Transurban Group Ltd (ASX: TCL) shares have fallen around 0.5% in Tuesday lunchtime trade to a 52-week low of just $13.21.

At one point this morning, the shares were trading as low as $13.18.

Today’s decline means the shares have also now shed around 13% of their value since reaching a 16-year high of $15.61 in mid-June.

What caused Transurban shares to fall to an annual low?

The toll road operator’s share price decline accelerated after the company posted its FY26 results and distribution guidance in mid-August. 

Transurban reported a 7.5% increase in its proportional operating EBITDA and a 6.7% increase in its proportional toll revenue growth. The company’s EBITDA margin also increased to 75.7%, up from 74.9% in FY25.

Management declared a FY26 dividend of 69 cents per share, up 6.2% from FY25.

Management also gave guidance for a higher distribution of 72 cents per share in FY27, but warned that free cash coverage is expected to fall slightly below their targeted 95% to 105% range.

But investors seem concerned about Transurban’s rising debt-servicing costs, prompting questions about whether it is trading at a stretched valuation.

News in late-August that Transurban has been selected to deliver Tennessee’s I-24 Choice Lanes project, in partnership with Ferrovial and Tikehau Star Infra, hasn’t helped boost confidence either.

The 26-mile project has an estimated construction value of US$9.2 billion and a total concession value of around US$24.8 billion.

Again, Transurban’s August traffic growth report didn’t bring more investors back into the stock. The company reported groupwide average daily traffic (ADT) growth of 3.4% in August year-on-year. It noted particularly strong results in North America and continued momentum in Sydney and Melbourne.

Can the share price rebound?

It looks like brokers are also reserved about the company’s outlook.

TradingView data shows that the majority (11 out of 14) have a hold rating on Transurban shares. But after the latest share price decline, there could still be some upside ahead. The $13.87 average target price implies around a 5% upside ahead, at the time of writing.

Morgans confirmed its trim rating on Transurban shares after the company posted its FY26 results last month. The broker now has a $12.53 target price on the shares, implying some more downside ahead.

It noted that the company’s free cash flow guidance suggests Transurban is a slower-growth stock than its trading yield implies.

“If TCL were repriced to APA Group’s yield the share price would trade down towards our $12.53 target price,” Morgans said.

The post Can Transurban shares rebound from a 52-week low? appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies 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 Transurban Group. The Motley Fool Australia has positions in and has recommended Transurban Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The S&P/ASX 200 Index (ASX: XJO) has climbed slightly higher on Tuesday off the back of easing oil prices and an increase in interest in tech or AI shares. 

Let’s find out how major stocks South32 Ltd (ASX: S32), Cochlear Ltd (ASX: COH), and Westpac Banking Corp (ASX: WBC) are tracking this week, and what brokers are forecasting to happen next.

Brokers rate South32 shares a buy

South32 shares are trading at $4.88 each at the time of writing. The current trading price represents an 8% decline from the company’s multi-year high of $5.30 in early September. In fact, South32 shares have rallied strongly over the past year and are now around 86% higher than they were 12 months ago.

In August, the miner posted a couple of good-news announcements that had investors jumping for joy.

It announced a substantial jump in its ore reserve estimate at its Sierra Gorda mine, which extends the mine’s reserve life by another five years, to 2045. The Sierra Gorda copper mine, in which South32 holds a 45% stake, is a large, open-pit operation in northern Chile. 

The announcement was followed soon after by South32’s impressive FY26 earnings result. The miner posted a 1% increase in revenue from continuing operations, a 28% increase in EBITDA, and a 55% increase in underlying earnings.

The company also declared a final fully-franked dividend of 5.4 US cents per share for FY26, which is almost double the miner’s final dividend for FY25.

And it looks like brokers are bullish that the shares can now rebound close to the multi-year highs we saw a couple of weeks ago.

According to Market Index data, the majority of brokers have a buy rating on South32 shares. And the $5.13 average target price implies an upside of around 5% at the time of writing.

Brokers rate Westpac shares a sell

Westpac shares have come under pressure over the past six weeks amid renewed inflation concerns, interest rate fears, and a weakening Australian property market.

Westpac shares are trading at $34.94 at the time of writing, representing a 10% year-to-date decline and roughly 9% lower than 12 months ago.

The ASX bank stock posted its third-quarter FY26 update in early August. And while the result was good on the surface, including a 1% increase in operating income and a steady net interest margin of 1.89%, Westpac also raised some red flags around weaker mortgage demand.

Westpac’s mortgage application volumes declined through the period as competition intensified and borrowers continued to navigate interest-rate uncertainty. The bank said that mortgage growth is likely to continue to be challenging.

