An additional news report on the recommendation, valuation, forecast and opinion changes for ASX-listed equities.
In addition to The Australian Broker Call Report, which is published and updated daily (Mon-Fri), FNArena has now added The Australian Broker Call *Extra* Edition, featuring additional sources of research and insights on ASX-listed stocks, also enlarging the number of stocks that make up the FNArena universe.
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COMPANIES DISCUSSED IN THIS ISSUE
Click on a symbol for fast access.
The number next to the symbol represents the number of brokers covering it for this report -(if more than 1)
ACL ANP APT APX ASX BEN CAR CHC DMP ELD ELO EML EVO JHX JLG (2) LGL MNF ORR PBH PGC PLL PME PPS PRN QAN REH SYD TGR UBI WHC
ACL
Healthcare services - Overnight Price:
Goldman Sachs rates ((ACL)) as Buy (1) -
Goldman Sachs left a meeting with
Longer-term, the broker believes it is prudent to assume a sharp tapering of covid testing volumes. Goldman Sachs is currently modelling a decline from 33.0% in FY21 to 24.8% in FY22, which equates to earnings margins of 20.0% and 10.4% respectively.
Buy rating and a target price of
This report was published on
Target price is
If ACL meets the Goldman Sachs target it will return approximately 38% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY21:
Goldman Sachs forecasts a full year FY21 dividend of 0.00 cents and EPS of 42.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.29.
Forecast for FY22:
Goldman Sachs forecasts a full year FY22 dividend of 10.00 cents and EPS of 17.00 cents.
At the last closing share price the estimated dividend yield is 2.87%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.47.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
ANP
Pharmaceuticals & Biotech/Lifesciences - Overnight Price:
Taylor Collison believes FDA feedback to the design of the proposed Phase IIb/III trial of ATL1102 in non-ambulant DMD patients is positive for the US development plans for ATL1102.
However, the broker also believes
The company expects to receive feedback from
Outperform rating and target price of
This report was published on
Target price is
If ANP meets the
The company's fiscal year ends in June.
Forecast for FY21:
Taylor Collison forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 0.70 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 30.00.
Forecast for FY22:
Taylor Collison forecasts a full year FY22 dividend of 0.00 cents and EPS of minus 1.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 19.09.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
APT
Business & Consumer Credit - Overnight Price:
Jarden rates ((APT)) as Initiation of coverage with Buy (1) -
Jarden initiates coverage on
Jarden notes the buy now pay later market is large, but largely fully penetrated in
Jarden highlights the key drivers of Afterpay earnings will be market share gain and increasing repeat customer transactions. The broker also notes the company has potential to monetise its growing e-commerce advertising marketplace.
This report was published on
Target price is
If APT meets the Jarden target it will return approximately minus 3% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is
Forecast for FY21:
Current consensus EPS estimate is -19.3, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY22:
Current consensus EPS estimate is 26.9, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is 436.5.
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
APX
IT & Support - Overnight Price:
To account for a change in reporting currency from AUD to USD,
The broker is also forecasting a large earnings skew to the second half this year with forecast underlying earnings in first half/second half FY2021 of
The broker retains a Hold rating and lowers the target to
This report was released on
Target price is
If APX meets the Bell Potter target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is
The company's fiscal year ends in December.
Forecast for FY21:
Bell Potter forecasts a full year FY21 dividend of 10.00 cents and EPS of 48.30 cents.
At the last closing share price the estimated dividend yield is 0.78%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 26.50.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 49.2, implying annual growth of 18.4%.
Current consensus DPS estimate is 10.0, implying a prospective dividend yield of 0.8%.
Current consensus EPS estimate suggests the PER is 25.2.
Forecast for FY22:
Bell Potter forecasts a full year FY22 dividend of 12.00 cents and EPS of 54.90 cents.
At the last closing share price the estimated dividend yield is 0.94%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 23.32.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 62.1, implying annual growth of 26.2%.
Current consensus DPS estimate is 13.3, implying a prospective dividend yield of 1.1%.
Current consensus EPS estimate suggests the PER is 20.0.
