The Hydrix Ltd (ASX: HYD) share price is going gangbusters today, up a huge 70% to 27 cents at the time of writing after rising by as much as 77% in morning trade.

Below we take a look at the medical technologies company’s latest news.

What did Hydrix announce?

The Hydrix share price is soaring after the company reported Angel Medical Systems had advised it that the US Food and Drug Administration has approved its AngelMed Guardian System (AMSG3-E) for commercial release in the United States.

The implantable AngelMed Guardian device constantly monitors patients’ heart signals, alerting them of impending heart attacks. According to the release, it also warns against deadly silent heart attacks. The Guardian is now the world’s first FDA-approved implantable cardiac monitoring device.

Commenting on the approval, Hydrix executive chair Gavin Coote said:

This is a brilliant outcome for AngelMed and Hydrix. The Guardian is a game-changer in cardiac monitoring. It is the world’s only implantable device that can alert a person of an impending heart attack and has the potential to transform patient quality of life.

The FDA approval clears the way for Hydrix to complete regulatory submissions in Asia-Pacific markets commencing with Australia and Singapore.

AngelMed’s CEO, Brad Snow added, “We are excited to commercially launch within weeks in the USA and look forward to supporting Hydrix with its plans to expand our reach into the Asia Pacific market and partner with us to develop next generation device features.”

The company said that with the FDA approval in hand, it will now submit applications for regulatory approvals in Australia and Singapore. It expects the Australian TGA regulatory approval process to take between 6–12 months, while Singapore’s HSA regulatory approval process is forecast to take 9–12 months.

Hydrix share price snapshot

Over the past 12 months the Hydrix share price is up 194%, leaving the 28% gains posted by the All Ordinaries Index (ASX: XAO) well behind.

Year-to-date, however, the Hydrix share price is flat, with much of its 12-month gains having been achieved on a single day last August,

The post Here’s why the Hydrix (ASX: HYD) share price is shooting 70% higher appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson

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Ben Miller, portfolio manager from Naos Asset Management, has outlined three principles when looking at smaller companies when targeting sustainable and growing dividends over time.

Naos has three investment listed investment companies (LICs) that are looking at smaller and microcap ASX shares, including Naos Emerging Opportunities Company Ltd (ASX: NCC) and NAOS Ex-50 Opportunities Company Ltd (ASX: NAC).

These are three principles that Mr Miller talked about:

Free cashflow

The first point was that the ability of a company to compound capital comes down to how a company utilises or re-invests a portion of its free cashflow. That could be acquisitions, re-investing into new operations, starting new divisions, reducing debt or building a bigger cash pile for the future.

A business that is paying out cash at the expense of growth of the business isn’t helping the long-term quality of that company.

Naos said that it likes to see capital-light businesses allocate some free cashflow to strategic and balance sheet initiatives as well as paying a dividend.

Mr Miller said that that a company that is generating sustainable income for investors should generally have a higher free cashflow than dividends.

Payout ratio

ASX listed companies have quite high dividend payout ratios compared to international shares – ASX payout ratios have been rising over the longer-term and play a factor in total shareholder returns according to Naos.

Mr Miller said that whilst there are company or industry specific, or even ownership specific, factors that may vary results, a general principle is that a very high dividend payout ratio can mean that dividends might not be sustainable over the longer-term.

When a business retains some profit, that can be a risk mitigation factor in the future if there’s something like a recession.

He also pointed out that a high dividend payout ratio may mean that businesses aren’t re-investing enough to stay ahead of the competition.

Mr Miller made the following comments about insights regarding boards:

A payout ratio can also provide investors with an insight into the intentions of the Board of directors. A very high payout ratio may highlight elements of a short-term focus and/or a volatile dividend profile may highlight elements of a lack of visibility around the long-term strategy of the business. As a general rule of thumb, the market doesn’t look favourably on cuts in dividends amounts without appropriate justification.

In our opinion, a capable Board is one which prudently builds the retained earnings balance at a rate greater than the dividend payments but is equally able to pay a steadily growing stream of dividends over the long term. By doing so, you are giving yourself a buffer in case of unexpected losses/impairments and are able to demonstrate good level of capital management competency upon which shareholders can depend.

Financing cashflows

Mr Miller also pointed to the fact that the cashflow statement should be the first thing that investors look at because it’s harder to “muddy the water”.

Naos pays particularly close attention to the financing cashflow section of the balance sheet.

The investment manager doesn’t like to see to businesses are regularly borrowing money without paying it back.

Sometimes a business can need to use borrowings for acquisitions or funding working capital. But a company that is living on debt and not generating free cashflow can lead to dividend cuts and a possible capital raising.

