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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  Australia and New Zealand Banking Group Limited    ANZ   AU000000ANZ3

AUSTRALIA AND NEW ZEALAND BANKING GROUP

(ANZ)
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Australia and New Zealand Banking : Morgan Stanley rates ANZ as Equal-weight

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12/05/2019 | 06:31pm EST

ANZ Bank has responded to the final Reserve Bank of New Zealand reforms noting there is a reduced impact on CET1 capital for the group and remains confident it can meet the requirements without the need to raise additional capital.

The total impact on CET1 is expected to be $4.5bn. While Morgan Stanley did not believe the bank would require a capital raising, it did estimate the net NZ pay-out ratio would need to fall to 30% from 80% to meet the tier 1 target by 2023.

Based on these proposals, the pay-out ratio will not need to fall as much. Equal-weight rating maintained. Target is $24.80. Industry view: In-Line.

Sector: Banks.

Target price is $24.80.Current Price is $24.70. Difference: $0.10 - (brackets indicate current price is over target). If ANZ meets the Morgan Stanley target it will return approximately 0% (excluding dividends, fees and charges - negative figures indicate an expected loss).

© 2019 Acquisdata Pty Ltd., source FN Arena

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Financials (AUD)
Sales 2020 18 541 M
EBIT 2020 9 628 M
Net income 2020 6 113 M
Debt 2020 -
Yield 2020 6,16%
P/E ratio 2020 12,0x
P/E ratio 2021 11,5x
Capi. / Sales2020 3,89x
Capi. / Sales2021 3,85x
Capitalization 72 209 M
Chart AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
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Technical analysis trends AUSTRALIA AND NEW ZEALAND
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TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 26,44  AUD
Last Close Price 25,46  AUD
Spread / Highest target 15,9%
Spread / Average Target 3,85%
Spread / Lowest Target -7,31%
EPS Revisions
Managers
NameTitle
Shayne Cary Elliott Chief Executive Officer & Executive Director
David M. Gonski Chairman
Michelle Jablko Chief Financial Officer
Gerard Florian Group Executive-Technology
Paula Jane Dwyer Independent Non-Executive Director