Australian Broker Call

Morgans rates ACF as Add (1) -

Acrow Formwork and Construction Services has upgraded FY22 earnings guidance. Morgans notes this is the fourth upgrade since the original guidance was provided at the results in August 2021.

The broker remains positive about the outlook for the next few years and raises the target to $0.76 from $0.72. Add maintained.

The company continues to experience high levels of activity in commercial construction while the main downside risks include changes to government policies that could cancel or delay civil infrastructure projects.

Target price is $0.76 Current Price is $0.53 Difference: $0.23
If ACF meets the Morgans target it will return approximately 43% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: 1.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Macquarie rates BAP as Outperform (1) -

After reviewing US peer Genuine Parts Company, Macquarie believes the outlook is supportive for Bapcor and now sees upside risk to earnings.

First quarter Australasian sales for Genuine Parts Company grew 10% versus the previous corresponding period, despite covid and the impact of floods, explains the analyst.

The broker estimates Bapcor is on track to meet FY22 guidance. The target rises to $8.25 from $8.00 and the Outperform rating is maintained.

Target price is $8.25 Current Price is $6.76 Difference: $1.49
If BAP meets the Macquarie target it will return approximately 22% (excluding dividends, fees and charges).

Current consensus price target is $8.09, suggesting upside of 20.6% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: 0.9

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates BAP as Buy (1) -

Ord Minnett notes the company has faced several challenges in the first half, including disruptions to trade and supply chain.

These impacts are likely to ease in the second half and, going forward, earnings growth is expected to be driven by the trade auto parts businesses and expansion of the store network in Australasia.

Operating margins should also improve through increased own-brand sales. Buy rating and $8.60 target maintained.

Target price is $8.60 Current Price is $6.76 Difference: $1.84
If BAP meets the Ord Minnett target it will return approximately 27% (excluding dividends, fees and charges).

Current consensus price target is $8.09, suggesting upside of 20.6% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: 0.9

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

UBS rates BHP as Neutral (3) -

Following March quarter production results for BHP Group, management maintains FY22 production and unit cost guidance for Iron Ore and Metallurgical Coal though trims Copper and Nickel. 

UBS maintains its $43 target price despite lowering FY23 and FY24 EPS estimates by -15-17% to allow for changes to production and cost guidance as well as hangers to the BHP Mitsui Coal disposal.

A period of elevated cash returns will be balanced by falling prices for iron ore, copper and met coal, explains the analyst, and the Neutral rating is retained.

Target price is $43.00 Current Price is $48.49 Difference: minus $5.49 (current price is over target).
If BHP meets the UBS target it will return approximately minus 11% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $52.26, suggesting upside of 14.1% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Forecast for FY23:

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 0.6

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

UBS rates BXB as Buy (1) -

Group sales growth for Brambles in the 3Q was up 8% in constant currency terms, showing consistency with the 9% and 7% in the first and second quarters, respectively, notes UBS. FY22 sales guidance is thought to imply a similar 4Q.

Pricing was entirely responsible for strong growth in the  CHEP Americas division, providing the analyst with confidence margins are at least partially protected during inflationary times.

The broker raises its price target to $13.25 from $13 and retains its Buy rating.

Target price is $13.25 Current Price is $10.73 Difference: $2.52
If BXB meets the UBS target it will return approximately 23% (excluding dividends, fees and charges).

Current consensus price target is $11.78, suggesting upside of 11.1% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Forecast for FY23:

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 0.4

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

UBS rates COL as Neutral (3) -

As Coles Group is due to report 3Q sales on April 28, UBS estimates total sales of $9.062bn, up 3.5% versus the previous corresponding period, and in-line with the consensus estimate of $9.055bn.

The broker retains its Neutral rating and $17.25 target price.

Target price is $17.25 Current Price is $18.83 Difference: minus $1.58 (current price is over target).
If COL meets the UBS target it will return approximately minus 8% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $18.81, suggesting upside of 0.6% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: 0.5

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Credit Suisse rates DOW as Neutral (3) -

Downer EDI is expected to outline its opportunities when the investor briefing is held on April 27 although the disruptions caused by covid and wet weather on the east coast are expected to be canvassed as well.

