Asciano Ltd Receives Reduce Rating from Morningstar (AIO)
Asciano Ltd (ASX:AIO)‘s stock had its “reduce” rating reaffirmed by investment analysts at Morningstar in a note issued to investors on Sunday, Stock Ratings Network reports. They currently have a $5.64 price objective on the stock.
Asciano Ltd (ASX:AIO) opened at 5.720 on Friday. Asciano Ltd has a one year low of A$4.570 and a one year high of A$6.230. The stock has a 50-day moving average of A$5.6 and a 200-day moving average of A$5.59. The company has a market cap of A$5.574 billion and a P/E ratio of 16.21.
A number of other firms have also recently commented on AIO. 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 ($5.41) 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 issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of A$5.50 ($4.96).
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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