Ausnet Services Limited

( ASX:AST ) - Utilities


Analyst Views

AST – Morgans rates the stock as Hold

Earnings lifted in the second half of FY19 and beat Morgans' forecast. Excluding customer contributions, operating earnings (EBITDA) were flat but still exceeded forecasts by 4%. Distribution guidance of 10.2c per security for FY20 implies 5% growth on a cash yield of 5.6%.

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AST – Citi rates the stock as Neutral

AusNet’s FY report was broadly in-line, comment Citi analysts though the dividend might have disappointed some in the market. Citi has increased its price target on lower anticipated interest rates, but otherwise very much regards this proposition as a steady as she goes.

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