: $0
If IDR meets the Macquarie target it will return approximately 0% (excluding dividends, fees and charges).
Current consensus price target is $2.13, suggesting upside of 3.1% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Macquarie forecasts a full year FY17 dividend of 15.50 cents and EPS of 16.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 17.3, implying annual growth of -31.9%. Current consensus DPS estimate is 15.8, implying a prospective dividend yield of 7.6%. Current consensus EPS estimate suggests the PER is 12.0. |
Forecast for FY18:
Macquarie forecasts a full year FY18 dividend of 16.00 cents and EPS of 15.10 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 17.2, implying annual growth of -0.6%. Current consensus DPS estimate is 16.3, implying a prospective dividend yield of 7.9%. Current consensus EPS estimate suggests the PER is 12.0. |
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
UBS rates IDR as Neutral (3) -
First half results were slightly better than the broker's forecasts. The growth of 15% reveals a skew to the first half, reflecting $0.5m of break fee income received and leasing results from 2016.
The second half is set to be lower in UBS's opinion, given increased lease expiries. FY17 guidance of 2-3% was reiterated, implying FFO of 17.9-18.1cps.
Neutral and $2.17 target retained.
Target price is $2.17 Current Price is $2.07 Difference: $0.1
If IDR meets the UBS target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is $2.13, suggesting upside of 3.1% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
UBS forecasts a full year FY17 dividend of 16.00 cents and EPS of 18.10 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 17.3, implying annual growth of -31.9%. Current consensus DPS estimate is 15.8, implying a prospective dividend yield of 7.6%. Current consensus EPS estimate suggests the PER is 12.0. |
Forecast for FY18:
UBS forecasts a full year FY18 dividend of 16.50 cents and EPS of 18.30 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 17.2, implying annual growth of -0.6%. Current consensus DPS estimate is 16.3, implying a prospective dividend yield of 7.9%. Current consensus EPS estimate suggests the PER is 12.0. |
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
UBS rates IFM as Buy (1) -
Infomedia has announced a new contract with Nissan Motor Co to supply its electronic parts catalogue to Nissan dealers globally, for an initial five year term.
UBS is awaiting further details at the first half results presentation on Monday 28th February before factoring in the contract to their forecasts.
Buy rating and $0.80 price target retained.
Target price is $0.80 Current Price is $0.76 Difference: $0.04
If IFM meets the UBS target it will return approximately 5% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY17:
UBS forecasts a full year FY17 dividend of 3.00 cents and EPS of 4.00 cents. |
Forecast for FY18:
UBS forecasts a full year FY18 dividend of 3.00 cents and EPS of 4.00 cents. |
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Credit Suisse rates ISU as Outperform (1) -
iSelect beat the broker with a follow-up solid result. The broker's FY forecast guidance sits above the guidance range but hitting the target is not so important given revenues are strong, vertical opportunities are "exciting" and the company is investing for growth.
Outperform and $2.15 target retained.
Target price is $2.15 Current Price is $1.88 Difference: $0.27
If ISU meets the Credit Suisse target it will return approximately 14% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY17:
Credit Suisse forecasts a full year FY17 dividend of 4.50 cents and EPS of 8.00 cents. |
Forecast for FY18:
Credit Suisse forecasts a full year FY18 dividend of 6.00 cents and EPS of 10.20 cents. |
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
UBS rates MTR as Upgrade to Buy from Neutral (1) -
First half results were in line with the broker's forecasts. Soft CBD was offset by resort strength and the Ala Moana acquisition. Management has confirmed FY17 guidance, in line with UBS expectations.
In FY18, the broker expects mid single digit organic growth, together with new property acquisitions, to drive an 11% increase in EPS.
UBS upgrades the stock to Buy from Neutral and lowers the target price to $3.15 from $3.48.
Target price is $3.15 Current Price is $2.77 Difference: $0.38
If MTR meets the UBS target it will return approximately 14% (excluding dividends, fees and charges).
Current consensus price target is $3.43, suggesting upside of 24.0% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
UBS forecasts a full year FY17 dividend of 11.00 cents and EPS of 17.50 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 17.5, implying annual growth of 23.2%. Current consensus DPS estimate is 10.9, implying a prospective dividend yield of 3.9%. Current consensus EPS estimate suggests the PER is 15.8. |
Forecast for FY18:
UBS forecasts a full year FY18 dividend of 12.50 cents and EPS of 19.50 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 19.2, implying annual growth of 9.7%. Current consensus DPS estimate is 12.7, implying a prospective dividend yield of 4.6%. Current consensus EPS estimate suggests the PER is 14.4. |
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Morgan Stanley rates MVF as Overweight (1) -
First half net profit was ahead of expectations although management has suggested no recovery in the market has been observed thus far. Morgan Stanley maintains a view that long-term industry compound annual growth should be around 3-4%.
The broker finds the stock a superior play in a sector that remains attractive. Overweight rating retained. Target rises to $2.60 from $2.50. In-Line industry view.
Target price is $2.60 Current Price is $1.83 Difference: $0.77
If MVF meets the Morgan Stanley target it will return approximately 42% (excluding dividends, fees and charges).
Current consensus price target is $2.13, suggesting upside of 16.8% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Morgan Stanley forecasts a full year FY17 dividend of 8.60 cents and EPS of 13.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 13.3, implying annual growth of 9.0%. Current consensus DPS estimate is 9.1, implying a prospective dividend yield of 5.0%. Current consensus EPS estimate suggests the PER is 13.7. |
Forecast for FY18:
Morgan Stanley forecasts a full year FY18 dividend of 9.80 cents and EPS of 15.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 14.6, implying annual growth of 9.8%. Current consensus DPS estimate is 9.9, implying a prospective dividend yield of 5.4%. Current consensus EPS estimate suggests the PER is 12.5. |
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Morgans rates MVF as Hold (3) -
First half results were above forecasts, reflecting lower depreciation, interest and operating costs. Morgans suspects a return to long-term growth rates is at least six months away.
