Macquarie Reaffirms Their Hold Rating on ASX (ASXFF)
In a report released today, Andrew Buncombe from Macquarie maintained a Hold rating on ASX (ASXFF – Research Report), with a price target of A$65.00. The company's shares closed last Thursday at $45.90.
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According to TipRanks, Buncombe is a 4-star analyst with an average return of 8.9% and a 67.39% success rate. Buncombe covers the Financial sector, focusing on stocks such as ASX , AMP , and Computershare Limited.
ASX has an analyst consensus of Moderate Sell, with a price target consensus of $40.93.
Based on ASX 's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $814.3 million and a net profit of $193.76 million. In comparison, last year the company earned a revenue of $750.9 million and had a net profit of $193.58 million
Based on the recent corporate insider activity of 8 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 ASXFF in relation to earlier this year.
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