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South32 (S32) Gets a Buy from J.P. Morgan

Tipranks - Tipranks - Tue May 5, 1:32AM CDT

In a report released on April 30, Lyndon Fagan from J.P. Morgan maintained a Buy rating on South32, with a price target of A$4.80. The company’s shares closed last Friday at A$4.03.

Claim 55% Off TipRanks

According to TipRanks, Fagan is a 5-star analyst with an average return of 10.5% and a 62.71% success rate. Fagan covers the Basic Materials sector, focusing on stocks such as South32, Sandfire Resources Limited, and Capstone Copper.

Currently, the analyst consensus on South32 is a Strong Buy with an average price target of p250.35, implying a 6,112.16% upside from current levels. In a report released yesterday, Citi also maintained a Buy rating on the stock with a A$5.40 price target.

See the top stocks recommended by analysts >>

Based on South32’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$2.86 billion and a net profit of A$451.14 million. In comparison, last year the company earned a revenue of A$3.19 billion and had a net profit of A$360 million

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