Jefferies hikes PT as Qube Holdings' HY NPAT beats consensus

Qube Holdings

22/02/2024 18:51

** Jefferies says Australia's Qube Holdings'  QUB.AX  HY
underlying NPAT of A$134.8 mln ($88.27 mln) was "slightly ahead"
of the firm's forecast and beat market consensus by 10%
    ** Logistics services company expects FY24 underlying NPATA
and EPSA between 5%-10% above FY23
    ** Jefferies says co "delivered NPAT growth in-line with  
expectations, but also well above consensus"
    ** Brokerage firm says QUB's "Operating Division can return
to stronger EBIT growth from FY25" 
    ** Says "business remains well-placed to deliver solid
growth from ongoing market share gains in key supply chains" 
    ** Gives "buy" rating and raises PT to A$4.32
    ** Seven of 13 analysts rate the stock "buy" or higher, five
"hold" and one "sell" or lower; their median PT is A$3.45 – LSEG


($1 = 1.5272 Australian dollars)

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))