Market Sentiment: 0.4
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
ASX
Wealth Management & Investments - Overnight Price:
JP Morgan rates ((ASX)) as Neutral (3) -
Statistics for May indicate to JP Morgan derivatives have bottomed, as yield curve control has stabilised volumes at what seems a temporary lower step. While cash market value traded showed declines, as expected, versus a year ago, listings held up, notes the analyst.
The Neutral rating is unchanged. The broker changes earnings modestly, and the target price increases to
This report was published on
Target price is
If ASX meets the JP Morgan target it will return approximately minus 6% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is
The company's fiscal year ends in June.
Forecast for FY21:
JP Morgan forecasts a full year FY21 dividend of 215.00 cents and EPS of 239.00 cents.
At the last closing share price the estimated dividend yield is 2.81%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 31.96.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 246.4, implying annual growth of -4.3%.
Current consensus DPS estimate is 223.7, implying a prospective dividend yield of 3.0%.
Current consensus EPS estimate suggests the PER is 30.6.
Forecast for FY22:
JP Morgan forecasts a full year FY22 dividend of 223.00 cents and EPS of 248.00 cents.
At the last closing share price the estimated dividend yield is 2.92%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 30.80.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 251.0, implying annual growth of 1.9%.
Current consensus DPS estimate is 225.2, implying a prospective dividend yield of 3.0%.
Current consensus EPS estimate suggests the PER is 30.1.
Market Sentiment: -0.3
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
BEN
Banks - Overnight Price:
Goldman Sachs rates ((BEN)) as Neutral (3) -
Goldman Sachs has made minor changes to its earnings per share forecasts for
The broker is now forecasting earnings per share of
The Neutral rating and target price of
The report was published on
Target price is
If BEN meets the Goldman Sachs target it will return approximately 1% (excluding dividends, fees and charges).
Current consensus price target is
The company's fiscal year ends in June.
Forecast for FY21:
Goldman Sachs forecasts a full year FY21 EPS of 66.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.56.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 72.1, implying annual growth of 89.0%.
Current consensus DPS estimate is 51.2, implying a prospective dividend yield of 5.0%.
Current consensus EPS estimate suggests the PER is 14.2.
Forecast for FY22:
Goldman Sachs forecasts a full year FY22 EPS of 68.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 15.10.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 72.1, implying annual growth of N/A.
Current consensus DPS estimate is 52.2, implying a prospective dividend yield of 5.1%.
Current consensus EPS estimate suggests the PER is 14.2.
Market Sentiment: 0.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
CAR
Automobiles & Components - Overnight Price:
Goldman Sachs rates ((CAR)) as No Rating (-1) -
Goldman Sachs has noted an upcoming period of considerable change for the Australian auto industry following an acceleration of online auto sales during the covid pandemic.
The broker notes
Goldman Sachs predicts
Goldman Sachs does not provide a rating or target.
This report was published on
Current Price is
Current consensus price target is
The company's fiscal year ends in June.
Forecast for FY21:
Goldman Sachs forecasts a full year FY21 dividend of 53.00 cents and EPS of 59.00 cents.
At the last closing share price the estimated dividend yield is 2.46%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 36.54.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 59.4, implying annual growth of 27.7%.
Current consensus DPS estimate is 50.8, implying a prospective dividend yield of 2.4%.
Current consensus EPS estimate suggests the PER is 36.0.
Forecast for FY22:
Goldman Sachs forecasts a full year FY22 dividend of 56.00 cents and EPS of 67.00 cents.
At the last closing share price the estimated dividend yield is 2.60%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 32.18.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 66.6, implying annual growth of 12.1%.
Current consensus DPS estimate is 54.5, implying a prospective dividend yield of 2.5%.
Current consensus EPS estimate suggests the PER is 32.1.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
CHC
REITs - Overnight Price:
Goldman Sachs rates ((CHC)) as Sell (5) -
The strength of recent revaluations for
When combined with higher levels of near-term development spend than the broker had previously envisaged, these adjustments result in a 13% increase to the broker's FY22 earnings estimate for
But beyond FY22, the broker expects the REIT's state of earnings growth to be hampered by softening commercial asset values, declining development volumes, and fewer opportunities for performance fee recognition.
Sell rating maintained, but the target price is increased to
This report was issued
Target price is
If CHC meets the Goldman Sachs target it will return approximately minus 41% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is
The company's fiscal year ends in June.
