Analysis of a2 Milk and HUB24
Fund Manager Chris Pedersen discusses global markets, best and worst performers in January, the relation between consumer sentiment and recessions, debt to GDP, HUB24 and The a2 Milk Company.
Read MoreTag: HUB
HUB24’s EBITDA surges 45%
HUB24, (ASX:HUB), has announced its financial results for the fiscal year ending June 30, 2023, showcasing robust growth across multiple metrics.
Read MoreHUB – Macquarie rates the stock as Outperform
The Outperform rating is unchanged and the target falls to $32.20 from $32.60.
Read MoreHUB – Macquarie rates the stock as Outperform
The Outperform rating is retained and the target price decreases to $32.60 from $33.50.
Read MoreHUB – Morgans rates the stock as Add
The Add rating is retained and the target price decreases to $32.85 from $34.35.
Read MoreHUB – Citi rates the stock as Buy
Buy rating maintained. Target rises to $35.76 from $32.00.
Read MoreHUB – Credit Suisse rates the stock as Outperform
The Outperform rating is retained and the target price increases to $36.50 from $34.00.
Read MoreHUB – Credit Suisse rates the stock as Outperform
Outperform rating and $31.50 target maintained.
Read MoreHUB – Credit Suisse rates the stock as Outperform
Credit Suisse reiterates an Outperform rating and $27.70 target.
Read MoreHUB – Credit Suisse rates the stock as Upgrade to Outperform
Hub24’s second-quarter funds under administration (FuA) at $22bn were up 16% on a quarterly basis and 3% ahead of Credit Suisse’s forecast. Rating is upgraded to Outperform from Neutral with the target price rising to $26 from $21.50.
Read MoreHUB – Morgans rates the stock as Upgrade to Add from Hold
Morgans believe that Hub24 is acquiring scale and some capability, after the company announced three acquisitions and the divestment of Paragem.
Read MoreHUB – Credit Suisse rates the stock as Outperform
The company has won a new account which will transition around $1bn of funds under administration. Credit Suisse upgrades flow forecasts in the outer years to capture the benefit.
Read MoreHUB – Morgans rates the stock as Add
Hub24’s 75% increase in profit was in line with expectations. Management’s funds under administration target for end-FY21 remains unchanged and is on track. Increased flows year to date are being driven by advisors coming on board, the broker notes.
Read MoreHUB – Credit Suisse rates the stock as Neutral
Credit Suisse downgrades earnings estimates by -3-4%. The broker believes the company has one of the best products in the market and is able to gain market share through capturing an outsized share of flow.
Read MoreRoyal Commission Builds Solid Platform For Independent Wealth Providers
If there’s a clear winner from the murky swamp of revelations uncovered by the banking royal commission, it’s the provider of independent administration and investment platforms for the financial advisory industry.
Read MoreHub24 Building Solid Platform
The news that ANZ Bank will divest most of its wealth management arm to IOOF is sweet music to HUB24 chief Andrew Alcock, because it reflects how the banks are distracted in the all-important ‘platform’ sector.
Read More