Credit Suisse expects weakness in the share price in the short term but retains a Neutral rating as the issues should not impact on FY23. Target is steady at $5.40.

Target price is $5.40 Current Price is $5.50 Difference: minus $0.1 (current price is over target).
If DOW meets the Credit Suisse target it will return approximately minus 2% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $6.18, suggesting upside of 20.9% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: 0.6

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

UBS rates EVN as Sell (5) -

UBS reduces its price target for Evolution Mining to $4.13 from $4.23 on a lower forecast for FY22 gold production, following a weak 3Q update and lower FY22 guidance.

Gold production was a -16% miss versus the analyst's forecast, while all-in sustaining costs (AISC) were -36% higher than estimated on covid, wet weather and supply chian pressures. FY22 guidance was reduced to 650koz from 670koz. 

Target price is $4.13 Current Price is $4.17 Difference: minus $0.04 (current price is over target).
If EVN meets the UBS target it will return approximately minus 1% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $4.33, suggesting upside of 5.2% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: -0.4

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Macquarie rates GUD as Outperform (1) -

After reviewing US peer Genuine Parts Company, Macquarie believes G.U.D. Holdings is well on track to meet recently reiterated guidance.

First quarter Australasian sales for Genuine Parts Company grew 10% versus the previous corresponding period, despite covid and the impact of floods, explains the analyst.

The broker considers the current valuation for G.U.D. Holdings is undemanding, with the target price raised to $16.95 from $16.85. The Outperform rating is maintained. 

Target price is $16.95 Current Price is $12.90 Difference: $4.05
If GUD meets the Macquarie target it will return approximately 31% (excluding dividends, fees and charges).

Current consensus price target is $15.67, suggesting upside of 22.6% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: 1.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgans rates GWA as Downgrade to Hold from Add (3) -

Lower valuation multiples mean Morgans reduces its estimates for EBITDA, lowering the target to $2.40 from $3.13. The broker downgrades to Hold from Add pending further detail on growth strategies.

Morgans acknowledges the stock is trading near its historically low PE multiples and the dividend yield remains attractive yet believes longer-term investors wanting exposure to the building materials sector can find more compelling value in alternatives to GWA Group, such as Reliance Worldwide ((RWC)) and Reece ((REH)).

Target price is $2.40 Current Price is $2.34 Difference: $0.06
If GWA meets the Morgans target it will return approximately 3% (excluding dividends, fees and charges).

Current consensus price target is $2.80, suggesting upside of 22.3% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: 0.3

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Credit Suisse rates HUB as Outperform (1) -

After deep analysis, Credit Suisse is increasingly convinced about the opportunities for HUB24. The stock is the preferred platform exposure, with an Outperform rating and upgraded target, to $39 from $36.

Credit Suisse envisages opportunities for efficiencies by removing duplicate platforms and taking its custody function in house.

There are structural and cultural differences between the company and its rival Netwealth ((NWL)) and the broker assesses there are opportunities for HUB24 to take the initiative and reduce the gap, although this is unlikely to close completely.

Also, the ongoing recovery in the Australian platform market bodes well for both players.

Target price is $39.00 Current Price is $24.13 Difference: $14.87
If HUB meets the Credit Suisse target it will return approximately 62% (excluding dividends, fees and charges).

Current consensus price target is $33.87, suggesting upside of 42.0% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: 1.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates IRE as Hold (3) -

Iress will not sell the UK mortgage sales and originations business. Ord Minnett believes this decision stems from a reduction in financial technology valuations that has occurred since it was put up for sale in June 2021.

The company has also reaffirmed guidance for $13-14m of net profit from this business in 2022, as part of its overall $74-81m underlying net profit guidance.

As the stock is trading around valuation and there is a lack of visibility on growth Ord Minnett retains a Hold rating while increasing the target to $11.58 from $11.24.

