agree - hopefully tomorrow we can blow past the $38 (and high 30's) and have something with a 4 in front of it. would look good from technical perspective. looking forward to being updated on the FY , long time in the dark since last update in May - see how close Morgan Stanley are in their forecast. FN arena reporting on 19 SEPT 2022 a BUY from all 7 brokers (Macquarie, Morgans, Credit Suisse, Morgan Stanley, Ord Minnett, Citi and UBS). SP up almost 20% since then $32 vs $37.88
ARISTOCRAT LEISURE LIMITED ((ALL)) Overweight weight by Morgan Stanley.New analysts at Morgan Stanley "assume coverage" of Aristocrat Leisure and begin with an Overweight rating and set a $45 target. While prior coverage is not referenced, this is effectively an upgrade from an Equal-weight rating. The target has risen from $43.
The broker expects a re-rating of Aristocrat Leisure shares based on potential to become a meaningful player in i-Gaming in the US and to navigate a weaker consumer backdrop in that country. Past digital growth is also considered to be sustainable.
Apart from an attractive valuation, the analysts also see potential upside from the pursuit of M&A opportunities or capital management initiatives.
Industry View: In-Line.
COMMENTARYMorgan Stanley forecasts FY22 revenue of $5,499m, a rise of 16% year-on-year, and a 27% increase in earnings (EBITA) to $1,626m, when Aristocrat Leisure reports FY22 results on November 16.
The Overweight rating and target price of $45.00 are retained. Industry view: In-Line.
FORECAST
Morgan Stanley forecasts a full year FY22 EPS of 174.00 cents.
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Last
$57.64 |
Change
0.710(1.25%) |
Mkt cap ! $35.86B |
Open | High | Low | Value | Volume |
$56.93 | $57.68 | $56.28 | $6.719M | 117.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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9 | 235 | $57.62 |
Sellers (Offers)
Price($) | Vol. | No. |
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$57.64 | 138 | 10 |
View Market Depth
No. | Vol. | Price($) |
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6 | 172 | 57.630 |
12 | 365 | 57.620 |
3 | 85 | 57.610 |
11 | 203 | 57.600 |
5 | 166 | 57.590 |
Price($) | Vol. | No. |
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57.650 | 41 | 3 |
57.660 | 107 | 6 |
57.670 | 195 | 4 |
57.680 | 172 | 6 |
57.690 | 220 | 5 |
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