Market Index data shows that brokers have now lost confidence in the ASX bank stock. The majority of experts have a sell rating in Westpac shares and the $34.18 average target price implies a downside of around 2% over the next 12 months, at the time of writing.

Brokers rate Cochlear shares a hold

Cochlear shares have staged an impressive rebound since hitting a 10-year low of just $90 each in late-April. At the time of writing, the shares have now recovered around 57% and are changing hands at $140.82 a piece. For the year-to-date the shares are still down around 46%, and they’re 52% lower than 12 months ago.

It’s clear that investor sentiment has been consistently recovering, boosted by renewed investor interest in ASX healthcare shares overall.

The company has also posted a couple of good-news announcements which have helped boost investors confidence further. 

In July, Cochlear announced that its hearing implant systems will continue to be imported into the US duty-free after the US Government released its findings from a series of Section 301 investigations. 

The following month, management posted an impressive FY26 result, including underlying net profit of $322 million, down 22% but right at the top end of guidance.  

And looking ahead to FY27, Cochlear expects low-single-digit constant currency revenue growth and an underlying net profit between $330 million and $350 million. 

According to Market Index data  the majority of brokers have a hold rating on Cochlear shares. But after the latest share price rally, the $126.07 average target price implies a downside of around 10% at the time of writing.

The post South32, Cochlear, Westpac shares: Buy, hold or sell? appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies 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 Cochlear. The Motley Fool Australia has recommended Cochlear. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

WiseTech Global Ltd (ASX: WTC) shares have jumped higher on Tuesday.

At the time of writing, ASX tech shares are up around 5% and trading at $33.31 apiece.

The increase is a welcome reprieve for investors after the stock fell 23% over the past month, off the back of its FY26 results. The company posted earnings that were in line with analyst expectations, but its EBITDA figures came in short of market forecasts. Investors weren’t thrilled.

Despite today’s increase, WiseTech shares are still down around 51% for the year-to-date. They’re also 66% lower than just 12 months ago.

For context, the S&P/ASX 200 Index (ASX: XJO) is up slightly, around 0.2% for the year-to-date, but around 1% lower than 12 months ago.

It’s not all bad news for WiseTech shares. Here are three reasons to add the tech stock to your portfolio this year, and three reasons to sell up.

3 reasons to buy WiseTech shares

1. WiseTech has a strong competitive edge

WiseTech’s CargoWise platform is deeply embedded in the global logistics industry. The platform is difficult to replace, and this gives the company both security and a strong competitive advantage amongst its peers. If global trade volumes keep expanding and supply chains become more digital, WiseTech could become a dominant software provider in the logistics industry.

2. The business is performing well

WiseTech reported that it has raised its annual earnings and flagged growth for FY27 in line with analysts’ expectations. Last month, the company reported a significant 46% increase in EBITDA to US$558.4 million for the 12 months through to the 30th of June. The result was in line with the company’s $550 million to $585 million guidance figures. It may have come short of market expectations but this level of EBITDA increase inside a 12-month period shows that the business is performing well.

3. Brokers tip a strong upside ahead

According to Market Index data, all brokers have a strong buy rating on WiseTech shares. The $58.88 average target price implies a potential upside of around 77%, at the time of writing.

3 reasons to sell WiseTech shares

1. AI anxiety

WiseTech shares have been caught up in a tech-sector-wide sell-off over the past 18 months as investors increasingly sold their tech shares amid growing fears that companies’ core services could be replaced by AI. The AI anxiety has been driven further by news of WiseTech’s AI-driven restructure and job cut plan. 

2. Governance concerns and regulatory issues

It’s no secret that the company’s shares have also come under pressure this year following a series of updates and media reports around governance concerns and regulatory issues. These included investigations into founder Richard White by the Australian Federal Police and recent news that the Australian Competition and Consumer Commission (ACCC) executed a search warrant on the company. ASIC and the AFP also searched WiseTech Global’s headquarters in late October 2025.

3. WiseTech’s dividend yield is low

If passive income is your goal, WiseTech isn’t the stock for you. The company is still in the transitional growth phase, and while it does pay its shareholders two full-franked dividends per year, they come with a very low dividend yield. For FY26, the company paid shareholders 22 cents per share, which equates to a dividend yield of around 0.7% at the time of writing, which is well below the market average.

The post WiseTech shares: 3 reasons to buy and 3 reasons to sell appeared first on The Motley Fool Australia.

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• WiseTech shares have been smashed in 2026. Here’s why I wouldn’t bet against them

Motley Fool contributor Samantha Menzies 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 WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.