{"id":58973,"date":"2011-10-11T11:57:42","date_gmt":"2011-10-11T00:57:42","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2011\/10\/11\/icarus-signal-new-entries-for-today-79\/"},"modified":"2011-10-11T11:57:42","modified_gmt":"2011-10-11T00:57:42","slug":"icarus-signal-new-entries-for-today-79","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2011\/10\/11\/icarus-signal-new-entries-for-today-79\/","title":{"rendered":"Icarus Signal New Entries For Today"},"content":{"rendered":"

\n\tDaily update on share prices and consensus price targets.<\/p>\n

\n\tBy Rudi Filapek-Vandyck<\/span><\/p>\n

\n\tLast time we saw Caltex<\/span> ((CTX<\/span>)) shares trading above consensus target it was April, when investor sentiment and share market indices peaked for the year. This time around Caltex<\/span> shares have staged a come-back on a weaker Aussie dollar and an apparent rebound in global investor sentiment. The question then remains, of course, how long before we will see the pull back?<\/p>\n

\n\tWe note the most bullish stockbroker in the FNArena<\/span> universe has a price target of $14 which is still some 5% above today's share price, but all others are now at or below today's price. Icarus<\/span> is sounding the alarm bells. Investors better take note.<\/p>\n

\n\tAnother stock that is making a come-back on Icarus<\/span>' radar is accountancy software developer Reckon ((RKN<\/span>)). Reckon has tried a few times to surge above target, of which the last attempt was in August, believe it or not. Reckon is one of a few stand-outs in the local market, offering solid looking double digit earnings growth on the back of cloud computing and cutting out the middle man in its sales network, but everyting<\/span> has a price and Icarus<\/span> would argue the shares looked a better buy near $2.30 than they are near $2.60, and they will be in the future as well.<\/p>\n

\n\t\"\"<\/p>\n

\n\tThe number of stocks trading below but close to consensus target stands at 10, but many of those names have the "corporate acquisition target" label attached. The same applies to the list of stocks trading above target which currently contains 17 names. No doubt, if this week's rally proves to have legs, both lists will welcome many more new names in the sessions ahead.<\/p>\n

\n\tInvestors should consider the information and data are provided for research purposes only.<\/p>\n

\n\tStocks <3% Below Consensus<\/h2>\n\n\n\n
\n\n\n\n\n\n\n\n\n
\n\t\t\t\t\t\t\t\tOrder<\/th>\n\n\t\t\t\t\t\t\t\tSymbol<\/th>\n\n\t\t\t\t\t\t\t\tCurrent Price($)<\/th>\n\n\t\t\t\t\t\t\t\tConsensus Target($)<\/th>\n\n\t\t\t\t\t\t\t\tDifference(%)<\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\t\t\t AUN<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.17<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.20<\/td>\n\n\t\t\t\t\t\t\t\t2.83%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t BKW<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 11.10<\/td>\n\n\t\t\t\t\t\t\t\t$ 11.11<\/td>\n\n\t\t\t\t\t\t\t\t0.05%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\t fxl<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 2.29<\/td>\n\n\t\t\t\t\t\t\t\t$ 2.35<\/td>\n\n\t\t\t\t\t\t\t\t2.62%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\t\t\t MRE<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.87<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.87<\/td>\n\n\t\t\t\t\t\t\t\t0.00%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n\tStocks Above Consensus<\/h2>\n\n\n\n
\n\n\n\n\n\n\n
\n\t\t\t\t\t\t\t\tOrder<\/th>\n\n\t\t\t\t\t\t\t\tSymbol<\/th>\n\n\t\t\t\t\t\t\t\tCurrent Price($)<\/th>\n\n\t\t\t\t\t\t\t\tConsensus Target($)<\/th>\n\n\t\t\t\t\t\t\t\tDifference(%)<\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\t\t\t EXT<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 8.86<\/td>\n\n\t\t\t\t\t\t\t\t$ 8.77<\/td>\n\n\t\t\t\t\t\t\t\t– 1.05%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t RKN<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 2.60<\/td>\n\n\t\t\t\t\t\t\t\t$ 2.56<\/td>\n\n\t\t\t\t\t\t\t\t– 1.54%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n\tTop 50 Stocks Furthest from Consensus<\/h2>\n\n\n\n
\n\n\n\n\n\n\n
\n\t\t\t\t\t\t\t\tOrder<\/th>\n\n\t\t\t\t\t\t\t\tSymbol<\/th>\n\n\t\t\t\t\t\t\t\tCurrent Price($)<\/th>\n\n\t\t\t\t\t\t\t\tConsensus Target($)<\/th>\n\n\t\t\t\t\t\t\t\tDifference(%)<\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\t\t\t FKP<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.50<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.85<\/td>\n\n\t\t\t\t\t\t\t\t70.91%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\t NXS<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.15<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.25<\/td>\n\n\t\t\t\t\t\t\t\t68.97%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n\tTo see the full Icarus<\/span> Signal, please go to this link<\/a><\/p>\n

\n\tTechnical limitations<\/strong><\/p>\n

\n\tIf you are reading this story through a third party distribution channel and you cannot see charts included<\/span>, we apologise<\/span><\/span><\/span>, but technical limitations are to blame.<\/em><\/strong><\/p>\n

\n\tFind out why FNArena<\/span><\/span> subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/p>\n","protected":false},"excerpt":{"rendered":"

Daily update on share prices and consensus price targets.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58973"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=58973"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/58973\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=58973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=58973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=58973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}