Whitehaven Coal Limited (WHITF) Receives a Buy from Morgan Stanley
Morgan Stanley analyst Rahul Anand maintained a Buy rating on Whitehaven Coal Limited (WHITF – Research Report) today and set a price target of A$6.20. The company's shares closed last Friday at $3.40.
Confident Investing Starts Here:
Anand covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, Evolution Mining , and Iluka Resources Limited. According to TipRanks, Anand has an average return of 5.8% and a 48.00% success rate on recommended stocks.
Currently, the analyst consensus on Whitehaven Coal Limited is a Moderate Buy with an average price target of $4.13, representing a 21.47% upside. In a report released on May 12, Morgans also maintained a Buy rating on the stock with a A$7.25 price target.
Based on Whitehaven Coal Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.43 billion and a net profit of $77 million. In comparison, last year the company earned a revenue of $1.59 billion and had a net profit of $257.62 million
Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WHITF in relation to earlier this year.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Morgan Stanley says the new 'bull case' for stocks is emerging
-- Morgan Stanley analysts said in a note Thursday that they believe a "new 'bull case' is emerging" for stock markets. It follows a rebound driven by a "near complete reversal on 'reciprocal tariffs' and a successful de-escalation of trade tensions with China within the last 30 days." The bank says the recovery has allowed risk markets to fully regain ground from their post-"Liberation Day" drawdown, with year-to-date returns now in the "green." Morgan Stanley notes that the S&P 500 stands at approximately 6,000, roughly 2.3% off its February 19 all-time highs, while the NASDAQ has "surged more than 25% from its lows." Market volatility, as measured by the VIX, "has sharply decreased, with readings now below its five-year average," wrote the bank. According to Morgan Stanley, this emerging "bull case" is premised on several key beliefs. First, the "belief that tariffs are a non-event, manageable unknown," and secondly, the "belief that 2025 earnings don't matter," with "earnings revisions for 2026 turning less negative," and a weak U.S. dollar seen as a positive. Furthermore, there is the "belief that inflation risks are over-estimated; low oil prices a tailwind; Fed will commence rate cutting soon," the "belief in front end loaded corporate tax cuts" driving a "capex and productivity boom," and the conviction that "Gen AI is in the very early innings." Morgan Stanley notes that "2026 S&P 500 earnings are expected to show accelerating growth from 2025's 7-8% to 13-14%." However, they also caution that the recovery of equity valuations has pushed the price-to-forward earnings ratio above "21.5x," and the "equity risk premium sits at a paltry 6bps." Risks are said to include steepening "Global yield curves" and widening U.S. budget deficits, which Morgan Stanley views as a potential "headwind to American Exceptionalism." Related articles Morgan Stanley says the new 'bull case' for stocks is emerging Barclays sees 5-10% upside for U.S. defense on stronger European budgets FTSE 100 today: shares gain as U.K. GDP falls; Pound above $1.35; Tesco gains 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
Yahoo
2 hours ago
- Yahoo
Quantum stocks higher as Nvidia CEO sees ‘inflection point'
Quantum computing technology is at an inflection point, Nvidia (NVDA) CEO Jensen Huang told the VivaTech conference in Paris on Wednesday, adding that quantum computing will solve 'some interesting problems' in the coming years, Reuters' Supantha Mukherjee reported. The comments sound like a change in tone given that months ago Huang had offered his opinion that 'very useful' quantum computers are likely decades away. Shares of quantum computing stocks moving higher in early Wednesday trading following Huang's comments include D-Wave Quantum (QBTS), IonQ (IONQ), Rigetti Computing (RGTI) and Quantum Computing (QMCO). Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on QBTS: Disclaimer & DisclosureReport an Issue D-Wave enters agreement to sell up to $400M shares from time to time D-Wave Quantum Enters $400M Sales Agreement IBM Announces Plan to Build World's First Large-Scale Quantum Computer Trump Trade: U.S., China representatives to meet about trade D-Wave Quantum's Stock Surges Amid Strategic Moves 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
Yahoo
2 hours ago
- Yahoo
Casey's General Stores price target raised to $515 from $450 at BMO Capital
BMO Capital raised the firm's price target on Casey's General Stores (CASY) to $515 from $450 but keeps a Market Perform rating on the shares after its Q4 earnings beat. The company continues to demonstrate meaningful outperformance relative to c-store peers and industry data points, which along with strong execution, has supported its 'impressive consistency' in EBITDA growth, the analyst tells investors in a research note. BMO adds however that the stock's valuation and higher expectations have gone 'from good to great' as it remains on the sidelines for now. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on CASY: Disclaimer & DisclosureReport an Issue Casey's General Stores price target raised to $550 from $500 at KeyBanc Casey's General Stores price target raised to $540 from $460 at Wells Fargo Casey's General Stores Reports Strong Fiscal Year Performance Casey's General Stores Stock (CASY) Jumps 12% on News of Dividend Increase Casey's General Stores reported 'solid' Q4, says RBC Capital Sign in to access your portfolio
