Asciano Ltd Stock Rating Reaffirmed by Morningstar (AIO)
Asciano Ltd (ASX:AIO)‘s stock had its “reduce” rating restated by research analysts at Morningstar in a report released on Friday, Analyst Ratings.Net reports. They currently have a $5.64 target price on the stock.
AIO has been the subject of a number of other recent research reports. Analysts at RBC Capital initiated coverage on shares of Asciano Ltd in a research note to investors on Wednesday, November 20th. They set a “sector perform” rating and a A$6.00 ($5.36) price target on the stock. Separately, analysts at Deutsche Bank downgraded shares of Asciano Ltd to a “buy” rating in a research note to investors on Thursday, November 14th. Finally, analysts at Deutsche Bank downgraded shares of Asciano Ltd to a “buy” rating in a research note to investors on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of A$5.50 ($4.91).
Asciano Ltd (ASX:AIO) opened at 5.620 on Friday. Asciano Ltd has a 1-year low of A$4.570 and a 1-year high of A$6.230. The stock has a 50-day moving average of A$5.70 and a 200-day moving average of A$5.50. The company has a market cap of A$5.476 billion and a P/E ratio of 16.24.
Asciano Limited is a national rail freight and ports operator in Australia. The Company operates in four segments: Pacific National Coal, Pacific National Rail, Terminals & Logistics and Bulk & Automotive Port Services (ASX:AIO).
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