Upside risk relates to improving cycle volumes in Australia and downside risk to possible regulatory changes. Morgans retains a Hold rating. Target is reduced to $1.80 from $1.99.
Target price is $1.80 Current Price is $1.83 Difference: minus $0.03 (current price is over target).
If MVF meets the Morgans target it will return approximately minus 2% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $2.13, suggesting upside of 16.8% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Morgans forecasts a full year FY17 dividend of 8.90 cents and EPS of 13.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 13.3, implying annual growth of 9.0%. Current consensus DPS estimate is 9.1, implying a prospective dividend yield of 5.0%. Current consensus EPS estimate suggests the PER is 13.7. |
Forecast for FY18:
Morgans forecasts a full year FY18 dividend of 9.40 cents and EPS of 14.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 14.6, implying annual growth of 9.8%. Current consensus DPS estimate is 9.9, implying a prospective dividend yield of 5.4%. Current consensus EPS estimate suggests the PER is 12.5. |
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Morgans rates NAN as Add (1) -
First half results were ahead of forecasts. Morgans notes the tax benefit and includes this $11.7m figure in FY17 forecasts. No other changes to the tax calculation are made in the short term.
Add rating is maintained. Target is reduced to $3.61 from $3.67.
Target price is $3.61 Current Price is $2.68 Difference: $0.93
If NAN meets the Morgans target it will return approximately 35% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY17:
Morgans forecasts a full year FY17 dividend of 0.00 cents and EPS of 9.00 cents. |
Forecast for FY18:
Morgans forecasts a full year FY18 dividend of 0.00 cents and EPS of 7.00 cents. |
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Citi rates NCM as Buy (1) -
Commodities analysts at Citi have turned bullish on the multi-year outlook for copper, which they now believe should be in a sustainable uptrend, carried by global market deficits.
Revised price forecasts have an impact on profit estimates for copper producers. Target price lifts to $27.70. Buy.
Target price is $27.70 Current Price is $22.89 Difference: $4.81
If NCM meets the Citi target it will return approximately 21% (excluding dividends, fees and charges).
Current consensus price target is $21.42, suggesting downside of -7.1% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Citi forecasts a full year FY17 dividend of 25.31 cents and EPS of 103.25 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 78.7, implying annual growth of 35.0%. Current consensus DPS estimate is 17.0, implying a prospective dividend yield of 0.7%. Current consensus EPS estimate suggests the PER is 29.3. |
Forecast for FY18:
Citi forecasts a full year FY18 dividend of 35.97 cents and EPS of 127.23 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 99.2, implying annual growth of 26.0%. Current consensus DPS estimate is 29.0, implying a prospective dividend yield of 1.3%. Current consensus EPS estimate suggests the PER is 23.2. |
Market Sentiment: -0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Credit Suisse rates NHC as Neutral (3) -
Following New Hope's quarterly production report, the broker has lowered forecasts. The broker notes upside potential from New Acland stage 3 gaining approval.
Neutral and $1.75 target retained.
Target price is $1.75 Current Price is $1.82 Difference: minus $0.07 (current price is over target).
If NHC meets the Credit Suisse target it will return approximately minus 4% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $1.85, suggesting upside of 5.2% (ex-dividends)
The company's fiscal year ends in July.
Forecast for FY17:
Credit Suisse forecasts a full year FY17 dividend of 4.50 cents and EPS of 14.20 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 15.7, implying annual growth of 2862.3%. Current consensus DPS estimate is 7.1, implying a prospective dividend yield of 4.0%. Current consensus EPS estimate suggests the PER is 11.2. |
Forecast for FY18:
Credit Suisse forecasts a full year FY18 dividend of 2.00 cents and EPS of 14.40 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 16.5, implying annual growth of 5.1%. Current consensus DPS estimate is 11.6, implying a prospective dividend yield of 6.6%. Current consensus EPS estimate suggests the PER is 10.6. |
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Citi rates NHF as Neutral (3) -
Nib's interim result beat expectations. Management raised guidance. Citi still thinks upgraded guidance is likely to prove conservative.
In light of the strong share price reaction to the results, Citi analysts note the main cause of the beat was extraordinarily low 1H17 claims inflation. This may reverse as soon as 2H, they add. Neutral rating retained. Target rises to $4.95 from $4.70.
Target price is $4.95 Current Price is $5.17 Difference: minus $0.22 (current price is over target).
If NHF meets the Citi target it will return approximately minus 4% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $5.17, suggesting downside of -2.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Citi forecasts a full year FY17 dividend of 17.50 cents and EPS of 28.20 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 26.9, implying annual growth of 26.9%. Current consensus DPS estimate is 17.0, implying a prospective dividend yield of 3.2%. Current consensus EPS estimate suggests the PER is 19.7. |
Forecast for FY18:
Citi forecasts a full year FY18 dividend of 18.50 cents and EPS of 27.90 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 27.4, implying annual growth of 1.9%. Current consensus DPS estimate is 18.1, implying a prospective dividend yield of 3.4%. Current consensus EPS estimate suggests the PER is 19.4. |
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Credit Suisse rates NHF as Upgrade to Neutral from Underperform (3) -
Nib's profit result beat Credit Suisse by 22% driven by record net margins. The broker considers upgraded FY guidance to be conservative.
The broker's prior negative stance was premised on the government addressing the exorbitant profits being made by insurers at the expense of policyholders. This result, and Nib's increased premiums, suggest this is not going to happen anytime soon. Upgrade to Neutral. Target rises to $5.50 from $4.55.
