Ord Minnett has downgraded its rating of HSN from buy to accumulate, and cut its target price from $4.73 to $4.59
Ord Minnett says it has “no real issue with the Enoro business or the price paid, albeit 8-10x maybe more reflective of what HSN will have to pay going forward to acquire growing, high quality billing assets. The disappointment, was the 2H earnings surprise, particularly the magnitude, which does provide some cause for pause.”
What Ord Minnett doesn’t like is the 2017 full year guidance for EBITDA to be approximately $45 million, which “implies a 10-11% downgrade to our 2H17 expectations and is 7-8% below consensus."
Ord Minnett has downgraded its rating of HSN from buy to...
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Last
$5.77 |
Change
0.070(1.23%) |
Mkt cap ! $881.1M | |||
| Open | High | Low | Value | Volume |
| $5.76 | $5.84 | $5.70 | $2.109M | 365.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1507 | $5.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.78 | 1104 | 1 |
View Market Depth
| Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
| HSN (ASX) Chart |
