Morgan Stanley analyst Chenny Wang maintained a Buy rating on ARB Corporation Limited (ARBFF – Research Report) today and set a price target of A$46.00. The company’s shares closed last Monday at $24.92.
According to TipRanks, Wang is a 3-star analyst with an average return of 4.1% and a 46.67% success rate.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ARB Corporation Limited with a $26.96 average price target, implying an 8.19% upside from current levels. In a report released today, Ord Minnett also maintained a Buy rating on the stock with a A$45.00 price target.
Based on ARB Corporation Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $351.61 million and a net profit of $51.42 million. In comparison, last year the company earned a revenue of $330.37 million and had a net profit of $41.03 million
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- ARB Corporation to Present 1H FY2025 Financial Results
