A bit of support from Macquarie Bank per FNArena
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Macquarie rates AFG as Outperform (1) -
While Home Loan lodgements for Australian Finance Group declined by -21% in the September quarter, Macquarie makes no changes to its earnings forecasts or its $2.09 target price.
The broker has confidence earnings will increase as cash rates stabilise and housing markets settle, and retains its Outperform rating.
Target price is $2.09 Current Price is $1.68 Difference: $0.41
If AFG meets the Macquarie target it will return approximately 24% (excluding dividends, fees and charges).
The company's fiscal year ends in June.
Forecast for FY23:
Forecast for FY24:
Column 1 0 Macquarie forecasts a full year FY23 dividend of 16.50 cents and EPS of 20.60 cents.At the last closing share price the estimated dividend yield is 9.82%.At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 8.16.
Column 1 0 Macquarie forecasts a full year FY24 dividend of 16.90 cents and EPS of 21.80 cents.At the last closing share price the estimated dividend yield is 10.06%.At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.71.
Market Sentiment: 1.0
All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Ann: AFG September 2022 Qtr Index, page-4
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Last
$1.41 |
Change
-0.020(1.40%) |
Mkt cap ! $380.4M | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.43 | $1.38 | $359.6K | 256.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1514 | $1.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.42 | 3800 | 2 |
View Market Depth
| Last trade - 16.10pm 23/05/2024 (20 minute delay) ? |
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Last
$1.42 |
Change
-0.020 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| $1.40 | $1.43 | $1.38 | 52933 | ||
| Last updated 15.59pm 23/05/2024 ? | |||||
| AFG (ASX) Chart |