Macquarie have upgraded Navitas (NVT) to Outperform - Worthy of high distinction

Macquarie have upgraded Navitas (NVT) to Outperform - Worthy of high distinction. Following a transfer of analyst coverage, we upgrade from Underperform to Outperform. Our 12-month TP is $7.00/sh, supported by our DCF valuation. Key highlights: (a) solid structural growth in the intl student market, (b) Aust well placed to increase share, where NVT is market leader. Earnings momentum is strong. Despite re-investment this year, we forecast FY14 EPS growth of +16%, followed by +23% and +24% in FY15 and FY16.


1 topic

The Livewire Equities feed brings you a range of insights that relate to Australian equities


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.