On this point, Mr Miller said:

A quick way to interpret the sustainability of the funding of dividends would be to compare dividend growth to debt growth. Artificially ‘holding up’ a dividend through debt is likely not a sustainable capital management decision.

Final thoughts

Mr Miller pointed out that avoiding yield traps is just as important as finding a good sustainable dividend.

He said that the compounding financial growth for a successful small company can translate into substantial dividend growth over time.

The post 3 factors for sustainable dividends from small ASX shares appeared first on The Motley Fool Australia.

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• Perpetual Ltd (ASX:PPT) share price sets new 52-week high
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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Westpac Banking Corporation (ASX: WBC) is reportedly nearing D-day for the sale of its Australian and New Zealand life insurance businesses.

The bank’s share price appears to have gotten caught up in today’s market weakness. At the time of writing, the Westpac share price is trading 0.7% lower at $25.70.

Let’s unpack the latest divestment development coverage.

Westpac’s life insurance offload looms

According to The Australian, Westpac could hand off its Australian and New Zealand life insurance units within the coming weeks in two separate deals.

JPMorgan is said to be conducting the auction of both units. Word on the street is the NZ auction is nearing a close. The sale might see the bank’s Kiwi life business fetch as much as $465 million.

It is believed that NZ’s Fidelity Life, Partners Life, and TAL are in the race for the New Zealand operations.

Closer to home, final bids for Westpac’s Australian life insurance unit were taken on Friday. The estimated $1.78 billion division is rumoured to have received binding offers from Resolution and TAL.

Life insurance is no easy money

Australia’s second-biggest bank has taken a page out of its ASX-listed peer’s book. Westpac is the last of the big four to wave goodbye to life insurance.

Additionally, the planned sale follows a significant fall in premiums year-over-year. In its second half FY20, Westpac wrote down roughly $406 million of the life division.

Some analysts had also been forecasting further writedowns over the proceeding 12 months.

Westpac’s leaner ASX-listed bank mission

Westpac’s divestment spree is a part of a bigger cost-reduction plan led by chief executive officer Peter King. The ambition is to cut costs by nearly 40% in four years by removing specialist businesses.

Such divisions include its general insurance operations, which has been auctioned off to Allianz. Additionally, the bank’s Pacific operations has been sold to Kina Securities Ltd (ASX: KSL).

More recently, the entire New Zealand Westpac division was up for consideration. However, the bank decided to retain its Kiwi banking operations.

The post Westpac’s (ASX:WBC) double life insurance divestment looms appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Perpetual Ltd (ASX:PPT) share price hit a new 52-week high this morning, reaching a top of $39.58. Perpetual shares have now gained more than 45% since their 52-week low of $27 back in November 2020.

After setting a new record the company’s share price has since slipped into the red, down 0.28% at the time of writing to $39.10.

Board reshuffling

The company also announced earlier today the appointment of a new non-executive director, Mona Aboelnaga Kanaan.

Regarding Aboelnaga Kanaan’s placement, Perpetual chair Tony D’Aloisio said:

We are delighted to welcome a director of Mona’s calibre to the Perpetual Board. Her deep industry knowledge and expertise, particularly in North America, will complement the Board’s mix of experience and skills, and will be invaluable to Perpetual as it continues its growth globally following the recent acquisitions of Trillium Asset Management and Barrow Hanley Global Investors.

The appointment is effective today.

Perpetual share price snapshot

Shares in the company, which has been a part of Australia’s financial services industry since 1886, have climbed 11% year-to-date, outpacing the S&P/ASX 200 Index (ASX: XJO), which has posted just 9%.

On current prices, Perpetual has a market capitalisation of around $2.2 billion, and trades at a price-to-earnings ratio (P/E) of around 32. Trading volume in Perpetual shares is also 40% today higher than the 20-day average for this time of day.

The post Perpetual Ltd (ASX:PPT) share price sets new 52-week high appeared first on The Motley Fool Australia.

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The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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ASX industrial chemicals company Incitec Pivot Ltd (ASX:IPL) has been something of a surprise success story over the last 12 months. Despite a recent pullback, its share price has gained more than 20% over the past year, rising to $2.43 at the time of writing. However, after a disappointing first half FY21 result that was impacted by outages in some of its North American manufacturing facilities, investors will be watching the company intently over the next few months. 

Company Background

Incitec Pivot is a global company specialising in the manufacture and distribution of fertilisers, industrial chemicals, and explosives. It is the largest producer of fertiliser in Australia, supporting the grain, cotton, pasture, dairy, sugar and horticulture industries, mainly across the east coast of Australia.

