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
- Forums
- ASX - By Stock
- AFG
- Ann: AFG September 2022 Qtr Index
Ann: AFG September 2022 Qtr Index, page-4
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Last
$1.57 |
Change
-0.028(1.72%) |
Mkt cap ! $430.5M |
Open | High | Low | Value | Volume |
$1.60 | $1.61 | $1.56 | $234.2K | 148.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 11928 | $1.57 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.57 | 17968 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 12540 | 1.565 |
10 | 8168 | 1.560 |
9 | 15113 | 1.555 |
8 | 17546 | 1.550 |
6 | 5295 | 1.545 |
Price($) | Vol. | No. |
---|---|---|
1.570 | 18115 | 12 |
1.575 | 6572 | 9 |
1.580 | 22170 | 12 |
1.585 | 6804 | 9 |
1.590 | 52996 | 9 |
Last trade - 13.13pm 16/08/2024 (20 minute delay) ? |
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AFG (ASX) Chart |