Morgan Stanley suspects the company may be at the point of a significant earnings inflection. An investor briefing scheduled for May may be able to outline this potential and prove to be a material positive catalyst, in the broker's view.
Morgan Stanley suggests the company is targeting a return to double-digit EBIT. As consensus is forecasting margins to hold at around 6% through FY19 the broker envisages earnings risk is significantly skewed to the upside.
Overweight rating and Cautious industry view are retained. Target is raised to $12.52 from $11.94.
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Last
$14.90 |
Change
-0.030(0.20%) |
Mkt cap ! $7.860B |
Open | High | Low | Value | Volume |
$15.05 | $15.10 | $14.89 | $21.68M | 1.449M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 900 | $14.90 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$14.97 | 1533 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 900 | 14.900 |
1 | 1624 | 14.890 |
1 | 1127 | 14.860 |
1 | 67 | 14.800 |
1 | 500 | 14.760 |
Price($) | Vol. | No. |
---|---|---|
15.180 | 1600 | 2 |
15.200 | 3110 | 2 |
15.220 | 550 | 1 |
15.300 | 4380 | 2 |
15.380 | 65 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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WOR (ASX) Chart |