Computershare Gets New Bear as Rate Expectations Fall -- Market Talk

Dow Jones

May 02, 2025

0219 GMT - The likelihood of lower global interest rates brings a new bear to Australia's Computershare. Analyst Kieren Chidgey lowers his recommendation on the share-registry provider to sell from neutral, pointing to its recent outperformance despite a lower yield outlook. He sees falling cash-rate expectations across key regions leading to a steeper-than-anticipated decline in fiscal 2026 margin income--interest earned on cash held for dividends. He also observes that shares are trading well above their 10-year average earnings multiple even though market volatility presents near-term risk to short-term transactional revenues. UBS lifts its target price by 4.3% to A$39.00. Shares are down 2.9% at A$39.88. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

May 01, 2025 22:19 ET (02:19 GMT)

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Analyst Kieren Chidgey lowers his recommendation on the share-registry provider to sell from neutral, pointing to its recent outperformance despite a lower yield outlook. He sees falling cash-rate expectations across key regions leading to a steeper-than-anticipated decline in fiscal 2026 margin income--interest earned on cash held for dividends. He also observes that shares are trading well above their 10-year average earnings multiple even though market volatility presents near-term risk to short-term transactional revenues. UBS lifts its target price by 4.3% to A$39.00. Shares are down 2.9% at A$39.88. 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Analyst Kieren Chidgey lowers his recommendation on the share-registry provider to sell from neutral, pointing to its recent outperformance despite a lower yield outlook. He sees falling cash-rate expectations across key regions leading to a steeper-than-anticipated decline in fiscal 2026 margin income--interest earned on cash held for dividends. He also observes that shares are trading well above their 10-year average earnings multiple even though market volatility presents near-term risk to short-term transactional revenues. UBS lifts its target price by 4.3% to A$39.00. Shares are down 2.9% at A$39.88. (stuart.condie@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 01, 2025 22:19 ET (02:19 GMT)\n</p>\n<p>\n  Copyright (c) 2025 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":"BK7157","symbol_name":"数据处理及外包服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2532805854","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2532805854","pubTimestamp":1746152340,"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":"0219 GMT - The likelihood of lower global interest rates brings a new bear to Australia's Computershare. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7157":"数据处理及外包服务","BK7503":"科技股","CPU.AU":"COMPUTERSHARE LTD","BK7033":"数据处理与外包服务"},"translate_title":"随着利率预期下降，Computershare遭遇新的熊市——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CPU.AU":0.9},"content_text":"0219 GMT - The likelihood of lower global interest rates brings a new bear to Australia's Computershare. Analyst Kieren Chidgey lowers his recommendation on the share-registry provider to sell from neutral, pointing to its recent outperformance despite a lower yield outlook. He sees falling cash-rate expectations across key regions leading to a steeper-than-anticipated decline in fiscal 2026 margin income--interest earned on cash held for dividends. He also observes that shares are trading well above their 10-year average earnings multiple even though market volatility presents near-term risk to short-term transactional revenues. UBS lifts its target price by 4.3% to A$39.00. Shares are down 2.9% at A$39.88. (stuart.condie@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 01, 2025 22:19 ET (02:19 GMT)\n\n\n  Copyright (c) 2025 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"}}}