Citi raises PT, earnings estimates on Australia's Qube Holdings

Qube Holdings

01/05/2024 22:46

** Analysts at Citi lift price target on Australia's Qube
Holdings  QUB.AX  to A$3.95 from A$3.85; maintains "buy" rating
    ** Brokerage says the import and export logistics provider's
trading update was "positive" and was driven by
better-than-expected container activity across terminal
business, Patrick, and at group level
    ** Citi says continued high volumes and market shares could
not have come at a more opportune time for co
    ** Raises net profit after tax forecasts for FY24-FY26 in
the range of 4%-5%
    ** Seven of 14 analysts rate the stock "buy" or higher, six
"hold" and one "sell"; their median PT is A$3.56 – LSEG data
    ** Stock has risen 1.2% YTD, as of last close 

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))