Asciano’s “Hold” Rating Reaffirmed at Morningstar (AIO)
A number of other analysts have also recently weighed in on AIO. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Asciano in a research note on Sunday, May 25th. They now have a $6.50 price target on the stock.
Asciano (ASX:AIO) traded up 0.17% on Wednesday, hitting A$5.750. The stock had a trading volume of 808,533 shares. Asciano has a one year low of A$4.570 and a one year high of A$6.230. The stock’s 50-day moving average is A$5.43 and its 200-day moving average is A$5.58. The company has a market cap of A$5.606 billion and a P/E ratio of 17.03.
Asciano Limited is a national rail freight and ports operator in Australia. The Company’s segments include Pacific National Coal division, which is a coal haulage operator, offering rail haulage services for the export and domestic coal markets in New South Wales, Queensland and South Australia; Pacific National Rail division, which is an intermodal rail provider and a major provider of bulk rail services, transporting containerized, steel, general freight, bulk freight including grain, magnetite and aggregates; Terminals & Logistics, which provides container stevedoring services and Bulk & Automotive Port Services (ASX:AIO), which specializes in the management of bulk ports and supporting infrastructure and the provision of port related logistics at over 30 sites across Australia and New Zealand.
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