Target price is $11.58 Current Price is $11.18 Difference: $0.4
If IRE meets the Ord Minnett target it will return approximately 4% (excluding dividends, fees and charges).

Current consensus price target is $11.71, suggesting upside of 6.8% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: 0.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Citi rates MIN as Buy (1) -

In the March quarter, Mineral Resources delivered higher iron ore production and lower spodumene, compared with expectations. Cost guidance has been maintained. Citi is looking forward to a follow-up on the Lockyer Deep-1 gas well.

Meanwhile, shipments of iron ore from Yilgarn are on track to achieve guidance for FY22 and Ashburton is still expecting a final investment decision from the partners in June.

At Mount Marion mining continued through the transitional ore and ore mined was down -33%. The re-start of train 1 at Wodgina is progressing, with first spodumene expected in May. Buy rating retained. Target is reduced to $73 from $76.

Target price is $73.00 Current Price is $60.70 Difference: $12.3
If MIN meets the Citi target it will return approximately 20% (excluding dividends, fees and charges).

Current consensus price target is $66.61, suggesting upside of 21.1% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: 1.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgan Stanley rates MIN as Overweight (1) -

Mineral Resources' average realised iron ore price of US$101/t for the March quarter compared to US$88/t forecast by Morgan Stanley. It's estimated price realisation will offset any weakness in iron ore shipments, and also for lithium shipments at Mt Marion.

Management maintained FY22 iron ore shipment guidance. 

Production was -17% below the broker's estimate at Mt Marion during the quarter, as the project mined transitional ore, leading to greater waste movement, explains the analyst.

The Overweight rating and $56 target price are maintained. Industry view: Attractive.

Target price is $56.00 Current Price is $60.70 Difference: minus $4.7 (current price is over target).
If MIN meets the Morgan Stanley target it will return approximately minus 8% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $66.61, suggesting upside of 21.1% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: 1.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgans rates NHC as Add (1) -

Morgans upgrades thermal coal price assumptions which drives upgrades to its estimates. The FY22-24 coal price assumption is lifted by 24-42% and the long-term price to US$80/t. This reflects long-term supply tightness in low ash/high-energy coal.

The broker acknowledges its forecasts are ahead of consensus views, which it believes, despite rising sharply over the past month, have potential to move even higher.

Meanwhile, March quarter production from Hunter Valley peers has been more resilient despite the wet weather. Add rating maintained. Target is $3.67, up from $3.40.

Target price is $3.67 Current Price is $3.32 Difference: $0.35
If NHC meets the Morgans target it will return approximately 11% (excluding dividends, fees and charges).

Current consensus price target is $3.64, suggesting upside of 12.4% (ex-dividends)

The company's fiscal year ends in July.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: 1.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Credit Suisse rates NWL as Outperform (1) -

After deep analysis, Credit Suisse reiterates an Outperform rating for Netwealth Group. The broker believes the business has the best cost metrics.

There are structural and cultural differences between the company and its rival HUB24 ((HUB)) and Credit Suisse believes while there are opportunities for the gap to narrow it is unlikely to close.

Also, the ongoing recovery in the Australian platform market bodes well for both players. Target is steady at $16.75.

Target price is $16.75 Current Price is $13.10 Difference: $3.65
If NWL meets the Credit Suisse target it will return approximately 28% (excluding dividends, fees and charges).

Current consensus price target is $16.04, suggesting upside of 23.5% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: 0.5

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Citi rates OZL as Buy (1) -

Production was lower than Citi expected in the March quarter, although the company has confirmed FY22 guidance. Still, the broker suspects reaching 4.5-5.0mt at Prominent Hill will be difficult.

The main positives Citi took from the results were the copper grades at Carrapateena and signs of cave propagation to the surface. The broker retains a Buy rating and $30.50 target. Citi remains bullish on copper for 2022 as global supply appears challenged.

