On the other hand:
Morgan Stanley analysts say CSL Limited (ASX : CSL) shares could top $350 if their bull case for the company eventuates. Currently trading at over $280, shares in CSL are up nearly 50% since a year ago.
CSL’s market capitalisation
At $350 a share, the market capitalisation of CSL (currently more than $127 billion) would be higher than that of the Commonwealth Bank of Australia (ASX: CBA), which has a market capitalisation of nearly $143 billion. According to The Australian, Morgan Stanley predicts that a scarcity of growth in the large-cap sector of the ASX will help push CSL’s price higher.
The bull case
“Given CSL’s superior ASX relative size, liquidity and growth . . . The market will continue to price delivery of bull case scenarios and longer-term disruption risk will be ignored,” Morgan Stanley said in a note to clients.
The broker has increased the weighting of its bull case from 40% to 45% and reduced the weighting of its bear case from 10% to 5%.
Morgan Stanley’s bull case assumes trials in CSL’s heart attack therapy (CSL 112) go to plan, its haemophilia medicines reach US$1 billion in revenue a year, its HAE franchise reaches US$1 billion in revenue, and efficiency gains of US$70 million a year are realised in plasma centres. The broker has lifted its price target to $290 and remains overweight due to near-term momentum.
Earnings growth
According to The Australian, Morgan Stanley expects a 3-year earnings per share compound annual growth rate of around 13% for CSL. Strong immunoglobulin growth and lower flu returns are predicted to contribute to 2020 net profit at the top end of guidance.
- Forums
- ASX - By Stock
- CSL
- $300 CSL SOON.
$300 CSL SOON., page-139
-
- There are more pages in this discussion • 240 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CSL (ASX) to my watchlist
|
|||||
Last
$292.41 |
Change
-1.465(0.50%) |
Mkt cap ! $141.4B |
Open | High | Low | Value | Volume |
$295.00 | $295.48 | $292.36 | $99.66M | 339.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 57 | $292.37 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$292.43 | 84 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 48 | 292.780 |
6 | 55 | 292.770 |
1 | 13 | 292.760 |
2 | 28 | 292.750 |
1 | 8 | 292.740 |
Price($) | Vol. | No. |
---|---|---|
292.830 | 4 | 1 |
292.840 | 169 | 5 |
292.850 | 87 | 4 |
292.860 | 162 | 7 |
292.870 | 86 | 4 |
Last trade - 14.14pm 19/06/2024 (20 minute delay) ? |
Featured News
CSL (ASX) Chart |
The Watchlist
P.HOTC
HotCopper
Don Currie, CEO
Don Currie
CEO
Previous Video
Next Video
SPONSORED BY The Market Online