Morgans Remains a Sell on Transurban Group (TRAUF)
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Lead covers the Industrials sector, focusing on stocks such as Dalrymple Bay Infrastructure Ltd., Aurizon Holdings, and Transurban Group. According to TipRanks, Lead has an average return of 2.4% and a 56.94% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Transurban Group with a $9.04 average price target.
Based on Transurban Group's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.83 billion and a GAAP net loss of $47 million. In comparison, last year the company earned a revenue of $2.13 billion and had a net profit of $204 million
Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TRAUF in relation to earlier this year.
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