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    ALX   AU0000013559

ATLAS ARTERIA LIMITED

(ALX)
  Report
Delayed Australian Stock Exchange  -  10:23 2022-10-06 pm EDT
6.250 AUD   -0.95%
09/21ATLAS ARTERIA LIMITED : Ex-dividend day for interim dividend
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09/16ATLAS ARTERIA LIMITED : RIGHTS ISSUE: 1 new share @ 6.3 AUD for 1.95 existing shares
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09/13Transcript : Atlas Arteria Limited, Skyway Concession Company, LLC - M&A Call
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Australian shares end flat as tech, banks offset commodity losses

08/04/2022 | 02:52am EDT

* Australian tech stocks hit three-month high

* Miners, energy firms top losers on ASX 200

* Atlas Arteria surges after IFM ups stake

Aug 4 (Reuters) - Australian shares closed flat after a choppy day of trade on Thursday, as gains in financials and technology sectors offset losses among mining majors.

The S&P/ASX 200 closed at 6,974.0, after ending 0.3% lower in the previous session.

Meanwhile, global sentiment recovered after robust services industry data from the United States indicated that an economic recession may not be in sight, while supply bottlenecks and price pressures eased.

However, more U.S. Federal Reserve officials called for tighter interest rates, leading to market participants refraining from making large bets.

"There has been nothing moving exceptionally for the day," Brad Smoling, Chief Executive Officer of Smoling Stockbroking, said.

"I think people are trying to assess the recent Australian central bank move to hike rates and if more rate hikes from the Fed will be beneficial."

The Reserve Bank of Australia this week raised interest rates for a fourth month running, but tempered guidance on further hikes as it forecast faster inflation but also a slowdown in the economy.

Among individual sectors and stocks, the tech index led the benchmark higher on Thursday, hitting their highest since early-May. Accounting software provider Xero and ASX-listed shares of Block added 0.9% 8.8%.

Financials followed suit, with the "Big Four" banks gaining between 0.3% and 1.3%.

Separately, Altas Arteria surged 5.7% after fund manager IFM raised its stake in the toll road developer, just a week after walking away from a potential takeover deal.

However, miners weighed on the benchmark index, dropping about 0.9% on account of weak iron prices. Sector majors Rio Tinto and BHP lost 1.5% and 1.3%.

Energy stocks were also hurt despite Brent prices gaining in Asian trade, with Woodside Energy and Santos shedding 2.9% and 1.1%.

New Zealand's benchmark S&P/NZX 50 closed 0.3% higher at 11,735.5. (Reporting by Archishma Iyer in Bengaluru; editing by Uttaresh.V)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ARTERIA NETWORKS CORPORATION -1.38% 1212 Delayed Quote.-20.45%
ATLAS ARTERIA LIMITED -0.95% 6.25 Delayed Quote.-7.50%
BHP GROUP LIMITED -0.86% 40.41 Delayed Quote.23.42%
LONDON BRENT OIL -0.51% 94.35 Delayed Quote.17.76%
RIO TINTO PLC -0.47% 5060 Delayed Quote.3.43%
S&P/ASX 200 -0.52% 6783.1 Real-time Quote.-8.45%
SANTOS LIMITED 1.94% 7.905 Delayed Quote.20.60%
WOODSIDE ENERGY GROUP LTD 0.26% 34.84 Delayed Quote.54.45%
WTI -0.48% 88.484 Delayed Quote.16.82%
XERO LIMITED -1.66% 77.98 Delayed Quote.-44.11%
All news about ATLAS ARTERIA LIMITED
09/21ATLAS ARTERIA LIMITED : Ex-dividend day for interim dividend
FA
09/16ATLAS ARTERIA LIMITED : RIGHTS ISSUE: 1 new share @ 6.3 AUD for 1...
FA
09/13Transcript : Atlas Arteria Limited, Skyway Concession Company, LLC - M&A Call
CI
09/13Australia's Atlas Arteria to raise $2.09 bln to fund Chicago Skyway stake buy
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09/13Atlas Arteria Limited Provides Distribution Guidance for the Year 2023
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09/12Atlas Arteria to Secure Majority Stake in Chicago Skyway
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09/12Australia's Atlas Arteria scoops up 67% stake in Chicago Skyway for $2.01 bln
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09/12Atlas Arteria Announces Distribution for the Six Months Ended 30 June 2022, Payable on ..
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09/12Australia's Atlas Arteria buys 67% stake in Chicago Skyway for $2.01 bln
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09/12Atlas Arteria Confirms Joining Bid Process for Chicago Skyway Toll Road
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More news
Analyst Recommendations on ATLAS ARTERIA LIMITED
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Financials
Sales 2022 133 M 85,8 M 85,8 M
Net income 2022 337 M 217 M 217 M
Net Debt 2022 1 385 M 891 M 891 M
P/E ratio 2022 18,2x
Yield 2022 6,34%
Capitalization 8 596 M 5 530 M 5 530 M
EV / Sales 2022 74,8x
EV / Sales 2023 67,7x
Nbr of Employees -
Free-Float 89,5%
Chart ATLAS ARTERIA LIMITED
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Atlas Arteria Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends ATLAS ARTERIA LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 11
Last Close Price 6,31 AUD
Average target price 6,96 AUD
Spread / Average Target 10,2%
EPS Revisions
Managers and Directors
Graeme Frances Bevans Chief Executive Officer & Director
David Collins Chief Financial Officer
Debra L. Goodin Independent Non-Executive Chairman
Vincent Portal-Barrault Chief Operating Officer
David Bartholomew Independent Non-Executive Director