ReadyTech Bull Sees Stock at Significant Discount -- Market Talk

Dow Jones

Dec 13, 2024

0030 GMT - Enterprise-software provider ReadyTech gets a new bull at Morgans, where analyst James Filius sees the stock trading at a 20% discount to its historic average Ebitda multiple. Filius initiates coverage with an add rating, telling clients in a note that ReadyTech's recent organic growth trajectory supports his forecast of 14.5% average Ebitda growth over the coming years. He says that the Australia-listed company is still in the early stages of trying to capitalize on moves in the education sector to modernize legacy software systems, and on local governments' on-site conversion of planning solutions. Morgans puts an A$3.74 target price on the stock, which is down 0.3% at A$2.94. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

December 12, 2024 19:30 ET (00:30 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2491236472"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2491236472\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2491236472?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-13 08:30","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2491236472","market":"sh","top_or_hot":-1,"title":"ReadyTech Bull Sees Stock at Significant Discount -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0030 GMT - Enterprise-software provider ReadyTech gets a new bull at Morgans, where analyst James Filius sees the stock trading at a 20% discount to its historic average Ebitda multiple. Filius initiates coverage with an add rating, telling clients in a note that ReadyTech's recent organic growth trajectory supports his forecast of 14.5% average Ebitda growth over the coming years. He says that the Australia-listed company is still in the early stages of trying to capitalize on moves in the education sector to modernize legacy software systems, and on local governments' on-site conversion of planning solutions. Morgans puts an A$3.74 target price on the stock, which is down 0.3% at A$2.94. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 12, 2024 19:30 ET (00:30 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ReadyTech Bull Sees Stock at Significant Discount -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReadyTech Bull Sees Stock at Significant Discount -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-13 08:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0030 GMT - Enterprise-software provider ReadyTech gets a new bull at Morgans, where analyst James Filius sees the stock trading at a 20% discount to its historic average Ebitda multiple. Filius initiates coverage with an add rating, telling clients in a note that ReadyTech's recent organic growth trajectory supports his forecast of 14.5% average Ebitda growth over the coming years. He says that the Australia-listed company is still in the early stages of trying to capitalize on moves in the education sector to modernize legacy software systems, and on local governments' on-site conversion of planning solutions. Morgans puts an A$3.74 target price on the stock, which is down 0.3% at A$2.94. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 12, 2024 19:30 ET (00:30 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RDY.AU","symbol_name":"READYTECH HOLDINGS LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2491236472","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2491236472","pubTimestamp":1734049800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0030 GMT - Enterprise-software provider ReadyTech gets a new bull at Morgans, where analyst James Filius sees the stock trading at a 20% discount to its historic average Ebitda multiple. Filius initiates coverage with an add rating, telling clients in a note that ReadyTech's recent organic growth trajectory supports his forecast of 14.5% average Ebitda growth over the coming years. He says that the Australia-listed company is still in the early stages of trying to capitalize on moves in the education sector to modernize legacy software systems, and on local governments' on-site conversion of planning solutions. Morgans puts an A$3.74 target price on the stock, which is down 0.3% at A$2.94. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"RDY.AU":"READYTECH HOLDINGS LTD","BK7016":"应用软件"},"translate_title":"ReadyTech多头认为股票大幅折扣——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RDY.AU":0.9},"content_text":"0030 GMT - Enterprise-software provider ReadyTech gets a new bull at Morgans, where analyst James Filius sees the stock trading at a 20% discount to its historic average Ebitda multiple. Filius initiates coverage with an add rating, telling clients in a note that ReadyTech's recent organic growth trajectory supports his forecast of 14.5% average Ebitda growth over the coming years. He says that the Australia-listed company is still in the early stages of trying to capitalize on moves in the education sector to modernize legacy software systems, and on local governments' on-site conversion of planning solutions. Morgans puts an A$3.74 target price on the stock, which is down 0.3% at A$2.94. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 12, 2024 19:30 ET (00:30 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}