agree - hopefully tomorrow we can blow past the $38 (and high 30's) and have something with a 4 in front of it. would look good from technical perspective. looking forward to being updated on the FY , long time in the dark since last update in May - see how close Morgan Stanley are in their forecast. FN arena reporting on 19 SEPT 2022 a BUY from all 7 brokers (Macquarie, Morgans, Credit Suisse, Morgan Stanley, Ord Minnett, Citi and UBS). SP up almost 20% since then $32 vs $37.88
ARISTOCRAT LEISURE LIMITED ((ALL)) Overweight weight by Morgan Stanley.New analysts at Morgan Stanley "assume coverage" of Aristocrat Leisure and begin with an Overweight rating and set a $45 target. While prior coverage is not referenced, this is effectively an upgrade from an Equal-weight rating. The target has risen from $43.
The broker expects a re-rating of Aristocrat Leisure shares based on potential to become a meaningful player in i-Gaming in the US and to navigate a weaker consumer backdrop in that country. Past digital growth is also considered to be sustainable.
Apart from an attractive valuation, the analysts also see potential upside from the pursuit of M&A opportunities or capital management initiatives.
Industry View: In-Line.
COMMENTARYMorgan Stanley forecasts FY22 revenue of $5,499m, a rise of 16% year-on-year, and a 27% increase in earnings (EBITA) to $1,626m, when Aristocrat Leisure reports FY22 results on November 16.
The Overweight rating and target price of $45.00 are retained. Industry view: In-Line.
FORECAST
Morgan Stanley forecasts a full year FY22 EPS of 174.00 cents.
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agree - hopefully tomorrow we can blow past the $38 (and high...
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Last
$54.29 |
Change
-0.420(0.77%) |
Mkt cap ! $33.75B |
Open | High | Low | Value | Volume |
$54.61 | $54.65 | $53.32 | $11.00M | 203.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 83 | $54.28 |
Sellers (Offers)
Price($) | Vol. | No. |
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$54.31 | 96 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 288 | 54.390 |
3 | 108 | 54.380 |
6 | 175 | 54.370 |
6 | 188 | 54.360 |
4 | 163 | 54.350 |
Price($) | Vol. | No. |
---|---|---|
54.420 | 55 | 2 |
54.430 | 117 | 6 |
54.440 | 1185 | 6 |
54.450 | 196 | 5 |
54.460 | 216 | 5 |
Last trade - 13.16pm 02/09/2024 (20 minute delay) ? |
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