Deutsche Bank- $38.75 PT ($33.70 prev)
UBS- $36.20 ($30.50 prev)
Macquarie- $33.00 ($27.15 prev)
We view Aristocrat's half year result as extremely positive as not only was it 13% above market expectations, the Digital acquisitions (Plarium and Big Fish) are exceeding expectations, the 19% growth in the Class III Gaming Ops installed base was ahead of our forecasts (+10%), and the company is enjoying early success in adjacent markets (Class III stepper and Class II video with VLT to come). The outlook remains positive and the company expects double-digit NPATA growth to continue for the remainder of the year. We maintain our Buy rating with the stock trading at a 22% discount to our valuation of $38.75/share and at 18.9x FY19e earnings.
Deutsche Bank- $38.75 PT ($33.70 prev) UBS- $36.20 ($30.50 prev)...
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Last
$53.77 |
Change
0.160(0.30%) |
Mkt cap ! $33.83B | |||
| Open | High | Low | Value | Volume |
| $53.83 | $53.90 | $53.01 | $3.144M | 58.50K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 199 | $53.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $53.81 | 179 | 8 |
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| Last trade - 10.15am 22/08/2024 (20 minute delay) ? |
| ALL (ASX) Chart |