Target price is $30.50 Current Price is $24.55 Difference: $5.95
If OZL meets the Citi target it will return approximately 24% (excluding dividends, fees and charges).

Current consensus price target is $25.61, suggesting upside of 7.8% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: -0.1

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Credit Suisse rates OZL as Underperform (5) -

OZ Minerals has signalled that rainfall in South Australia in January caused a disruption to supplies and, as a result, along with site access restrictions, copper production has missed Credit Suisse expectations. 

Gold production has been in line with estimates for the March quarter.

Growth projects are appear on track and the broker is encouraged by this as the company has signalled there were no supply issues in terms of  quality control on equipment.

Credit Suisse lowers FY22 net profit estimates  by -5% to reflect the production in the March quarter. Underperform maintained on relative valuation while the target is unchanged at $21.

Target price is $21.00 Current Price is $24.55 Difference: minus $3.55 (current price is over target).
If OZL meets the Credit Suisse target it will return approximately minus 14% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $25.61, suggesting upside of 7.8% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: -0.1

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgan Stanley rates OZL as Equal-weight (3) -

Morgan Stanley highlights OZ Minerals' year-to-date production run-rates for copper and gold are lagging FY22 guidance following weak 1Q production figures. 

Production was impacted by covid and weather effects upon underground mining at Prominent Hill, while Carrapateena met production estimates, but had significantly higher-than-forecast costs, explains the analyst.

The broker retains its Equal-weight rating and $26.40 target. Industry view: Attractive.

Target price is $26.40 Current Price is $24.55 Difference: $1.85
If OZL meets the Morgan Stanley target it will return approximately 8% (excluding dividends, fees and charges).

Current consensus price target is $25.61, suggesting upside of 7.8% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: -0.1

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgans rates OZL as Hold (3) -

The company has maintained 2022 guidance despite the disruptions. Morgans observes execution risks appear to be dampening the premium the market had previously applied to the company's growth projects.

A Hold rating is maintained, although Morgans acknowledges macro volatility could uncover buying opportunities.

The broker's 2022 volumes now sit -3-4% below the mid point of guidance although upgrades to price assumptions drive 4-5% upgrades to EBITDA. Target is lifted to $26.65 from $25.69 as a result.

Target price is $26.65 Current Price is $24.55 Difference: $2.1
If OZL meets the Morgans target it will return approximately 9% (excluding dividends, fees and charges).

Current consensus price target is $25.61, suggesting upside of 7.8% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: -0.1

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

UBS rates OZL as Neutral (3) -

Following a soft 1Q for OZ Minerals, UBS lowers its FY22 earnings estimate by -13.8%, as covid and adverse weather impacted production. Copper and gold production were a -9% and -17% miss versus the broker's estimates.

Meanwhile, all-in sustaining costs (AISC) were -30% above the broker's forecast, largely due to lower production, though higher freight charges were also a factor.

Nonetheless, management maintained FY22 guidance on the expectation of improved mining rates and grades.

The Neutral rating is retained and the target slips to $26.50 from $27.10.

Target price is $26.50 Current Price is $24.55 Difference: $1.95
If OZL meets the UBS target it will return approximately 8% (excluding dividends, fees and charges).

Current consensus price target is $25.61, suggesting upside of 7.8% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: -0.1

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgans rates REH as Hold (3) -

Morgans considers Reece a high-quality business with a long track record of growth. Yet, as the valuation appears full, a Hold rating is maintained.

The target is reduced to $18.25 from $20.10 because of lower valuation multiples that reflect a broader de-rating of the sector.

Target price is $18.25 Current Price is $17.28 Difference: $0.97
If REH meets the Morgans target it will return approximately 6% (excluding dividends, fees and charges).

Current consensus price target is $18.54, suggesting upside of 7.8% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: -0.4

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates RMD as Accumulate (2) -

Ahead of the March quarter result on April 29, Ord Minnett remains concerned about the likely reduction in the additional revenue projected as a result of the Philips device recall.