Target price is $5.50 Current Price is $5.17 Difference: $0.33
If NHF meets the Credit Suisse target it will return approximately 6% (excluding dividends, fees and charges).
Current consensus price target is $5.17, suggesting downside of -2.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Credit Suisse forecasts a full year FY17 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 26.9, implying annual growth of 26.9%. Current consensus DPS estimate is 17.0, implying a prospective dividend yield of 3.2%. Current consensus EPS estimate suggests the PER is 19.7. |
Forecast for FY18:
Credit Suisse forecasts a full year FY18 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 27.4, implying annual growth of 1.9%. Current consensus DPS estimate is 18.1, implying a prospective dividend yield of 3.4%. Current consensus EPS estimate suggests the PER is 19.4. |
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Macquarie rates NHF as Outperform (1) -
First half underlying operating profit was up 43.4% and beat expectations. Macquarie observes this was driven by an improvement in the gross margin for Australian residents and a rebound in the international segment.
FY17 guidance for operating profit is upgraded to $140-150m and the broker's forecast lies at the top end of this range.
The industry leading growth supports an Outperform rating and Macquarie raises the target to $5.50 from $5.40.
Target price is $5.50 Current Price is $5.17 Difference: $0.33
If NHF meets the Macquarie target it will return approximately 6% (excluding dividends, fees and charges).
Current consensus price target is $5.17, suggesting downside of -2.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Macquarie forecasts a full year FY17 dividend of 17.50 cents and EPS of 27.90 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 26.9, implying annual growth of 26.9%. Current consensus DPS estimate is 17.0, implying a prospective dividend yield of 3.2%. Current consensus EPS estimate suggests the PER is 19.7. |
Forecast for FY18:
Macquarie forecasts a full year FY18 dividend of 18.00 cents and EPS of 27.30 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 27.4, implying annual growth of 1.9%. Current consensus DPS estimate is 18.1, implying a prospective dividend yield of 3.4%. Current consensus EPS estimate suggests the PER is 19.4. |
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Morgan Stanley rates NHF as Equal-weight (3) -
Morgan Stanley flags earnings risks into FY18, as the company cycles peak margins. The broker expects the upside will be reinvested in growth, as nib drives lower-than-industry premium rate hikes and seeks to offset falling margins with top-line growth.
As gearing is re-set to align with international peers the broker believes the company is well placed to capitalise on opportunities.
Equal-weight rating and In-Line industry view retained. Target is raised to $4.70 from $4.10.
Target price is $4.70 Current Price is $5.17 Difference: minus $0.47 (current price is over target).
If NHF meets the Morgan Stanley target it will return approximately minus 9% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $5.17, suggesting downside of -2.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Morgan Stanley forecasts a full year FY17 dividend of 17.05 cents and EPS of 25.80 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 26.9, implying annual growth of 26.9%. Current consensus DPS estimate is 17.0, implying a prospective dividend yield of 3.2%. Current consensus EPS estimate suggests the PER is 19.7. |
Forecast for FY18:
Morgan Stanley forecasts a full year FY18 dividend of 18.15 cents and EPS of 26.50 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 27.4, implying annual growth of 1.9%. Current consensus DPS estimate is 18.1, implying a prospective dividend yield of 3.4%. Current consensus EPS estimate suggests the PER is 19.4. |
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Morgans rates NHF as Hold (3) -
First half net profit beat expectations. Morgans found the Australian residents health insurance segment hard to fault, with the underwriting margin of 8.7% almost 2% above the prior corresponding half.
FY17 and FY18 estimates are upgraded by around 14% and 7% respectively. Hold rating retained. Target is raised to $5.02 from $4.78.
Target price is $5.02 Current Price is $5.17 Difference: minus $0.15 (current price is over target).
If NHF meets the Morgans target it will return approximately minus 3% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $5.17, suggesting downside of -2.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Morgans forecasts a full year FY17 dividend of 17.20 cents and EPS of 27.20 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 26.9, implying annual growth of 26.9%. Current consensus DPS estimate is 17.0, implying a prospective dividend yield of 3.2%. Current consensus EPS estimate suggests the PER is 19.7. |
Forecast for FY18:
Morgans forecasts a full year FY18 dividend of 17.60 cents and EPS of 28.50 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 27.4, implying annual growth of 1.9%. Current consensus DPS estimate is 18.1, implying a prospective dividend yield of 3.4%. Current consensus EPS estimate suggests the PER is 19.4. |
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Ord Minnett rates NHF as Accumulate (2) -
First half results were well ahead of expectations. Guidance for FY17 appears conservative to Ord Minnett and there is every likelihood margins will remain elevated into FY18.
The broker also believes elevated margins will be accompanied by very strong volume growth, given the large investments being made in growth by the partnering relationships with Suncorp ((SUN)) and Qantas ((QAN)).
Accumulate rating retained. Target rises to $5.90 from $5.00.
Target price is $5.90 Current Price is $5.17 Difference: $0.73
If NHF meets the Ord Minnett target it will return approximately 14% (excluding dividends, fees and charges).
Current consensus price target is $5.17, suggesting downside of -2.5% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Ord Minnett forecasts a full year FY17 dividend of 16.00 cents and EPS of 27.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 26.9, implying annual growth of 26.9%. Current consensus DPS estimate is 17.0, implying a prospective dividend yield of 3.2%. Current consensus EPS estimate suggests the PER is 19.7. |
Forecast for FY18:
Ord Minnett forecasts a full year FY18 dividend of 20.00 cents and EPS of 29.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 27.4, implying annual growth of 1.9%. Current consensus DPS estimate is 18.1, implying a prospective dividend yield of 3.4%. Current consensus EPS estimate suggests the PER is 19.4. |
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Citi rates NST as Buy (1) -
Yet another strong performance, exclaim the analysts. On their calculations, this company could well have $520m in cash by end FY18. Citi remains confident management will remain a prudent spender.
