Morgan Stanley Reaffirms Their Buy Rating on Eclipx Group (ECXXF)
In a report released today, Chenny Wang from Morgan Stanley maintained a Buy rating on Eclipx Group (ECXXF – Research Report), with a price target of A$3.90.
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According to TipRanks, Wang is a 4-star analyst with an average return of 4.5% and a 47.22% success rate.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Eclipx Group with a $2.32 average price target.
Based on Eclipx Group's latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $394.13 million and a net profit of $41.42 million. In comparison, last year the company earned a revenue of $349.84 million and had a net profit of $41.63 million
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