Just got this in an email...
Thursday, 20 June 2024HLI - HELIA GROUP LIMITED
Macquarie rates HLI as Upgrade to Outperform from Neutral (1) - Macquarie believes Helia Group is likely to become the exclusive lenders mortgage insurance provider for Commonwealth Bank ((CBA)) including Bankwest, which is currently insured with QBE.
As a result, gross written premium could rise by around 9% the broker highlights.
With the stock having fallen the rating is upgraded to Outperform from Neutral with an unchanged target price of $3.90.
The lower share price should also assist with a quickening in the $100m buyback, the broker notes.
Target price is $3.90 Current Price is $3.34 Difference: $0.56 If HLI meets the Macquarie target it will return approximately 17% (excluding dividends, fees and charges). The company's fiscal year ends in December.
Forecast for FY24:
Macquarie forecasts a full year FY24 dividend of 30.00 cents and EPS of 48.90 cents . At the last closing share price the estimated dividend yield is 8.98%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 6.83.
Forecast for FY25:
Macquarie forecasts a full year FY25 dividend of 20.00 cents and EPS of 41.90 cents . At the last closing share price the estimated dividend yield is 5.99%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 7.97.
Market Sentiment: 0.5All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
Ann: Update on CBA contract, page-58
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Last
$3.95 |
Change
-0.050(1.25%) |
Mkt cap ! $1.144B | |||
| Open | High | Low | Value | Volume |
| $3.93 | $3.98 | $3.92 | $1.725M | 436.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 970 | $3.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.95 | 4759 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| HLI (ASX) Chart |