The prospect of higher Kalgoorlie production lifts the stockbroker's price target by 35c; $5.05 versus $4.70 prior. Buy rating remains intact.
Target price is $5.05 Current Price is $4.31 Difference: $0.74
If NST meets the Citi target it will return approximately 17% (excluding dividends, fees and charges).
Current consensus price target is $4.51, suggesting upside of 4.0% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Citi forecasts a full year FY17 dividend of 7.00 cents and EPS of 32.80 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 31.7, implying annual growth of 25.8%. Current consensus DPS estimate is 8.9, implying a prospective dividend yield of 2.1%. Current consensus EPS estimate suggests the PER is 13.7. |
Forecast for FY18:
Citi forecasts a full year FY18 dividend of 8.00 cents and EPS of 41.50 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 50.1, implying annual growth of 58.0%. Current consensus DPS estimate is 12.2, implying a prospective dividend yield of 2.8%. Current consensus EPS estimate suggests the PER is 8.7. |
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Credit Suisse rates NST as Outperform (1) -
Northern Star's result was in line with expectations and FY guidance has been maintained. Growth in reserves is the next catalyst, the broker suggests, with zero debt providing for competitive M&A firepower.
Outperform and $4.10 target retained.
Target price is $4.10 Current Price is $4.31 Difference: minus $0.21 (current price is over target).
If NST meets the Credit Suisse target it will return approximately minus 5% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $4.51, suggesting upside of 4.0% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Credit Suisse forecasts a full year FY17 dividend of 9.30 cents and EPS of 35.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 31.7, implying annual growth of 25.8%. Current consensus DPS estimate is 8.9, implying a prospective dividend yield of 2.1%. Current consensus EPS estimate suggests the PER is 13.7. |
Forecast for FY18:
Credit Suisse forecasts a full year FY18 dividend of 15.20 cents and EPS of 50.60 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 50.1, implying annual growth of 58.0%. Current consensus DPS estimate is 12.2, implying a prospective dividend yield of 2.8%. Current consensus EPS estimate suggests the PER is 8.7. |
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Macquarie rates NST as Neutral (3) -
First half results were better than expected because of a gain from the sale of the Plutonic mine. Macquarie expects the mid-year strategy update could be a major catalyst.
The company continues to invest in resource development and incremental expansion options. Neutral retained. Target rises to $4.00 from $3.70.
Target price is $4.00 Current Price is $4.31 Difference: minus $0.31 (current price is over target).
If NST meets the Macquarie target it will return approximately minus 7% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $4.51, suggesting upside of 4.0% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Macquarie forecasts a full year FY17 dividend of 10.00 cents and EPS of 26.60 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 31.7, implying annual growth of 25.8%. Current consensus DPS estimate is 8.9, implying a prospective dividend yield of 2.1%. Current consensus EPS estimate suggests the PER is 13.7. |
Forecast for FY18:
Macquarie forecasts a full year FY18 dividend of 13.00 cents and EPS of 50.30 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 50.1, implying annual growth of 58.0%. Current consensus DPS estimate is 12.2, implying a prospective dividend yield of 2.8%. Current consensus EPS estimate suggests the PER is 8.7. |
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Citi rates OGC as Buy (1) -
Commodities analysts at Citi have turned bullish on the multi-year outlook for copper, which they now believe should be in a sustainable uptrend, carried by global market deficits.
Revised price forecasts have an impact on profit estimates for copper producers. Target of $4.70 and Buy rating both unchanged.
Target price is $4.70 Current Price is $4.01 Difference: $0.69
If OGC meets the Citi target it will return approximately 17% (excluding dividends, fees and charges).
Current consensus price target is $4.60, suggesting upside of 15.7% (ex-dividends)
The company's fiscal year ends in December.
Forecast for FY16:
Citi forecasts a full year FY16 dividend of 2.66 cents and EPS of 34.50 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 32.1, implying annual growth of N/A. Current consensus DPS estimate is 4.6, implying a prospective dividend yield of 1.2%. Current consensus EPS estimate suggests the PER is 12.4. |
Forecast for FY17:
Citi forecasts a full year FY17 dividend of 4.00 cents and EPS of 26.91 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 44.9, implying annual growth of 39.9%. Current consensus DPS estimate is 4.2, implying a prospective dividend yield of 1.1%. Current consensus EPS estimate suggests the PER is 8.9. |
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
Credit Suisse rates OML as Neutral (3) -
OML's solid result was in line with forecasts and momentum appears strong, the broker suggests. But the current focus of attention is on the proposed merger with APN Outdoor ((APO)).
Were this to receive ACCC approval, the broker suggests OML is the better stock to play given its discount to the proposed merger terms. However given the concentration of outdoor advertising implied, the broker cannot assume approval.
Neutral thus retained. Target falls to $5.05 from $5.15.
Target price is $5.05 Current Price is $4.73 Difference: $0.32
If OML meets the Credit Suisse target it will return approximately 7% (excluding dividends, fees and charges).
Current consensus price target is $5.03, suggesting upside of 6.9% (ex-dividends)
The company's fiscal year ends in December.
