logo
Ampol Limited (CTXAF) Gets a Buy from Morgan Stanley

Ampol Limited (CTXAF) Gets a Buy from Morgan Stanley

In a report released today, Robert Koh from Morgan Stanley maintained a Buy rating on Ampol Limited, with a price target of A$30.00. The company's shares closed last Friday at $16.30.
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Koh covers the Utilities sector, focusing on stocks such as Origin Energy Limited, AGL Energy , and APA Group. According to TipRanks, Koh has an average return of 4.4% and a 59.21% success rate on recommended stocks.
In addition to Morgan Stanley, Ampol Limited also received a Buy from UBS's Tom Allen in a report issued on July 27. However, on July 24, J.P. Morgan maintained a Hold rating on Ampol Limited (Other OTC: CTXAF).
Based on Ampol Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $16.43 billion and a GAAP net loss of $112.7 million. In comparison, last year the company earned a revenue of $19.13 billion and had a net profit of $470 million
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Why Arista Networks Stock Is Skyrocketing Wednesday
Why Arista Networks Stock Is Skyrocketing Wednesday

Yahoo

timean hour ago

  • Yahoo

Why Arista Networks Stock Is Skyrocketing Wednesday

Arista Networks Inc. (NYSE:ANET) reported better-than-expected second-quarter financial results after markets closed on Tuesday. Revenues increased 30.4% year over year $2.21 billion, versus estimates of $2.11 billion and the management guidance of $2.1 billion. Adjusted EPS jumped to 73 cents from 53 cents a year ago, versus estimates of 65 cents. Gross margin was 65.2% in the second CFO, Chantelle Breithaupt, said, 'Non-GAAP operating income crossed $1 billion for the first time at Arista...' View more earnings on ANET Arista Networks expects third-quarter sales of $2.25 billion versus the consensus of $2.093 billion. Analysts' Reaction Following the impressive earnings report and upbeat guidance, several prominent financial institutions reiterated their positive stance on Arista Networks. Morgan Stanley maintained an Overweight rating, raising its price forecast from $120 to $125. Piper Sandler, while holding a Neutral rating, significantly increased its price forecast from $89 to $143. UBS and Goldman Sachs both maintained Buy ratings, lifting their price forecasts from $115 to $155. Keybanc upheld its Overweight rating, adjusting its price forecast from $115 to $145, while Evercore ISI Group maintained an Outperform rating, raising its forecast from $120 to $150. Needham also maintained a Buy rating, increasing its price forecast from $130 to $155. Price Action: ANET stock is trading higher by 18.1% to $139.50 at last check Wednesday. Read Next:Photo via Shutterstock Latest Ratings for ANET Date Firm Action From To Mar 2022 Wells Fargo Upgrades Equal-Weight Overweight Feb 2022 Morgan Stanley Maintains Equal-Weight Feb 2022 Wells Fargo Maintains Equal-Weight View More Analyst Ratings for ANET View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? ARISTA NETWORKS (ANET): Free Stock Analysis Report This article Why Arista Networks Stock Is Skyrocketing Wednesday originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Morgan Stanley's picks to surprise on earnings rest of the reporting season
Morgan Stanley's picks to surprise on earnings rest of the reporting season