While believing the risk is well understood, the broker does not consider this fully reflected in fourth-quarter estimates. Still, the company is expected to enjoy a permanent market share gain. Accumulate rating and $37 target maintained.

Target price is $37.00 Current Price is $32.30 Difference: $4.7
If RMD meets the Ord Minnett target it will return approximately 15% (excluding dividends, fees and charges).

Current consensus price target is $37.84, suggesting upside of 20.9% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Forecast for FY23:

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 0.8

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgans rates RWC as Add (1) -

Morgans considers Reliance Worldwide offers the best value in the building materials sector, as trading multiples are near historical lows and margins remain healthy while the earnings outlook is solid.

The broker reduces the target to $5.30 from $6.35, reflecting a rolling forward of its model to FY23 forecasts and a lower valuation multiple following a decline in peer trading multiples. Add maintained.

Target price is $5.30 Current Price is $3.93 Difference: $1.37
If RWC meets the Morgans target it will return approximately 35% (excluding dividends, fees and charges).

Current consensus price target is $5.63, suggesting upside of 41.1% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Forecast for FY23:

This company reports in USD. All estimates have been converted into AUD by FNArena at present FX values.

Market Sentiment: 0.4

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgans rates SLH as Add (1) -

Silk Logistics is benefiting from its customers adopting a "just-in-case" scenario rather than a "just-in-time" approach to inventory, Morgans observes.

The company has a good deal of pricing power while labour and warehouse capacity constraints remain the greatest hindrance to growth.

The broker factors in the margin impact of the changing business mix and while downgrades are material, Morgans points out the growth outlook remains strong. The main change is within container logistics amid assumptions around occupancy.

 Add maintained. Target is reduced to $3.25 from $3.31.

Target price is $3.25 Current Price is $2.48 Difference: $0.77
If SLH meets the Morgans target it will return approximately 31% (excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: 1.0

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Morgans rates VEA as Hold (3) -

Retail volumes were flat in the March quarter while the company signalled growth in commercial and stronger refining margins. Morgans is encouraged by the recovery in fuel sales volumes and refining margins and highlights commercial is going from strength to strength.

Liberty remains a source of retail growth and the Alliance network is envisaged defending market share. The broker retains a Hold rating as the stock appears to be trading close to fair value. Target is raised to $2.70 from $2.60.

Target price is $2.70 Current Price is $2.73 Difference: minus $0.03 (current price is over target).
If VEA meets the Morgans target it will return approximately minus 1% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $2.75, suggesting upside of 1.3% (ex-dividends)

The company's fiscal year ends in December.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: 0.8

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

Ord Minnett rates WHC as Buy (1) -

Record cash was generated in the March quarter although production was weaker than Ord Minnett expected. The broker believes the outlook for Whitehaven Coal will be stronger for longer as coal markets are tight and capital returns are underway.

Production guidance is unchanged, which the broker welcomed following prolonged wet weather and disruptions at Narrabri. Ord Minnett lifts average 2022 thermal coal prices by 52% to US$250/t. A Buy rating is reiterated and the target is lifted to $6.00 from $4.60.

Target price is $6.00 Current Price is $4.69 Difference: $1.31
If WHC meets the Ord Minnett target it will return approximately 28% (excluding dividends, fees and charges).

Current consensus price target is $5.70, suggesting upside of 29.5% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: 0.8

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources

UBS rates WOW as Sell (5) -

In anticipation of Woolworths Group's 3Q sales report on May 3, UBS forecasts total sales of $15.181bn, up 10.1% on the previous corresponding period. The consensus estimate figure for total sales is for $15.322bn, according to the analyst.

The Sell rating and $34 target price are retained.

Target price is $34.00 Current Price is $39.32 Difference: minus $5.32 (current price is over target).
If WOW meets the UBS target it will return approximately minus 14% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Current consensus price target is $37.08, suggesting downside of -4.5% (ex-dividends)

The company's fiscal year ends in June.

Forecast for FY22:

Forecast for FY23:

Market Sentiment: 0.1

All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources