Ahead of the upcoming February reporting season, when Sydney Airport is due to release its FY20 financials, analysts at Morgans have updated their modeling and assumptions.
The analysts remain confident a sustained recovery lays ahead on the back of vaccine roll-outs internationally. Add rating retained.
Price target lifts to $6.95 from $6.56 on increased forecasts. Morgans doesn’t anticipate the return of distributions to shareholders before 2023 (final dividend FY22), which is an improvement from prior projections.
Target price is $6.95.Current Price is $6.32. Difference: $0.63 – (brackets indicate current price is over target). If SYD meets the Morgans target it will return approximately 9% (excluding dividends, fees and charges – negative figures indicate an expected loss).