Forecast for FY21:
Goldman Sachs forecasts a full year FY21 dividend of 38.00 cents and EPS of 58.00 cents.
At the last closing share price the estimated dividend yield is 2.44%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 26.86.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 57.7, implying annual growth of -22.3%.
Current consensus DPS estimate is 37.9, implying a prospective dividend yield of 2.5%.
Current consensus EPS estimate suggests the PER is 26.5.
Forecast for FY22:
Goldman Sachs forecasts a full year FY22 dividend of 40.00 cents and EPS of 59.00 cents.
At the last closing share price the estimated dividend yield is 2.57%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 26.41.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 72.7, implying annual growth of 26.0%.
Current consensus DPS estimate is 40.1, implying a prospective dividend yield of 2.6%.
Current consensus EPS estimate suggests the PER is 21.0.
Market Sentiment: 0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
DMP
Food, Beverages & Tobacco - Overnight Price:
Jarden rates ((DMP)) as Overweight (2) -
Jarden has increased its earnings per share estimate by 3-4% for FY21-FY23, with the majority of this increase being driven by strong performance in the
Management has indicated a target of over 400 stores for the region by 2032, and Jarden notes the company has a track record of profitable rapid growth in new regions at low capital intensity.
The Overweight rating is retained and the target price increases to
This report was published on
Target price is
If DMP meets the Jarden target it will return approximately minus 14% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is
The company's fiscal year ends in June.
Forecast for FY21:
Jarden forecasts a full year FY21 EPS of 217.20 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 53.78.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 216.2, implying annual growth of 34.3%.
Current consensus DPS estimate is 154.4, implying a prospective dividend yield of 1.3%.
Current consensus EPS estimate suggests the PER is 53.1.
Forecast for FY22:
Jarden forecasts a full year FY22 EPS of 252.30 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 46.29.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 251.4, implying annual growth of 16.3%.
Current consensus DPS estimate is 175.6, implying a prospective dividend yield of 1.5%.
Current consensus EPS estimate suggests the PER is 45.7.
Market Sentiment: -0.1
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
ELD
Agriculture - Overnight Price:
While seasonal tailwinds are strong,
There are no changes to
The Buy rating and the target price of
This report was published on
Target price is
If ELD meets the Bell Potter target it will return approximately 23% (excluding dividends, fees and charges).
Current consensus price target is
The company's fiscal year ends in September.
Forecast for FY21:
Bell Potter forecasts a full year FY21 dividend of 40.00 cents and EPS of 87.40 cents.
At the last closing share price the estimated dividend yield is 3.58%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.77.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 87.0, implying annual growth of 9.0%.
Current consensus DPS estimate is 41.1, implying a prospective dividend yield of 3.8%.
Current consensus EPS estimate suggests the PER is 12.6.
Forecast for FY22:
Bell Potter forecasts a full year FY22 dividend of 40.00 cents and EPS of 69.20 cents.
At the last closing share price the estimated dividend yield is 3.58%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 16.13.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 92.1, implying annual growth of 5.9%.
Current consensus DPS estimate is 45.0, implying a prospective dividend yield of 4.1%.
Current consensus EPS estimate suggests the PER is 11.9.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
ELO
Jobs & Skilled Labour Services - Overnight Price:
Commenting on a recently hosted investor technology day by
The broker also notes the Breathe hard launch remains on track for July in A&NZ.
While Elmo now has access to a
The Buy rating and the target price of $8.85 are both retained.
This report was issue on
Target price is
If ELO meets the
The company's fiscal year ends in June.
Forecast for FY21:
Shaw and Partners forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 36.70 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 12.40.
Forecast for FY22:
Shaw and Partners forecasts a full year FY22 dividend of 0.00 cents and EPS of minus 33.10 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 13.75.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
EML
Business & Consumer Credit - Overnight Price:
Wilsons rates ((EML)) as No Rating (-1) -
The company is expecting one-off legal and advisory costs exceeding -
Wilsons expects any fine to be modest and negative brand impact to be contained. The broker also notes the company appears to be tracking well, with only
The prior Overweight rating and target price of
This report was released on
Current Price is
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
EVO
Education & Tuition - Overnight Price:
The company has pointed to lower-than-expected occupancy rates and a shortage of qualified staff.
