Macquarie ~~~~ Upgrade to Outperform from Neutral (29/7/13)
The broker notes Flight Centre is one of the most shorted stocks on the market yet the company continues to increase earnings and contributions from the offshore businesses are lifting. Macquarie expects a slow start to FY14 on the slowdown in Australia, although plenty of net cash and a pocket full of franking credits make for a compelling case.
Seeing plenty of potential for either an increased dividend of growth via acquisitions, the recommendation is lifted to Outperform, the broker noting its new target of $53.16 provides plenty of upside.
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Last
$21.92 |
Change
0.300(1.39%) |
Mkt cap ! $4.863B | |||
| Open | High | Low | Value | Volume |
| $21.60 | $21.97 | $21.53 | $12.44M | 569.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 45 | $21.91 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.93 | 2664 | 1 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| FLT (ASX) Chart |