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AZJ - Morgans rates the stock as Hold
BY BROKER NEWS - 19/04/2017 | VIEW MORE BROKER UPDATES

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AZJ - AURIZON HOLDINGS LIMITED


Morgans observes, while Cyclone Debbie has caused a material impact on the company's earnings outlook, the valuation impact is immaterial, given the value protections within the network regulatory regime.

The company expects a negative impact on EBIT of $100-115m in FY17, of which $70-80m will be recovered through the regulatory regime.

The broker considers the stock to be fair to fully priced at present, given its growth outlook and risk profile. The backdrop of strong coal prices also is a positive for the company and its customers.

Morgans lifts the target to $4.92 from $4.88. Hold rating retained.

Sector: Transportation.

Target price is $4.92.Current Price is $5.21. Difference: ($0.29) - (brackets indicate current price is over target). If AZJ meets the Morgans target it will return approximately -6% (excluding dividends, fees and charges - negative figures indicate an expected loss).



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The content of this information does in no way reflect the opinions of FN Arena, or of its journalists. In fact we don't have any opinion about the stock market, its value, future direction or individual shares. FN Arena solely reports about what the main experts in the market note, believe and comment on. By doing so we believe we provide intelligent investors with a valuable tool that helps them in making up their own minds, reading market trends and getting a feel for what is happening beneath the surface. This document is provided for informational purposes only. It does not constitute an offer to sell or a solicitation to buy any security or other financial instrument. FN Arena employs very experienced journalists who base their work on information believed to be reliable and accurate, though no guarantee is given that the daily report is accurate or complete. Investors should contact their personal adviser before making any investment decision.

 

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