Forecast for FY17:
Credit Suisse forecasts a full year FY17 dividend of 16.50 cents and EPS of 27.70 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 24.8, implying annual growth of N/A. Current consensus DPS estimate is 16.1, implying a prospective dividend yield of 3.4%. Current consensus EPS estimate suggests the PER is 19.0. |
Forecast for FY18:
Credit Suisse forecasts a full year FY18 dividend of 18.50 cents and EPS of 31.40 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 27.7, implying annual growth of 11.7%. Current consensus DPS estimate is 17.2, implying a prospective dividend yield of 3.7%. Current consensus EPS estimate suggests the PER is 17.0. |
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Macquarie rates OML as No Rating (-1) -
2016 EBITDA growth of 27.4% delivered a result at the top end of guidance. Gross margins were well above 2015. There was no material update on the proposed merger with APN Outdoor ((APO)).
Macquarie is restricted on a target and rating at present.
Current Price is $4.73. Target price not assessed.
Current consensus price target is $5.03, suggesting upside of 6.9% (ex-dividends)
The company's fiscal year ends in December.
Forecast for FY17:
Macquarie forecasts a full year FY17 dividend of 15.70 cents and EPS of 27.80 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 24.8, implying annual growth of N/A. Current consensus DPS estimate is 16.1, implying a prospective dividend yield of 3.4%. Current consensus EPS estimate suggests the PER is 19.0. |
Forecast for FY18:
Macquarie forecasts a full year FY18 dividend of 16.20 cents and EPS of 28.60 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 27.7, implying annual growth of 11.7%. Current consensus DPS estimate is 17.2, implying a prospective dividend yield of 3.7%. Current consensus EPS estimate suggests the PER is 17.0. |
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Ord Minnett rates OML as Accumulate (2) -
2016 underlying operating earnings were broadly in line. Ord Minnett expects the share price in the near term will be driven by news flow regarding the anticipated merger with APN Outdoor ((APO)).
The broker expects 2017 will be another year of meaningful growth on a stand-alone basis. The broker retains an Accumulate rating. Target is reduced to $5.00 from $5.25.
Target price is $5.00 Current Price is $4.73 Difference: $0.27
If OML meets the Ord Minnett target it will return approximately 6% (excluding dividends, fees and charges).
Current consensus price target is $5.03, suggesting upside of 6.9% (ex-dividends)
The company's fiscal year ends in December.
Forecast for FY17:
Ord Minnett forecasts a full year FY17 dividend of 16.00 cents and EPS of 19.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 24.8, implying annual growth of N/A. Current consensus DPS estimate is 16.1, implying a prospective dividend yield of 3.4%. Current consensus EPS estimate suggests the PER is 19.0. |
Forecast for FY18:
Ord Minnett forecasts a full year FY18 dividend of 17.00 cents and EPS of 23.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 27.7, implying annual growth of 11.7%. Current consensus DPS estimate is 17.2, implying a prospective dividend yield of 3.7%. Current consensus EPS estimate suggests the PER is 17.0. |
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Citi rates OZL as Buy (1) -
Commodities analysts at Citi have turned bullish on the multi-year outlook for copper, which they now believe should be in a sustainable uptrend, carried by global market deficits.
Revised price forecasts have an impact on profit estimates for copper producers. Price target has gained $1 to $11.50. Buy.
Target price is $11.50 Current Price is $9.96 Difference: $1.54
If OZL meets the Citi target it will return approximately 15% (excluding dividends, fees and charges).
Current consensus price target is $8.71, suggesting downside of -12.1% (ex-dividends)
The company's fiscal year ends in December.
Forecast for FY16:
Citi forecasts a full year FY16 dividend of 12.00 cents and EPS of 42.80 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 37.8, implying annual growth of -11.9%. Current consensus DPS estimate is 13.1, implying a prospective dividend yield of 1.3%. Current consensus EPS estimate suggests the PER is 26.2. |
Forecast for FY17:
Citi forecasts a full year FY17 dividend of 8.00 cents and EPS of 98.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 52.4, implying annual growth of 38.6%. Current consensus DPS estimate is 13.4, implying a prospective dividend yield of 1.4%. Current consensus EPS estimate suggests the PER is 18.9. |
Market Sentiment: -0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Citi rates SFR as Neutral (3) -
Commodities analysts at Citi have turned bullish on the multi-year outlook for copper, which they now believe should be in a sustainable uptrend, carried by global market deficits.
Revised price forecasts have an impact on profit estimates for copper producers. Target price gained 30c to $7.30. Neutral.
Target price is $7.30 Current Price is $6.85 Difference: $0.45
If SFR meets the Citi target it will return approximately 7% (excluding dividends, fees and charges).
Current consensus price target is $6.82, suggesting upside of 1.0% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Citi forecasts a full year FY17 dividend of 13.00 cents and EPS of 50.70 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 55.9, implying annual growth of 83.0%. Current consensus DPS estimate is 16.9, implying a prospective dividend yield of 2.5%. Current consensus EPS estimate suggests the PER is 12.1. |
Forecast for FY18:
Citi forecasts a full year FY18 dividend of 22.00 cents and EPS of 72.90 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 71.1, implying annual growth of 27.2%. Current consensus DPS estimate is 20.7, implying a prospective dividend yield of 3.1%. Current consensus EPS estimate suggests the PER is 9.5. |
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Ord Minnett rates SUL as Accumulate (2) -
Ord Minnett expects underlying net profit to rise 26.4% in the first half.
Recent acquisitions have detracted from the performance of the automotive and sports segments but the broker observes progress is being made to address some of the problematic acquisitions.
Accumulate rating and $11.50 target maintained.
Target price is $11.50 Current Price is $9.52 Difference: $1.98
If SUL meets the Ord Minnett target it will return approximately 21% (excluding dividends, fees and charges).