The broker has further downgraded FY22 forecasts by -23%, but notes good execution and relief to staffing issues could result in an upside to expectations.
The Buy rating is retained and the target price decreases to NZ$1.22 from NZ$1.90.
This report was published on
Current Price is
The company's fiscal year ends in December.
Forecast for FY21:
Canaccord Genuity forecasts a full year FY21 dividend of 0.93 cents and EPS of 5.21 cents.
At the last closing share price the estimated dividend yield is 1.19%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.97.
Forecast for FY22:
Canaccord Genuity forecasts a full year FY22 dividend of 4.65 cents and EPS of 8.00 cents.
At the last closing share price the estimated dividend yield is 5.97%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 9.75.
This company reports in NZD. All estimates have been converted into AUD by FNArena at present FX values.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
JHX
Building Products & Services - Overnight Price:
JP Morgan rates ((JHX)) as Overweight (1) -
In the
The broker feels upside risk to forecasts could stem from share gains, linked to new product launches. Downside risks include a strengthening Australian dollar, and weaker-than-expected housing construction growth in the US.
The price target is increased to
This report was published on
Target price is
If JHX meets the JP Morgan target it will return approximately 7% (excluding dividends, fees and charges).
Current consensus price target is
The company's fiscal year ends in March.
Forecast for FY22:
JP Morgan forecasts a full year FY22 dividend of 93.52 cents and EPS of 170.47 cents.
At the last closing share price the estimated dividend yield is 2.09%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 26.23.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 169.3, implying annual growth of N/A.
Current consensus DPS estimate is 96.8, implying a prospective dividend yield of 2.2%.
Current consensus EPS estimate suggests the PER is 25.9.
Forecast for FY23:
JP Morgan forecasts a full year FY23 dividend of 118.90 cents and EPS of 198.66 cents.
At the last closing share price the estimated dividend yield is 2.66%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 22.51.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 195.5, implying annual growth of 15.5%.
Current consensus DPS estimate is 114.7, implying a prospective dividend yield of 2.6%.
Current consensus EPS estimate suggests the PER is 22.4.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
Market Sentiment: 0.6
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
JLG
Building Products & Services - Overnight Price:
The broker also believes the group remains in a solid position to deliver strong underlying growth within its core IB&RS division, with CAT works also expected to underpin group performance into FY22.
However, following strong trading, which sees the group now trading on a PE of 49x FY21 and 44x FY22, the broker has downgraded
The price target is increased to
This report was published on
Target price is
If JLG meets the Bell Potter target it will return approximately minus 9% (excluding dividends, fees and charges - negative figures indicate an expected loss).
The company's fiscal year ends in June.
Forecast for FY21:
Bell Potter forecasts a full year FY21 dividend of 4.40 cents and EPS of 8.70 cents.
At the last closing share price the estimated dividend yield is 0.91%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 55.86.
Forecast for FY22:
Bell Potter forecasts a full year FY22 dividend of 4.60 cents and EPS of 9.70 cents.
At the last closing share price the estimated dividend yield is 0.95%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 50.10.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Goldman Sachs rates ((JLG)) as Buy (1) -
Reflecting a stronger CAT revenue contribution, Johns Lyng Group has provided updated FY21 guidance, which implies a 5% upgrade to Goldman Sachs's prior earnings forecast.
However, the broker also expects strong growth in business-as-usual operations to continue into FY22 off a high base, and has increased FY21, FY22, and FY23 earnings per share forecasts by 6%, 14%, and 15% respectively.
The broker likes Johns Lyng Group for its steady, long-term growth drivers, including growth in annuity-style earnings, and significant opportunity to grow strata management earnings.
The Buy rating is maintained and the target price increases 27% to
This report was published on
Target price is
If JLG meets the Goldman Sachs target it will return approximately 3% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY21:
Goldman Sachs forecasts a full year FY21 dividend of 5.00 cents and EPS of 9.50 cents.
At the last closing share price the estimated dividend yield is 1.03%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 51.16.
Forecast for FY22:
Goldman Sachs forecasts a full year FY22 dividend of 6.00 cents and EPS of 11.00 cents.
