Analysis of Corporate Travel Management, Kogan.com
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Fund Manager Chris Pedersen discusses Tuesday's RBA update, exports and imports, Corporate Travel Management and Kogan.com.
Read MoreFund Manager Chris Pedersen discusses Tuesday's RBA update, exports and imports, Corporate Travel Management and Kogan.com.
Read MoreThe Outperform rating is retained and the target price decreases to $25.80 from $26.70.
Read MoreAfter a strong run for Corporate Travel Management’s share price, Citi downgrades its rating to Neutral from Buy. The target falls to $25.49 from $28.05.
Read MoreThe broker maintains that Corporate Travel Management remains one of the best performing travel stocks. The Buy rating and target price of $28.20 are retained.
Read MoreMorgans target price rises to $29 from $27.36. The Add rating is unchanged.
Read MoreForecasts and the Add rating are left unchanged and the target price to $$27.36 from $25.25.
Read MoreMacquarie upgrades to Outperform from Neutral. Target is raised to $20.75 from $20.05.
Read MoreBuy rating retained. Target rises to $22.00 from $21.10.
Read MoreTwo updates yesterday from mid-level operators Helloworld and Corporate Travel Management suggest a rising degree of optimism about the future for the travel industry.
Read MoreMorgans has resumed coverage of Corporate Travel Management. To avoid confusion for our readers, prior to a blackout period of coverage the broker rated the company as a Hold with a $14.20 price target. Given the hiatus in coverage, FNArena will consider this update as a pseudo initiation of coverage, with an Add rating and target price of $20.50.
Read MoreCorporate Travel Management has raised the $375 million needed to finance the purchase of US firm Travel & Transport Inc. CTM will acquire 100% of Omaha-based Travel & Transport for a cash and debt-free enterprise value of about $US200 million (around $A283 million).
Read MoreThe crisis in the travel and aviation sector worsened yesterday with the Federal government banning all foreigners from entering Australia from midnight tonight and again told Australians returning from overseas that they will have to undergo 14 days of quarantine.
Read MoreThe company has suspended guidance. Costs are being managed, which includes staff leave, shorter working weeks and reductions in discretionary expenditure.
Read MoreThe company has suspended guidance. Costs are being managed, which includes staff leave, shorter working weeks and reductions in discretionary expenditure.
Read MoreWith an increasing number of activist short selling campaigns targeting stocks perceived as overvalued, nervous directors will be asking ‘who’s next?’
Read MoreTrade wars, Brexit and the Hong Kong protests made for a particularly tough first half for Corporate Travel Management, but there are signs of life returning in the second half. The company has reiterated FY guidance and Morgans assumes modest first-half earnings growth followed by double-digit growth in the second half as macro headwinds gradually ease.
Read MoreTrading in the second quarter appears to have improved while the company has reiterated FY20 guidance for 10-16.5% growth in operating earnings.
Read MoreThe collapse of UK travel company, Thomas Cook after 178 years in business will leave an impact across every part of the global holiday and business travel businesses, with costs estimated to easily top $A2 billion.
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