Current consensus price target is $10.86, suggesting upside of 12.6% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Ord Minnett forecasts a full year FY17 dividend of 48.00 cents and EPS of 65.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 65.7, implying annual growth of 106.6%. Current consensus DPS estimate is 47.5, implying a prospective dividend yield of 4.9%. Current consensus EPS estimate suggests the PER is 14.7. |
Forecast for FY18:
Ord Minnett forecasts a full year FY18 dividend of 56.00 cents and EPS of 76.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 75.2, implying annual growth of 14.5%. Current consensus DPS estimate is 52.5, implying a prospective dividend yield of 5.4%. Current consensus EPS estimate suggests the PER is 12.8. |
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Citi rates TAH as Sell (5) -
Further updates to the analysts' modeling have resulted in Citi increasing FY17-19 EPS estimates by 0.7%, 1.6% and 2.5% respectively. Sell rating and $4.05 price target remain unchanged.
Target price is $4.05 Current Price is $4.29 Difference: minus $0.24 (current price is over target).
If TAH meets the Citi target it will return approximately minus 6% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is $4.65, suggesting upside of 9.3% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Citi forecasts a full year FY17 dividend of 25.00 cents and EPS of 23.20 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 23.0, implying annual growth of 12.7%. Current consensus DPS estimate is 24.8, implying a prospective dividend yield of 5.8%. Current consensus EPS estimate suggests the PER is 18.5. |
Forecast for FY18:
Citi forecasts a full year FY18 dividend of 26.00 cents and EPS of 25.10 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 25.3, implying annual growth of 10.0%. Current consensus DPS estimate is 26.3, implying a prospective dividend yield of 6.2%. Current consensus EPS estimate suggests the PER is 16.8. |
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Citi rates VRL as Neutral (3) -
The interim results release has triggered concerns at Citi that debt remains too high and management's urgency to address it might not be urgent enough. Citi says there are no guarantees attempts to sell off assets will prove successful.
Theme Parks are likely to get worse before getting better, predict the analysts. They also believe guidance for the cinema operations comes with downside risks.
Earnings estimates have been reduced. The shares look cheap, but Citi is not keen, though there is re-rating potential in case of asset sales and/or a turnaround operationally. Neutral rating retained. Target loses 20c to $3.65.
If Citi's projections are anything to go by, shareholders should no longer expect any dividends in the foreseeable future.
Target price is $3.65 Current Price is $3.50 Difference: $0.15
If VRL meets the Citi target it will return approximately 4% (excluding dividends, fees and charges).
Current consensus price target is $3.98, suggesting upside of 13.6% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Citi forecasts a full year FY17 dividend of 0.00 cents and EPS of 25.80 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 20.9, implying annual growth of 113.3%. Current consensus DPS estimate is 2.5, implying a prospective dividend yield of 0.7%. Current consensus EPS estimate suggests the PER is 16.7. |
Forecast for FY18:
Citi forecasts a full year FY18 dividend of 0.00 cents and EPS of 28.60 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 28.3, implying annual growth of 35.4%. Current consensus DPS estimate is 3.8, implying a prospective dividend yield of 1.1%. Current consensus EPS estimate suggests the PER is 12.4. |
Market Sentiment: 0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Citi rates WOR as Buy (1) -
Interim result was down -23%, but Citi analysts had expected much worse. The analysts point out higher gross margins and successful cost-out saved the day during the six months period.
Weak cash generation was a major disappointment, the analysts admit, but there's significant leverage to any upturn, no matter how small. On the analysts' estimates, every 1% in additional revenues will boost EBIT by 13% and net profits by 9%.
FY17 should mark the low point in the earnings cycle, suggest the analysts, but repairing the balance sheet has now become king. Could there be a capital raising on the horizon? In between the lines, Citi analysts do make the suggestion. Buy. Target $9.80 (unchanged).
Target price is $9.80 Current Price is $8.16 Difference: $1.64
If WOR meets the Citi target it will return approximately 20% (excluding dividends, fees and charges).
Current consensus price target is $9.42, suggesting upside of 17.7% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Citi forecasts a full year FY17 dividend of 0.00 cents and EPS of 44.40 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 52.6, implying annual growth of 453.7%. Current consensus DPS estimate is 3.4, implying a prospective dividend yield of 0.4%. Current consensus EPS estimate suggests the PER is 15.2. |
Forecast for FY18:
Citi forecasts a full year FY18 dividend of 15.00 cents and EPS of 64.50 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 67.4, implying annual growth of 28.1%. Current consensus DPS estimate is 23.4, implying a prospective dividend yield of 2.9%. Current consensus EPS estimate suggests the PER is 11.9. |
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Credit Suisse rates WOR as Downgrade to Neutral from Outperform (3) -
WorleyParsons' FY16 result alleviated a lot of balance sheet concerns for investors, Credit Suisse notes. The company's weak first half FY17 result has reignited those concerns. Most worrying for the broker is that "slow progress" on reducing days sales outstanding (DSO) on remaining receivables is actually no progress.
While there is considerable leverage in the business to growth in development & contracting, the broker needs to be more confident in the company's ability to reduce debt. Downgrade to Neutral. Target falls to $8.50 from $9.20.
Target price is $8.50 Current Price is $8.16 Difference: $0.34
If WOR meets the Credit Suisse target it will return approximately 4% (excluding dividends, fees and charges).
Current consensus price target is $9.42, suggesting upside of 17.7% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Credit Suisse forecasts a full year FY17 dividend of 0.00 cents and EPS of 52.50 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 52.6, implying annual growth of 453.7%. Current consensus DPS estimate is 3.4, implying a prospective dividend yield of 0.4%. Current consensus EPS estimate suggests the PER is 15.2. |
Forecast for FY18:
Credit Suisse forecasts a full year FY18 dividend of 0.00 cents and EPS of 65.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 67.4, implying annual growth of 28.1%. Current consensus DPS estimate is 23.4, implying a prospective dividend yield of 2.9%. Current consensus EPS estimate suggests the PER is 11.9. |
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Deutsche Bank rates WOR as Upgrade to Hold from Sell (3) -
First half results were below the broker's expectations. However, margins and earnings were better than Deutsche Bank had been expecting.