CNBC

time3 hours ago

  • CNBC

Morgan Stanley's picks to surprise on earnings rest of the reporting season

Snowflake and Pinterest are among a handful of companies set to surprise Wall Street when they report earnings, according to Morgan Stanley. Earnings momentum is strong. Nearly three quarters of S & P 500 companies have reported results so far, with about 82% of the names posting beats on earnings estimates, according to FactSet With several big-name reports slated for the month ahead, Morgan Stanley analyst Ronald Ho highlighted more than two dozen companies reporting between Aug. 5 and Sept. 2 that could boast strong earnings results. The stocks he mentioned are each rated overweight by Morgan Stanley analysts and fall within the top two quintiles of the firm's "Earnings Surprise Composite" scores, which consider a stock's earnings forecast, earnings quality and other factors. "In anticipation of the upcoming earnings reports from US and European companies, we highlight stocks with the highest and lowest Earnings Surprise Composite scores," Ho said in a Tuesday note to clients. "Furthermore, we integrate our fundamental analysts' stock ratings to adopt a 'quantamental' approach." Take a look at a selection of the firm's picks below: Of Morgan Stanley's screen, Snowflake came out as the name most likely to post an earnings surprise with a 0.97 composite score. The data cloud company, which will report quarterly results Aug. 27 , has seen shares jump 33% this year. The stock hit a new 52-week high last week Snowflake has seen customer growth driven by its artificial intelligence services integrated into its cloud-based data analytics platform. The company in its fiscal first quarter recorded more than $1 billion in sales for the first time. SNOW 1Y mountain Snowflake performance over the past year. Networking giant Cisco Systems is also likely to post an earnings surprise, according to Morgan Stanley. Analyst Meta Marshall remains overweight on the stock and maintained a price target of $70 ahead of results due Aug. 13 . That suggests 3.7% potential upside from Tuesday's close. Shares are up 14% year to date. "We expect upside to FQ4 results given strong spending data points, particularly as enterprises continue to modernize their infrastructure for AI," Marshall wrote in a Aug. 5 note. "While CSCO valuation has already re-rated, gap is currently 5.2x vs. historical 4.6x average, meaning there is still room for further expansion if AI data points or growth outlook surprise to the upside." Pinterest also joined the list. Shares have rallied about 34% this year, and the company is slated to report on Thursday . The image-sharing platform received an upgrade from Morgan Stanley to overweight from equal weight last month. "We have been monitoring PINS's GPU [graphic processing unit] enabled investments and budding engagement and monetization improvements for multiple quarters," analyst Brian Nowak wrote in the July note. "Heading into 2H, we are turning positive as we think the benefits of these investments are set to drive under-appreciated acceleration and earnings power." Other stocks that turned up on Morgan Stanley's list include ConocoPhillips and retailers Walmart and TJX Companies .

Blue chips in favour ahead of likely Bank of England interest rates cut
Blue chips in favour ahead of likely Bank of England interest rates cut