At the last closing share price the estimated dividend yield is 1.23%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 44.18.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
LGL LYNCH GROUP HOLDING LIMITED
Agriculture - Overnight Price:
Jarden rates ((LGL)) as Buy (1) -
Following a materially stronger demand and pricing backdrop in
As a result, Jarden has upgraded forecasts by around 10% to $31.6m, and by around 5% beyond.
Buy rating is retained, and target price increases to
This report was published on
Target price is
If LGL meets the Jarden target it will return approximately 36% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY21:
Jarden forecasts a full year FY21 dividend of 0.00 cents and EPS of 34.60 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.55.
Forecast for FY22:
Jarden forecasts a full year FY22 dividend of 17.37 cents and EPS of 35.40 cents.
At the last closing share price the estimated dividend yield is 4.76%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 10.31.
This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
MNF
Telecommunication - Overnight Price:
The company further outlined the equity raised from the sale would be used to fund the next stage of MNF Group's Asian expansion. The broker notes these actions indicate positive momentum for
The company maintains FY21 earnings guidance of
This report was published on
Target price is
If MNF meets the
The company's fiscal year ends in June.
Forecast for FY21:
Canaccord Genuity forecasts a full year FY21 dividend of 7.00 cents and EPS of 22.00 cents.
At the last closing share price the estimated dividend yield is 1.35%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 23.64.
Forecast for FY22:
Canaccord Genuity forecasts a full year FY22 dividend of 10.00 cents and EPS of 27.00 cents.
At the last closing share price the estimated dividend yield is 1.92%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 19.26.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
ORR
Gold & Silver - Overnight Price:
Following the recent and significant milestone for
A preliminary schedule has been finalised outlining detailed definitive feasibility study (DFS) works for the second half of this year, with financing, front-end engineering and design (FEED), early works and construction expected in calendar year 2022.
The DFS will aim to refine what the broker considers is already a robust mine plan that was outlined in the preliminary feasibility study (PFS) completed in 2017.
The broker believes the company is about to enter a phase of multiple potential catalysts for the share price as the high quality Nyanzaga project advances towards production.
Buy and target price of
This report was published on
Target price is
If ORR meets the
The company's fiscal year ends in June.
Forecast for FY21:
Canaccord Genuity forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 2.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 39.00.
Forecast for FY22:
Canaccord Genuity forecasts a full year FY22 dividend of 0.00 cents and EPS of minus 1.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 78.00.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
PBH
Gaming - Overnight Price:
Goldman Sachs rates ((PBH)) as Buy (1) -
Goldman Sachs views Pointsbet Holdings' recently announced agreement with the
The broker notes Pointsbet now has direct market access to 15 states in the US, placing it on track for its target of being operational in 18 US states by the end of calendar year 2022.
Buy rating and target price of
This report was published on
Target price is
If PBH meets the Goldman Sachs target it will return approximately 39% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY21:
Goldman Sachs forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 83.40 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 14.78.
Forecast for FY22:
Goldman Sachs forecasts a full year FY22 dividend of 0.00 cents and EPS of minus 55.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 22.42.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
PGC
Medical Equipment & Devices - Overnight Price:
Trading conditions improved through the third quarter with earnings of
Outperform rating maintained, and the price target increases to
This report was published on
Target price is
If PGC meets the
The company's fiscal year ends in June.
Forecast for FY21:
Taylor Collison forecasts a full year FY21 dividend of 0.00 cents and EPS of 3.20 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.75.
Forecast for FY22:
Taylor Collison forecasts a full year FY22 dividend of 1.60 cents and EPS of 4.00 cents.
At the last closing share price the estimated dividend yield is 5.71%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.00.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
PLL
New Battery Elements - Overnight Price:
The company also expects an increase in capital expenditure based on the larger project scale.
Canaccord Genuity highlights project design changes including in-pit crushing and conveyancing reducing truck haulage, relocation of the chemical plant, employment of alkaline pressure leach mineral conversion, solar power and expanded by-product capacity.
While the economic benefits of these changes are yet to be quantified, the broker notes they may result in a significantly lower carbon footprint.
The Speculative Buy rating and target price of
This report was published on
Target price is
If PLL meets the
Forecast for FY21:
Canaccord Genuity forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 0.01 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 9100.00.
