CM – Analysts rate the share price of A2 Milk (ASX: A2M) as a buy

0

Home »Editor’s Tips» Analysts rate A2 Milk (ASX: A2M) share price as a Buy

A2 Milk Company Ltd (ASX: A2M) share price has been through a lot of volatility since the beginning of COVID-19 .

Last year the price of the A2 Milk share fell by 56%. That makes it one of the worst performers in the ASX 200 (ASX: XJO) during that period.

A2 Milk saw high demand for its products, especially its infant formula, at the start of COVID as people filled their pantries. < In FY20, the company had total sales of $ 1.73 billion, an increase of 32.8%. Net income rose 34.1% to $ 385.8 million.

But in FY21, the good numbers turned bad. Revenue was down 30.3% to $ 1.21 billion and net income was down 79.1% to $ 80.7 million.

Several negative factors worked together to create price and earnings the A2 Milk share. Demand from the Daigou / reseller channel has slowed significantly. A2 Milk had too much inventory. Chinese customers are buying more products from local Chinese brands.

According to reports from the Australian Financial Review, some investors are now thinking that A2 Milk stock may well be value for money now.

The Newspaper noted that fund manager Perpetual Limited (ASX: PPT) built a position in the business as it fell to about $ 5.50 per share.

It was also noted that by 1851, the chief investment officer, Chris Stott, recently referred to A2 Milk as a purchase in a Livewire video where he said:

« The a2 Milk Company has gone from market darling to market dud, hasn’t it? That’s usually when you’re looking to buy.

We think they have weathered the worst in terms of their earnings decline right now, especially after China and the Daigou Canal, so we think they’re through the worst . “

It could be. Business with physical retailers in China called mother and baby stores is still doing reasonably well. The cross-border e-commerce channel (CBEC) could do well in the long term. Chances are, however, that A2 Milk will never make the same profit with Chinese customers.

Also, the lower price of A2 Milk stock certainly takes into account many of the Chinese problems. A2 Milk still has a lot of potential in Asia (excluding China), Australia, New Zealand, the USA, Canada and all other regions into which it is expanding.

Are you wondering where to invest right now? Do you have cash that is “on the sidelines”? Are you looking for dividend income AND growth but not sure where to start? Rask’s seasoned ASX analyst team just released a full report detailing where we would be investing $ 10,000 right now. Not only are we offering these 11 investment ideas completely FREE, but we have also published a detailed podcast on the report!
Whether you have $ 2,000 or $ 50,000, our brand new analyst report could help transform your watchlist. You can now get the full analyst report emailed to you for FREE by CLICKING HERE NOW or by simply entering your email address below.

Unsubscribe anytime. Read our Terms of Use, Financial Services Guide, and Privacy Policy. We will never sell your email address. Our company is Australian owned.

Are you wondering where to invest right now? Do you have cash that is “on the sidelines”? Are you looking for dividend income AND growth but not sure where to start? Rask’s seasoned ASX analyst team just released a full report detailing where we would be investing $ 10,000 right now. Not only are we offering these 11 investment ideas completely FREE, but we have also published a detailed podcast on the report!
Whether you have $ 2,000 or $ 50,000, our brand new analyst report could help transform your watchlist. Now you can have the full analyst report emailed to you for FREE by CLICKING HERE NOW.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) and is limited to factual information or (at most) general financial advice. This means that the information and advice does not take into account your goals, financial situation or needs. It is not specific to you, your needs, goals, or objectives. For this reason, you should check that the advice is suitable for you and your needs before reacting to the information. If you do not know your needs, you should turn to a trusted and licensed financial advisor who can advise you personally on financial products. In addition, you should obtain and read the Product Disclosure Statement (PDS) before deciding to purchase a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is an authorized corporate agent (# 1280930) of AFSL # 383169.

The A2 Milk Company Ltd (ASX: A2M) share price is rated as a buy by analysts. Could it be time to take a look at the company?

The ANZ Banking Group (ASX: ANZ) share price is up 19% since the start of the year. Is the price of the ANZ share cheap?

The S&P / ASX 200 (ASX: XJO) ended the week down 2.1%, while all three US benchmarks closed lower. Here are my top three takeaways.

US equity markets reversed sentiment over the week and had another strong day on Friday when Merck shares (NYSE: MRK) hit the headlines.

The information popped up this website is for general financial advice only. This means that the advice does not take into account your goals, your financial situation or your needs. For this reason, you should check that the advice is suitable for you and your needs before reacting to the information. In addition, you should obtain and read the Product Disclosure Statement (PDS) before deciding to purchase a financial product. If you do not know your needs, you should turn to a trusted and licensed financial advisor who can advise you personally on financial products. Please read our & Terms and Conditions and Financial Services Guide before using this website.

Rask Australia’s expert analysts have just published 11 & ETF stock positions that they would now buy as part of a hypothetical $ 10,000 portfolio .

This completely free report contains the exact ticker codes of how much the analysts would invest and a detailed description of the company and why we like it. Plus a 60-minute podcast!

Unsubscribe at any time. Read our Terms of Use, Financial Services Guide, and Privacy Policy. We will never sell your email address. Our company is Australian owned.

Similar title :
ASX 200 makes a strong start , plus 1.5%
Is the ASX open today and trading today?
Wall St rises, Cochlear& # 39; s rating is upgraded: ASX rises
ASX Today: Rebound hopes after the longest loss period of the year
ASX 200 set for a positive start
Analysts rate the A2 Milk (ASX: A2M) share price as a buy

Keywords:

ASX,S&P/ASX 200,Stock market,Rask Australia,ASX, S&P/ASX 200, Stock market, Rask Australia,,,,,,,

Donnez votre avis et abonnez-vous pour plus d’infos

Vidéo du jour: