ALS (CPBLF) was downgraded to a Sell Rating at Jarden
Jarden analyst Jakob Cakarnis downgraded ALS (CPBLF – Research Report) to a Sell on May 22 and set a price target of A$15.00. The company's shares closed last Thursday at $11.00.
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Cakarnis covers the Industrials sector, focusing on stocks such as Brambles , ALS, and Cleanaway Waste Management. According to TipRanks, Cakarnis has an average return of 10.4% and a 67.19% success rate on recommended stocks.
Currently, the analyst consensus on ALS is a Strong Buy with an average price target of $11.39.
Based on ALS' latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.46 billion and a net profit of $126.8 million. In comparison, last year the company earned a revenue of $1.22 billion and had a net profit of $133.5 million
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