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South32 (S32) Receives a Buy from Jefferies

Tipranks - Tipranks - Tue May 5, 1:48AM CDT

Jefferies analyst Chris LaFemina maintained a Buy rating on South32 on April 30 and set a price target of p280.00. The company’s shares closed last Friday at A$4.03.

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According to TipRanks, LaFemina is a 5-star analyst with an average return of 14.7% and a 55.04% success rate. LaFemina covers the Basic Materials sector, focusing on stocks such as Freeport-McMoRan, Rio Tinto, and Steel Dynamics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for South32 with a p249.56 average price target, which is a 6,092.56% 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.

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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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