Buy, hold, sell: Netwealth, Tabcorp, Healius shares

S&P/ASX 200 Index (ASX: XJO) shares are up 0.4% to 8,764.6 points on Tuesday.

Among the 11 market sectors, the technology sector is in the lead today, up 2.3%.

The energy sector is the laggard, down 0.9%. 

Let’s check out some new ratings on ASX shares today.

Netwealth Ltd (ASX: NWL)

The Netwealth share price is $19.09, up 1.4% today and down 38% over 12 months. 

Dylan Evans from Catapult Wealth has a buy rating on this ASX financial share. 

Evans said (courtesy The Bull): 

The company’s full year 2026 results continued to deliver strong growth, with the platform’s funds under administration increasing 20.3 per cent to $135.7 billion and earnings per share growing 16 per cent to 55.2 cents.

Despite these strong results, the share price has fallen significantly, most likely and partially in response to a compensation payout of about $101 million to members in the collapsed First Guardian Master Fund.

Share price weakness presents an opportunity, as Netwealth still holds a net cash position and is poised to generate strong revenue growth moving forward.

Healius Ltd (ASX: HLS)

The Healius share price is steady at 38 cents, down 53% over 12 months. 

Ord Minnett has a hold rating on this ASX healthcare share. 

In a new note, the broker said: 

Revenues rose 2% to $1.4 billion, in-line with consensus, while underlying earnings before interest, tax, depreciation and amortisation (EBITDA) grew 8% to $259 million, 1% shy of consensus. 

The FY26 EBIT margin of 1.8% was below consensus expectations of 2.0% reflecting the burden of a largely fixed-cost operating base.

Management has made progress in controlling costs, especially labour, but will need to do more if it is to offset headwinds from continued weak volumes and the Fair Work Commission’s (FWC) gender-based undervaluation decision on wages.

We increase interest cost assumptions which lowers our earnings estimates, and we do not see HLS returning to profitability until FY28.

Reflecting the earnings downgrades, the target price has been reduced from $0.56 to $0.49.

Tabcorp Holdings Ltd (ASX: TAH)

The Tabcorp share price is 96 cents, up 4.4% today and down 3% over 12 months. 

Evans has a sell rating on this ASX consumer discretionary share. 

The analyst said: 

The company generated group revenue of $2.636 billion in full year 2026, up 0.8 per cent on the prior corresponding period. Group EBITDA of $431.7 million was up 10.3 per cent.

In our view, a major challenge for Tabcorp is the highly competitive gambling industry and the underlying trend towards digital wagering amid the risk of potentially tighter regulations.

The company expects domestic wagering turnover growth in fiscal year 2027 to be broadly consistent with fiscal year 2026, excluding the FIFA World Cup.

The shares have fallen from $1.17 on May 1 to trade at 90 cents on September 17. Other stocks appeal more at this stage of the cycle.

The post Buy, hold, sell: Netwealth, Tabcorp, Healius shares appeared first on The Motley Fool Australia.

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Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Netwealth Group. The Motley Fool Australia has positions in and has recommended Netwealth Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.