Yahoo

time3 hours ago

  • Yahoo

Blue chips in favour ahead of likely Bank of England interest rates cut

The FTSE 100 (^FTSE) closed higher on Wednesday ahead of an expected interest rate reduction by the Bank of England on Thursday. The FTSE 100 index closed up 21.58 points, 0.2%, at 9,164.31. The FTSE 250 (^FTMC) ended 24.19 points higher, 0.1%, at 21,925.88 and the AIM All-Share finished up 0.87 of a point, 0.1%, at 764.35. The Bank of England is expected to maintain its quarterly pace of interest rate cuts so far in 2025 with a further quarter-point reduction on Thursday, as it maintains a balance between the trade-off of elevated inflation and softening growth and a cooling labour market. The UK's central bank held interest rates in June at 4.25%, after a 25 basis points cut in May. This followed interest rates cuts in February this year, and November and August 2024, when the base rate was first cut from 5.25%. Analysts at Citi said: 'We expect the MPC to cut the bank rate by 25bps to 4.0%. This outcome is largely consensual by now and priced accordingly. This, however, is where the clarity ends. 'There is little consensus regarding the expectations for content and tone of the MPC communication; the vote split in the committee; the forecast updates; and of course, the subsequent rate path. 'Unless the MPC actively attempts to narrow the range of expectations by displaying a stronger degree of agreement, this situation might not change much after Thursday.' At its June meeting, the nine-member monetary policy committee voted 6-3 in favour of a hold. This time around, analysts expect Catherine Mann to vote for the status quo, with Swati Dhingra likely to put the case for a larger 50 basis points cut. Morgan Stanley said BoE chief economist Huw Pill could vote for a cut 'but our level of confidence is not high'. In addition, Morgan Stanley said Alan Taylor could join Dhingra in voting for a 50bp reduction. In Europe, the CAC 40 (^FCHI) in Paris edged up 0.2%, while the DAX (^GDAXI) 40 in Frankfurt rose 0.3%. In New York, the Dow Jones Industrial Average (^DJI) was up 0.3%, the S&P 500 (^GSPC) was 0.6% higher, and the Nasdaq Composite (^IXIC) advanced 0.8%. Stocks received some support as US President Donald Trump claimed that Washington was 'very close to a deal' to extend a China tariffs truce provided some optimism. Dozens of economies around the world including the EU and India are set to face higher US tariffs on Thursday, as Mr Trump's long-threatened 'reciprocal' duties over trade practices he deems unfair take effect. AJ Bell analyst Danni Hewson said an agreement between Washington and Beijing would 'remove the last remaining big uncertainty around tariffs as a 12 August deadline approaches'. Mr Trump on Wednesday imposed an additional 25% tariff on Indian goods over New Delhi's continued purchase of Russian oil, a key revenue source for Moscow's war in Ukraine. The tariff is set to take effect in three weeks and would be added on top of a separate 25% tariff entering into force on Thursday. Weak economic data on Tuesday raised concerns of an economic slowdown in the US. But Kathleen Brooks, research director at trading group XTB, said 'decent' corporate results in the US and Europe were overshadowing these concerns and the impact of Mr 'Trump's continuing obsession with tariffs'. In a Tuesday interview with CNBC, Mr Trump said he was looking at hitting pharmaceuticals with tolls that eventually reach 250%, while semiconductors were also in the firing line. The pound rose to 1.3343 dollars late on Wednesday afternoon in London, compared to 1.3301 dollars at the equities close on Tuesday. The euro traded at 1.1639 dollars, higher against 1.1579 dollars. Against the yen, the dollar was trading lower at 147.34 yen compared to 147.42 yen. The yield on the US 10-year treasury was at 4.22%, widened from 4.20%. The yield on the US 30-year treasury was 4.81%, stretched from 4.77%. On the FTSE 100 (^FTSE), Hiscox (HSX.L) rose 9.4% as it announced better-than-expected first-half profit and increased its share buyback by 100 million dollars. The Bermuda-based specialist insurer posted pretax profit of 276.6 million dollars for the six months that ended June 30, down 2.4% from 283.5 million dollars a year before, but 30% ahead of 212 million dollars Visible Alpha consensus. 'We have delivered a strong performance in the first half with profitable growth in each of our businesses,' said chief executive Aki Hussain. In addition, Hiscox increased the size of its share buyback to 275 million dollars from 175 million dollars. Meanwhile, Guinness owner Diageo (DGE.L), up 3.9%, and oil major BP (BP.L), up 3.2%, extended gains after Tuesday's well received earnings. But Coca-Cola Europacific Partners (CCEP.L) slumped 9.2% as it cut annual revenue guidance despite a 'solid' first half for the soft drink bottler. The company, which operates in over 30 markets including Australia, Germany, Great Britain and Spain, now expects revenue growth between 3% and 4%, a downgrade from its prior expectation of 4% growth for 2025. Elsewhere, British Airways owner IAG (IAG.L) fell 2.0% after UBS (UBS) downgraded to 'sell' from 'neutral'. IAG has flown high in the last 12 months with shares more than doubling. But UBS suggested this could be as good as it gets, citing concerns over likely slowing momentum in profit growth, North Atlantic yield progression, the UK economic backdrop and changes in the Avios loyalty programme. On the FTSE 250 (^FTMC), Telecom Plus (TEP.L) climbed 2.9% as it reported the integration of TalkTalk customers was going well but TP ICAP (TCAP.L) fell 8.1% as profit fell short of City hopes. The interdealer broker said pre-tax profit in the first half of 2025 edged up 2.5% to £123 million from £120 million a year prior. Adjusted earnings before interest and tax advanced 8.2% to £184 million from £170 million, though Shore Capital Markets said the outcome fell short of consensus of £189 million. Brent (BZ=F) oil was quoted higher at 68.31 dollars a barrel in London on Wednesday, up from 68.04 dollars late on Tuesday. Gold (GC=F) eased to 3,375.48 dollars an ounce against 3,385.82 dollars. The biggest risers on the FTSE 100 (^FTSE) were Hiscox (HSX.L), up 119.0 pence at 1,379.0p, Fresnillo (FRES.L), up 135.0p at 1,655.0p, Diageo (DGE.L), up 79.5p at 1,983.5p, BP (BP.L), up 12.90p at 430.35p and London Stock Exchange (LSEG.L), up 296.0p at 10,100.0p. The biggest fallers on the FTSE 100 were Coca-Cola Europacific Partners (CCEP.L), down 680.0p at 6,710.0p, Coca-Cola HBC (CCH.L), down 270.0p at 3,652.0p, Glencore (GLEN.L), down 16.3p at 284.75p, Relx (REL.L), down 168.00p at 3,646.0p and Pearson (PSON.L), down 43.5p at 1,083.5p. Thursday's local corporate calendar sees half year results from bookmaker Flutter Entertainment (FLTR.L), hotel operator InterContinental Hotels Group (IHG.L) and advertising group WPP (WPP.L). The global economic calendar on Thursday has the UK interest rate decision and weekly jobless claims data in the US. – Contributed by Alliance News Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store