EPY - Morgans rates the stock as Add
PUBLISHED
2021-05-18
Content
After a third quarter update, Morgans assesses continued momentum in key earnings drivers. Management reaffirmed FY21 profit (NPATA) guidance, implying to the broker an around $5m second half result. A “material increase” in FY22 earnings is expected by the company.
The analyst highlights record invoice finance volume in March of $199m, up 34% on the pcp. The Add rating and $0.54 target are maintained.
Sector: Commercial & Professional Services.
Target price is $0.54.Current Price is $0.44. Difference: $0.10 - (brackets indicate current price is over target). If EPY meets the Morgans target it will return approximately 19% (excluding dividends, fees and charges - negative figures indicate an expected loss).