Forecast for FY22:
Canaccord Genuity forecasts a full year FY22 dividend of 0.00 cents and EPS of 0.00 cents.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
PME
Medical Equipment & Devices - Overnight Price:
Goldman Sachs rates ((PME)) as Buy (1) -
The company has also reiterated that its pipeline remains strong, and Goldman Sachs is modeling forecasts on an expected five contract wins per year with an average minium size of
The broker notes this reflects recent order momentum and supports the increasing validation of Pro Medius' technology. The company has won its last six major tenders and now holds contracts with five of the top ten hospitals in the US.
The Buy rating and target price of
This report was published on
Target price is
If PME meets the Goldman Sachs target it will return approximately minus 6% (excluding dividends, fees and charges - negative figures indicate an expected loss).
The company's fiscal year ends in June.
Forecast for FY21:
Goldman Sachs forecasts a full year FY21 EPS of 32.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 179.00.
Forecast for FY22:
Goldman Sachs forecasts a full year FY22 EPS of 56.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 102.29.
Market Sentiment: -0.5
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
PPS
Wealth Management & Investments - Overnight Price:
Following a move by the
The change allows the broker to value the domestic and international businesses separately.
The broker notes the Australian business is highly profitable and growing. Praemium holds 1.8% of market share, and the business added an additional
The
The Buy rating is retained and the target price increases to
This report was published on
Target price is
If PPS meets the
The company's fiscal year ends in June.
Forecast for FY21:
Canaccord Genuity forecasts a full year FY21 dividend of 0.00 cents and EPS of 2.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 49.00.
Forecast for FY22:
Canaccord Genuity forecasts a full year FY22 dividend of 0.00 cents and EPS of 3.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 32.67.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
PRN
Mining Sector Contracting - Overnight Price:
The project has a mine life of 12.5 years and Canaacord notes potential for a contract extension. The Buy rating and target price of
This report was published on
Target price is
If PRN meets the
The company's fiscal year ends in June.
Forecast for FY21:
Canaccord Genuity forecasts a full year FY21 dividend of 7.00 cents and EPS of 11.50 cents.
At the last closing share price the estimated dividend yield is 9.46%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 6.43.
Forecast for FY22:
Canaccord Genuity forecasts a full year FY22 dividend of 7.00 cents and EPS of 11.90 cents.
At the last closing share price the estimated dividend yield is 9.46%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 6.22.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
QAN
JP Morgan rates ((QAN)) as Overweight (1) -
Additionally, the analyst draws comfort from a strong relative balance sheet positioning, and a more favourable competitive position (both domestically and internationally). The Overweight rating and
This report was published on
Target price is
If QAN meets the JP Morgan target it will return approximately 18% (excluding dividends, fees and charges).
Current consensus price target is
The company's fiscal year ends in June.
Forecast for FY21:
JP Morgan forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 0.85 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 570.59.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -68.7, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY22:
JP Morgan forecasts a full year FY22 dividend of 0.00 cents and EPS of minus 1.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 485.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 20.7, implying annual growth of N/A.
Current consensus DPS estimate is 4.3, implying a prospective dividend yield of 0.9%.
Current consensus EPS estimate suggests the PER is 22.8.
Market Sentiment: 0.7
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
REH
Furniture & Renovation - Overnight Price:
JP Morgan rates ((REH)) as Underweight (5) -
In the
While there is ample scope to grow the position in the US over time, the US market is highly competitive with pure-play wholesale distributors and big box stores all fighting for share, explains the broker.
The Underweight rating is retained and the target price increases to
This report was published on
Target price is
If REH meets the JP Morgan target it will return approximately minus 41% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is
The company's fiscal year ends in June.
Forecast for FY21:
JP Morgan forecasts a full year FY21 dividend of 15.00 cents and EPS of 49.00 cents.
At the last closing share price the estimated dividend yield is 0.65%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 47.27.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 40.3, implying annual growth of 1.0%.
Current consensus DPS estimate is 17.5, implying a prospective dividend yield of 0.8%.
Current consensus EPS estimate suggests the PER is 56.8.
Forecast for FY22:
JP Morgan forecasts a full year FY22 dividend of 21.00 cents and EPS of 52.00 cents.
At the last closing share price the estimated dividend yield is 0.91%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 44.54.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 49.8, implying annual growth of 23.6%.
