Morgans Reaffirms Their Buy Rating on Eagers Automotive Limited (APE)
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Murdoch CFA covers the Financial sector, focusing on stocks such as HUB24 Limited, Pinnacle Investment Management Group Limited, and Netwealth Group Ltd.. According to TipRanks, Murdoch CFA has an average return of 6.9% and a 45.69% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Eagers Automotive Limited with a A$17.82 average price target, representing a 5.38% upside. In a report released on June 19, Morgan Stanley also maintained a Buy rating on the stock with a A$20.00 price target.
Based on Eagers Automotive Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$5.73 billion and a net profit of A$89.08 million. In comparison, last year the company earned a revenue of A$5.03 billion and had a net profit of A$143.34 million
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