Deutsche Bank- $38.75 PT ($33.70 prev)
UBS- $36.20 ($30.50 prev)
Macquarie- $33.00 ($27.15 prev)
We view Aristocrat's half year result as extremely positive as not only was it 13% above market expectations, the Digital acquisitions (Plarium and Big Fish) are exceeding expectations, the 19% growth in the Class III Gaming Ops installed base was ahead of our forecasts (+10%), and the company is enjoying early success in adjacent markets (Class III stepper and Class II video with VLT to come). The outlook remains positive and the company expects double-digit NPATA growth to continue for the remainder of the year. We maintain our Buy rating with the stock trading at a 22% discount to our valuation of $38.75/share and at 18.9x FY19e earnings.
Huge Broker Upgrades- Will Fly!
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Last
$67.87 |
Change
0.170(0.25%) |
Mkt cap ! $36.16B | |||
| Open | High | Low | Value | Volume |
| $67.89 | $68.30 | $67.43 | $47.77M | 704.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4131 | $67.85 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $67.88 | 363 | 1 |
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| Last trade - 16.10pm 28/11/2024 (20 minute delay) ? |
| ALL (ASX) Chart |
