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Broker Alerts Archive

  • Morgans rates NHF as Hold

    Thursday, June 16, 2016 - 11:00

    The company has re-affirmed its guidance for FY16 but notes the favourable claims trajectory is easing. Morgans observes management was upbeat about the potential outcomes of the private health insurer regulatory reviews.

    The broker considers the stock offers a differentiated growth picture to key rival Medibank Private ((MPL)) but also believes some caution is warranted, given the ongoing government reviews. Hold rating retained. Target is $4.04.

    Target price is $4.04 Current Price is $4.31 Difference: minus $0.27 (current price is over target). 
    If NHF meets the Morgans target it will return approximately minus 6% (excluding dividends, fees and charges - negative figures indicate an expected loss).
    Current consensus price target is $4.13, suggesting downside of -3.6%(ex-dividends)
    The company's fiscal year ends in June.

    FNArena 

    Market sentiment: 0.1

  • Citi rates MTS as Buy

    Thursday, June 16, 2016 - 10:59

    Metcash is scheduled to report FY16 financials on June 20 and Citi analysts are forecasting the company will report core EPS of 19.5c, down 8.4% vs. pcp, carried by a better second half.

    The expectation is that underlying Food & Grocery sales have stabilized, which is key to the present Buy recommendation.

    Target price is $2.05 Current Price is $2.24 Difference: minus $0.19 (current price is over target). 
    If MTS meets the Citi target it will return approximately minus 8% (excluding dividends, fees and charges - negative figures indicate an expected loss). 
    Current consensus price target is $2.02, suggesting downside of -7.1%(ex-dividends)

    FNArena 

    Market sentiment: 0.4
    Companies: METCASH LIMITED

  • Macquarie rates MIN as Downgrade to Underperform

    Thursday, June 16, 2016 - 10:58

    Macquarie incorporates the Mt Marion lithium project into earnings forecasts, lowering its rating to Underperform from Neutral after the strong share price appreciation this year. Target is raised to $8.30 from $5.35 following the inclusion.

    The broker suspects the market is currently capitalising too high a long-term lithium price into the stock but notes Mt Marion could provide as much as 80% of the current shortfall in the lithium market, valuing the project at $1.10 a share.

    Target price is $8.30 Current Price is $8.95 Difference: minus $0.65 (current price is over target). 
    If MIN 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 $8.88, suggesting upside of 1.2%(ex-dividends)
    The company's fiscal year ends in June.

    FNArena 

    Market sentiment: 0.5

  • UBS rates DXS as Upgrade to Neutral

    Thursday, June 16, 2016 - 10:57

    Sydney's office market is likely to be one of the few growth stories domestically and among global property markets and Dexus is the largest and most liquid office stock but has re-rated after a no vote was cast on the scheme to take over Investa Office ((IOF)), UBS contends.

    The broker upgrades to Neutral from Sell, believing the current price reflects all of the expected asset price growth in the next few months. Target is raised to $8.64 from $7.45.

    Target price is $8.64 Current Price is $8.79 Difference: minus $0.145 (current price is over target). 
    If DXS 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 $8.14, suggesting downside of -9.6%(ex-dividends)
    The company's fiscal year ends in June.

    FNArena

    Market sentiment: -0.2

  • Deutsche Bank rates VAH as Downgrade to Hold

    Thursday, June 16, 2016 - 10:55

    The company has raised over $1bn via a placement and rights issue to strengthen its balance sheet and support operational and structural initiatives. Post the equity raising the lease-adjusted net debt falls in line with Deutsche Bank's target of four times earnings.

    The broker reduces its target to 30c from 44c, after taking into account the dilution from the equity raising and downgrades to Hold from Buy, given the stock is trading close to the target.

    Target price is $0.30 Current Price is $0.26 Difference: $0.04 
    If VAH meets the Deutsche Bank target it will return approximately 15% (excluding dividends, fees and charges). 
    Current consensus price target is $0.33, suggesting upside of 25.6%(ex-dividends)
    The company's fiscal year ends in June.

    FNArena 

    Market sentiment: -0.2
    Companies: AGL ENERGY LIMITED.