Computershare's (ASX:CPU) stock has continued to outperform despite recent market volatility and a lower yield outlook, which are both factors that could impact the company's short-term transactional revenues, UBS said in a note, as reported by multiple media outlets on May 2.
"With Computershare's 19.2 times 12-month forward PE ratio now 14 per cent above its 10 year average, despite lower near term EPS prospects... valuation risk appears to be skewed to the downside," said Kieren Chidgey, analyst at UBS.
The investment firm reportedly flagged that lower margin income yields are likely to constrain earnings-per-share growth in fiscal 2026.
UBS downgraded Computershare to sell from neutral and lifted its price target on the stock to AU$39 from AU$37.40.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。