Current consensus DPS estimate is 23.4, implying a prospective dividend yield of 1.0%.
Current consensus EPS estimate suggests the PER is 46.0.
Market Sentiment: -0.8
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
SYD
Infrastructure & Utilities - Overnight Price:
JP Morgan rates ((SYD)) as Neutral (3) -
The broker's list of negatives includes the company is expected to become a tax-paying entity in 2024 and its inter-entity loan will reset upon expiry in late 2023. Also, the opening of
The
This report was published on
Target price is
If SYD meets the JP Morgan target it will return approximately minus 27% (excluding dividends, fees and charges - negative figures indicate an expected loss).
Current consensus price target is
The company's fiscal year ends in December.
Forecast for FY21:
JP Morgan forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 1.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 783.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -4.2, implying annual growth of N/A.
Current consensus DPS estimate is 1.4, implying a prospective dividend yield of 0.2%.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY22:
JP Morgan forecasts a full year FY22 dividend of 18.00 cents and EPS of 6.00 cents.
At the last closing share price the estimated dividend yield is 2.30%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 130.50.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 6.6, implying annual growth of N/A.
Current consensus DPS estimate is 16.5, implying a prospective dividend yield of 2.1%.
Current consensus EPS estimate suggests the PER is 117.0.
Market Sentiment: 0.2
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
TGR
Aquaculture - Overnight Price:
Goldman Sachs rates ((TGR)) as Buy (1) -
Supported by tightening supply demand domestically and offshore, and a 25% increase in salmon export prices in AUD terms, from the lows at the end of first half 2021, Goldman Sachs believes the operating environment is improving in FY22 for
The broker expects a recovery in domestic wholesale and export markets as demand in these channels returns to pre-covid levels.
Goldman Sachs expects a -10% contraction in supply from
The Buy rating is unchanged and the target price increases to
This report was published on
Target price is
If TGR meets the Goldman Sachs target it will return approximately 19% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY21:
Goldman Sachs forecasts a full year FY21 dividend of 12.90 cents and EPS of 23.50 cents.
At the last closing share price the estimated dividend yield is 3.74%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.68.
Forecast for FY22:
Goldman Sachs forecasts a full year FY22 dividend of 15.40 cents and EPS of 28.00 cents.
At the last closing share price the estimated dividend yield is 4.46%.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 12.32.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
UBI UNIVERSAL BIOSENSORS, INC
Medical Equipment & Devices - Overnight Price:
Sequoia rates ((UBI)) as Buy (1) -
Sequoia believes Universal Biosensors' technical success with
But the broker reminds investors that most of the company's products are in launch, or relaunch mode, which increases the possibility the actual results achieved could be significantly higher, or lower than assumptions and forecasts.
The broker will fine tune forecasts as better information and quarterly results become available.
Sequoia reiterates a Buy rating, and a 24-month target price of
This report was issued
Target price is
If UBI meets the Sequoia target it will return approximately 61% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY21:
Sequoia forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 3.40 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 25.88.
Forecast for FY22:
Sequoia forecasts a full year FY22 dividend of 0.00 cents and EPS of minus 2.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 44.00.
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
WHC
Coal - Overnight Price:
JP Morgan rates ((WHC)) as Neutral (3) -
JP Morgan retains a Neutral rating for
The company is currently enjoying top-of-the-cycle thermal coal prices though recent operating performance has been patchy, explains the broker. Balance sheet debt reduction is expected to be the main recipient of high free cashflow.
This report was published on
Target price is
If WHC meets the JP Morgan target it will return approximately 5% (excluding dividends, fees and charges).
Current consensus price target is
The company's fiscal year ends in June.
Forecast for FY21:
JP Morgan forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 5.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 40.00.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is -6.2, implying annual growth of N/A.
Current consensus DPS estimate is N/A, implying a prospective dividend yield of N/A.
Current consensus EPS estimate suggests the PER is N/A.
Forecast for FY22:
JP Morgan forecasts a full year FY22 dividend of 0.00 cents and EPS of 39.00 cents.
At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 5.13.How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 18.2, implying annual growth of N/A.
Current consensus DPS estimate is 4.0, implying a prospective dividend yield of 2.0%.
Current consensus EPS estimate suggests the PER is 11.2.
Market Sentiment: 0.9
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
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