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For what it's worth  :

Morgans rates ALL as Add (1) -

Morgans believes the recent pullback in high PE stocks and the gaming sector more broadly creates a buying opportunity. Aristocrat Leisure is expected to experience solid growth in the digital side of the business while it has a very strong position in the North American slot market.

The company is due to report its FY18 result on November 29, which should include partial contributions from the Big Fish and Plarium acquisitions. Morgans reiterates an Add rating and raises the target to $34.89 from $33.57.

Target price is $34.89 Current Price is $29.27 Difference: $5.62 
If ALL meets the Morgans target it will return approximately 19% (excluding dividends, fees and charges).

Current consensus price target is $35.11, suggesting upside of 19.9% (ex-dividends)

The company's fiscal year ends in September.

Forecast for FY18:

Morgans forecasts a full year FY18 dividend of 49.00 cents and EPS of 122.00 cents. At the last closing share price the estimated dividend yield is 1.67%.  At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 23.99.  How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 116.3, implying annual growth of 49.7%. Current consensus DPS estimate is 47.3, implying a prospective dividend yield of 1.6%. Current consensus EPS estimate suggests the PER is 25.2.

Forecast for FY19:

Morgans forecasts a full year FY19 dividend of 58.00 cents and EPS of 146.00 cents. At the last closing share price the estimated dividend yield is 1.98%.  At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 20.05.  How do these forecasts compare to market consensus projections? Current consensus EPS estimate is 141.2, implying annual growth of 21.4%. Current consensus DPS estimate is 65.3, implying a prospective dividend yield of 2.2%. Current consensus EPS estimate suggests the PER is 20.7. Market Sentiment: 0.8

Forecast for FY18:

	Morgans forecasts a full year FY18 dividend of 49.0