Brokers note James Hardie is trading at a discount to industrials peers, which is increasingly difficult to justify in the wake of a robust first quarter.
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
Brokers suspect several targets set by Suncorp in recent years will not be met and FY20 will be a transition year.
A limited negative reaction to a weak FY19 result for Commonwealth Bank bodes well for the FY20 outlook, brokers suggest, although the stock is considered over-priced.
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
FNArena’s Monitor keeps track of corporate earnings result releases, including broker views, ratings and target price changes and beat/miss assessments.
While Coronado Resources has flagged significant productivity improvements and returned cash to shareholders in FY19, brokers suspect softer near-term coal prices and poor sentiment will weigh on the stock.
Rio Tinto has spread the benefit of surging iron ore prices in the first half but most brokers believe sustaining such a high rate of earnings will be difficult heading into 2020.
Australia’s banking sector is under pressure amid soft loan growth, a squeeze on margins and a reinvestment burden. Brokers are not yet factoring in much of a recovery.