The broker has reduced its revenue forecasts, but increased margin assumptions, to reflect the expanded cost out program. The net impact has been a 10% to 18% EPS increase between FY17 and FY19,
The stock has been upgraded to Hold from Sell and the target price raised to $8.60 from $8.39.
Target price is $8.60 Current Price is $8.16 Difference: $0.44
If WOR meets the Deutsche Bank target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is $9.42, suggesting upside of 17.7% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Deutsche Bank forecasts a full year FY17 dividend of 17.00 cents and EPS of 51.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 52.6, implying annual growth of 453.7%. Current consensus DPS estimate is 3.4, implying a prospective dividend yield of 0.4%. Current consensus EPS estimate suggests the PER is 15.2. |
Forecast for FY18:
Deutsche Bank forecasts a full year FY18 dividend of 42.00 cents and EPS of 65.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 67.4, implying annual growth of 28.1%. Current consensus DPS estimate is 23.4, implying a prospective dividend yield of 2.9%. Current consensus EPS estimate suggests the PER is 11.9. |
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Macquarie rates WOR as Downgrade to Underperform from Neutral (5) -
First half results were below expectations. Revenue disappointed Macquarie although margins were better. The balance sheet is now back in focus as net debt increased to $1.015bn.
Macquarie reduces FY17 forecasts for earnings per share by -14%. Recovery is expected to be gradual and cost cutting momentum to slow, putting the pressure on the top line to deliver.
Rating is downgraded to Underperform from Neutral. Target falls to $8.28 from $9.00.
Target price is $8.28 Current Price is $8.16 Difference: $0.12
If WOR meets the Macquarie target it will return approximately 1% (excluding dividends, fees and charges).
Current consensus price target is $9.42, suggesting upside of 17.7% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Macquarie forecasts a full year FY17 dividend of 0.00 cents and EPS of 59.10 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 52.6, implying annual growth of 453.7%. Current consensus DPS estimate is 3.4, implying a prospective dividend yield of 0.4%. Current consensus EPS estimate suggests the PER is 15.2. |
Forecast for FY18:
Macquarie forecasts a full year FY18 dividend of 27.90 cents and EPS of 63.50 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 67.4, implying annual growth of 28.1%. Current consensus DPS estimate is 23.4, implying a prospective dividend yield of 2.9%. Current consensus EPS estimate suggests the PER is 11.9. |
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Morgan Stanley rates WOR as Overweight (1) -
A weak first half result, as expected. Morgan Stanley believes the company has put investors in a quandary: the outlook is pointing to an improved environment but concerns are raised about negative operating cash flow in the first half.
The broker believes optimism means little if the company cannot recover its cash flow and, in this regard, suspects time is running out. An improving macro environment may result in an influx of payments from delinquent debtors but equally mean the business consumes working capital as revenue recovers.
Overweight rating and Cautious industry view are retained. Target is $11.94.
Target price is $11.94 Current Price is $8.16 Difference: $3.78
If WOR meets the Morgan Stanley target it will return approximately 46% (excluding dividends, fees and charges).
Current consensus price target is $9.42, suggesting upside of 17.7% (ex-dividends)
The company's fiscal year ends in June.
Forecast for FY17:
Morgan Stanley forecasts a full year FY17 dividend of 0.00 cents and EPS of 56.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 52.6, implying annual growth of 453.7%. Current consensus DPS estimate is 3.4, implying a prospective dividend yield of 0.4%. Current consensus EPS estimate suggests the PER is 15.2. |
Forecast for FY18:
Morgan Stanley forecasts a full year FY18 dividend of 32.00 cents and EPS of 79.00 cents. How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 67.4, implying annual growth of 28.1%. Current consensus DPS estimate is 23.4, implying a prospective dividend yield of 2.9%. Current consensus EPS estimate suggests the PER is 11.9. |
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Summaries
| AJD - | ASIA PACIFIC DATA CENTRE | Hold - Morgans | Overnight Price $1.52 |
| ARF - | ARENA REIT | Overweight - Morgan Stanley | Overnight Price $2.09 |
| ASG - | AUTOSPORTS GROUP | Outperform - Macquarie | Overnight Price $2.50 |
| Buy - UBS | Overnight Price $2.50 | ||
| ASX - | ASX | Reduce - Morgans | Overnight Price $51.27 |
| BAT - | BATTERY MINERALS | Initiation of coverage with Add - Morgans | Overnight Price $0.11 |
| BPT - | BEACH ENERGY | Upgrade to Neutral from Sell - Citi | Overnight Price $0.72 |
