Petra Capital Sticks to Its Hold Rating for Austal Limited (AUTLF)
In a report released today, James Lennon from Petra Capital maintained a Hold rating on Austal Limited (AUTLF – Research Report), with a price target of A$3.77. The company’s shares closed today at $2.65.
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According to TipRanks, Lennon is ranked #2110 out of 9347 analysts.
In addition to Petra Capital, Austal Limited also received a Hold from Citi’s Sam Teeger in a report issued on March 9. However, yesterday, Bell Potter maintained a Buy rating on Austal Limited (Other OTC: AUTLF).
Based on Austal Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $751.25 million and a net profit of $2.85 million. In comparison, last year the company earned a revenue of $810.01 million and had a GAAP net loss of $6.48 million
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