Broker Notes: Why analysts name Orica, St Barbara and Computershare to buy now?
$Orica Ltd (ORI.AU)$: Jefferies retains a buy call on Orica's stock.
Ammonium nitrate import prices in Australia reached their highest average level in more than a decade in May, signaling tightness in the domestic market, Jefferies says.
$St Barbara Ltd (SBM.AU)$: Macquarie upgrades St Barbara to outperform from neutral following a better-than-expected 4Q.
"A sale of Simberi, in our view, would be positive for St Barbara as it could ease both the capital burden on the business as well as yield a sale return that could assist growth expenditure at Leonora and Atlantic," Macquarie research says.
$Computershare Ltd (CPU.AU)$ : Morgans increases 15% in target price to A$27.53 and an upgrade in recommendation to add from hold.
Morgans analysts increase their annual EPS forecasts for Computershare for the 2023 and 2024 fiscal years, citing higher bond yields. The analysts say in a note that their forecasts for FY 2022, which ended on June 30, are little changed but that EPS for each of the subsequent two periods will be about 18% higher than they previously anticipated.
Ammonium nitrate import prices in Australia reached their highest average level in more than a decade in May, signaling tightness in the domestic market, Jefferies says.
$St Barbara Ltd (SBM.AU)$: Macquarie upgrades St Barbara to outperform from neutral following a better-than-expected 4Q.
"A sale of Simberi, in our view, would be positive for St Barbara as it could ease both the capital burden on the business as well as yield a sale return that could assist growth expenditure at Leonora and Atlantic," Macquarie research says.
$Computershare Ltd (CPU.AU)$ : Morgans increases 15% in target price to A$27.53 and an upgrade in recommendation to add from hold.
Morgans analysts increase their annual EPS forecasts for Computershare for the 2023 and 2024 fiscal years, citing higher bond yields. The analysts say in a note that their forecasts for FY 2022, which ended on June 30, are little changed but that EPS for each of the subsequent two periods will be about 18% higher than they previously anticipated.
Buy: Also known as strong buy and "on the recommended list." Needless to say, buy is a recommendation to purchase a specific security.
Sell: Also known as strong sell, it's a recommendation to sell a security or to liquidate an asset.
Hold (Neutral): In general terms, a company with a hold recommendation is expected to perform at the same pace as comparable companies or in line with the market.
Underperform: A recommendation that means a stock is expected to do slightly worse than the overall stock market return. Underperform can also be expressed as "moderate sell," "weak hold," and "underweight."
Outperform: Also known as "moderate buy," "accumulate," "add," and "overweight." Outperform is an analyst recommendation meaning a stock is expected to do slightly better than the market return.
Sell: Also known as strong sell, it's a recommendation to sell a security or to liquidate an asset.
Hold (Neutral): In general terms, a company with a hold recommendation is expected to perform at the same pace as comparable companies or in line with the market.
Underperform: A recommendation that means a stock is expected to do slightly worse than the overall stock market return. Underperform can also be expressed as "moderate sell," "weak hold," and "underweight."
Outperform: Also known as "moderate buy," "accumulate," "add," and "overweight." Outperform is an analyst recommendation meaning a stock is expected to do slightly better than the market return.
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