| Outperform - Credit Suisse | Overnight Price $0.72 | ||
| Underperform - Macquarie | Overnight Price $0.72 | ||
| Equal-weight - Morgan Stanley | Overnight Price $0.72 | ||
| Lighten - Ord Minnett | Overnight Price $0.72 | ||
| Neutral - UBS | Overnight Price $0.72 | ||
| BSL - | BLUESCOPE STEEL | Buy - Citi | Overnight Price $12.90 |
| Upgrade to Outperform from Neutral - Credit Suisse | Overnight Price $12.90 | ||
| Hold - Deutsche Bank | Overnight Price $12.90 | ||
| Outperform - Macquarie | Overnight Price $12.90 | ||
| Overweight - Morgan Stanley | Overnight Price $12.90 | ||
| Downgrade to Hold from Accumulate - Ord Minnett | Overnight Price $12.90 | ||
| Buy - UBS | Overnight Price $12.90 | ||
| BXB - | BRAMBLES | Downgrade to Neutral from Buy - Citi | Overnight Price $9.28 |
| Underperform - Credit Suisse | Overnight Price $9.28 | ||
| Downgrade to Hold from Buy - Deutsche Bank | Overnight Price $9.28 | ||
| Downgrade to Neutral from Outperform - Macquarie | Overnight Price $9.28 | ||
| Equal-weight - Morgan Stanley | Overnight Price $9.28 | ||
| Downgrade to Hold from Add - Morgans | Overnight Price $9.28 | ||
| Buy - UBS | Overnight Price $9.28 | ||
| CAB - | CABCHARGE AUSTRALIA | Downgrade to Neutral from Buy - UBS | Overnight Price $3.56 |
| CQR - | CHARTER HALL RETAIL | Neutral - Citi | Overnight Price $4.29 |
| Neutral - Macquarie | Overnight Price $4.29 | ||
| Underweight - Morgan Stanley | Overnight Price $4.29 | ||
| Hold - Ord Minnett | Overnight Price $4.29 | ||
| Neutral - UBS | Overnight Price $4.29 | ||
| CSV - | CSG | Neutral - Macquarie | Overnight Price $0.46 |
| EVN - | EVOLUTION MINING | Buy - Citi | Overnight Price $2.35 |
| EVT - | EVENT HOSPITALITY | Buy - Ord Minnett | Overnight Price $12.10 |
| FLT - | FLIGHT CENTRE | Neutral - Citi | Overnight Price $30.36 |
| FMG - | FORTESCUE | Outperform - Macquarie | Overnight Price $7.17 |
| GEM - | G8 EDUCATION | Buy - Deutsche Bank | Overnight Price $3.76 |
| Neutral - Macquarie | Overnight Price $3.76 | ||
| Upgrade to Buy from Accumulate - Ord Minnett | Overnight Price $3.76 | ||
| Buy - UBS | Overnight Price $3.76 | ||
| GHC - | GENERATION HEALTHCARE REIT | Neutral - Macquarie | Overnight Price $1.90 |
| Hold - Morgans | Overnight Price $1.90 | ||
| GWA - | GWA GROUP | Sell - Citi | Overnight Price $2.75 |
| Hold - Deutsche Bank | Overnight Price $2.75 | ||
| Downgrade to Underperform from Neutral - Macquarie | Overnight Price $2.75 | ||
| Hold - Morgans | Overnight Price $2.75 | ||
| Sell - UBS | Overnight Price $2.75 | ||
| IDR - | INDUSTRIA REIT | Neutral - Macquarie | Overnight Price $2.07 |
| Neutral - UBS | Overnight Price $2.07 | ||
| IFM - | INFOMEDIA | Buy - UBS | Overnight Price $0.76 |
| ISU - | ISELECT | Outperform - Credit Suisse | Overnight Price $1.88 |
| MTR - | MANTRA GROUP | Upgrade to Buy from Neutral - UBS | Overnight Price $2.77 |
| MVF - | MONASH IVF | Overweight - Morgan Stanley | Overnight Price $1.83 |
| Hold - Morgans | Overnight Price $1.83 | ||
| NAN - | NANOSONICS | Add - Morgans | Overnight Price $2.68 |
| NCM - | NEWCREST MINING | Buy - Citi | Overnight Price $22.89 |
| NHC - | NEW HOPE CORP | Neutral - Credit Suisse | Overnight Price $1.82 |
| NHF - | NIB HOLDINGS | Neutral - Citi | Overnight Price $5.17 |
| Upgrade to Neutral from Underperform - Credit Suisse | Overnight Price $5.17 | ||
| Outperform - Macquarie | Overnight Price $5.17 | ||
| Equal-weight - Morgan Stanley | Overnight Price $5.17 | ||
| Hold - Morgans | Overnight Price $5.17 | ||
| Accumulate - Ord Minnett | Overnight Price $5.17 | ||
| NST - | NORTHERN STAR | Buy - Citi | Overnight Price $4.31 |
| Outperform - Credit Suisse | Overnight Price $4.31 | ||
| Neutral - Macquarie | Overnight Price $4.31 | ||
| OGC - | OCEANAGOLD | Buy - Citi | Overnight Price $4.01 |
| OML - | OOH!MEDIA | Neutral - Credit Suisse | Overnight Price $4.73 |
| No Rating - Macquarie | Overnight Price $4.73 | ||
| Accumulate - Ord Minnett | Overnight Price $4.73 | ||
| OZL - | OZ MINERALS | Buy - Citi | Overnight Price $9.96 |
| SFR - | SANDFIRE | Neutral - Citi | Overnight Price $6.85 |
| SUL - | SUPER RETAIL | Accumulate - Ord Minnett | Overnight Price $9.52 |
| TAH - | TABCORP HOLDINGS | Sell - Citi | Overnight Price $4.29 |
| VRL - | VILLAGE ROADSHOW | Neutral - Citi | Overnight Price $3.50 |
| WOR - | WORLEYPARSONS | Buy - Citi | Overnight Price $8.16 |
| Downgrade to Neutral from Outperform - Credit Suisse | Overnight Price $8.16 | ||
| Upgrade to Hold from Sell - Deutsche Bank | Overnight Price $8.16 | ||
| Downgrade to Underperform from Neutral - Macquarie | Overnight Price $8.16 | ||
| Overweight - Morgan Stanley | Overnight Price $8.16 |
RATING SUMMARY
| Rating | No. Of Recommendations |
| 1. Buy | 30 |
| 2. Accumulate | 3 |
| 3. Hold | 37 |
| 4. Reduce | 1 |
| 5. Sell | 9 |
Wednesday 22 February 2017
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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.
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