Incitec also provides explosives to mining and construction companies (among others) across Australia and North America. The company has a global reach, with more than 20 wholly-owned manufacturing facilities located across the US, Canada, Australia, Mexico, Indonesia and Turkey, and several joint ventures operating in other countries.

Recent Financials

As mentioned earlier, Incitec recently released some underwhelming first half FY21 financial results. The company reported a 7% drop in revenue versus the prior comparative period (to a little over $1.7 billion), while earnings before interest and tax expenses (EBIT) declined by 31% to $110.2 million. The result was adversely impacted by planned (and unplanned) interruptions across its North American manufacturing facilities, offset by favourable commodity prices and a strengthening Australian dollar.

Outlook

Incitec is forecasting a significant turnaround over the second half of FY21. The company claims to have significant stores of ammonium phosphate on hand, enough to realise more than $25 million in profit if they were to be sold at current prices.

Incitec has also flagged that there will be fewer interruptions across its manufacturing facilities for the remainder of FY21. Three “turnarounds” of its manufacturing plants were completed in the first half of FY21 – this is where a company will take an entire process or facility offline in order to restore and improve its operations.

These turnarounds alone resulted in a $59 million drag on earnings during the first half of FY21. However, with Incitec only planning to conduct one plant turnaround over the second half, the company (and its shareholders) will be hoping for a swift rebound in earnings.

One lingering issue for Incitec is its Waggaman ammonia plant in Louisiana. This facility was included in the turnaround program, but some significant issues were uncovered and it was subsequently taken offline again for repairs. Incitec estimates that the additional impact to the company’s FY21 EBIT stemming from the ongoing plant shutdown is a hit of between $33 million and $42 million. Getting this facility up and running again successfully will be a key short-term aim for Incitec.

The post The Incitec Pivot (ASX:IPL) share price has gained 20% in the last 12 months appeared first on The Motley Fool Australia.

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Motley Fool contributor Rhys Brock has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

It’s inevitable that Amazon (NASDAQ: AMZN) will surpass Walmart (NYSE: WMT) in total merchandise sales in the U.S. at some point. One’s growing sales volume more than 20% every year, the other is growing in the low single digits.

But few analysts expected Amazon to overtake the retail giant so quickly. An April report from e-commerce data company Edge by Ascential said Amazon won’t pass Walmart until 2025. But J.P. Morgan analyst Doug Anmuth thinks Amazon will pass Walmart in U.S. sales next year. And his assumptions are well within reason.

Where we stand today

Americans spent nearly $818 billion with online retailers over the last 12 months, according to the U.S. Census Bureau.

Amazon holds a market share of approximately 40% of all online sales in the U.S., which puts its gross merchandise volume over the last 12 months around $327 billion. And don’t forget, Amazon has a “small” physical retail operation that’s brought in over $15 billion in revenue over the last four quarters. That puts its total retail volume around $340 billion.

Walmart U.S. and Sam’s Club generated combined revenue of $439 billion over the last four quarters. While Walmart also operates a third-party merchant marketplace — of which Walmart only counts a percentage of sales as revenue — it represents a relatively small portion of sales. It also includes gasoline sales in its revenue, which shouldn’t count as retail sales. 

So, as we stand today, Amazon is still about $100 billion or so behind Walmart. That’s a big gap to make up in just seven quarters. But Anmuth believes Amazon’s gross merchandise volume excluding its physical stores will climb to $377 billion this year and reach $457 billion in 2022. 

Can Amazon grow U.S. sales volume around 20%? Absolutely

The growth in U.S. e-commerce has remained resilient even as more people get vaccinated and become more comfortable with shopping in stores again. People started using Amazon.com and other online marketplaces for more items in 2020, and those shopping habits are sticking. Even so, e-commerce represented less than 15% of all retail over the last year.

There’s a lot of room for e-commerce to take share of total retail sales, which ought to lead to sustainable double-digit growth. Amazon has, historically, grown its share of e-commerce sales over time, despite increasing competition. That’s in large part thanks to the network effect of its Prime membership and Fulfilled by Amazon programs.

As such, a growing portion of Amazon’s online sales come from third-party merchants using its warehouses and logistics networks to provide speedy delivery to Prime customers. As a result, Amazon’s gross merchandise volume should be able to sustain growth rates faster than total online retail.

In order for Amazon to reach Anmuth’s estimates, it only has to grow gross merchandise volume by about 20% per year this year and next. That’s well within reason for Amazon.

The biggest retailer puts a big target on Amazon’s back

Surpassing Walmart as the country’s largest retailer is a big milestone for Amazon and its investors. It shows the strength of Amazon’s core business and the advantages it holds in e-commerce.

That said, it puts an even bigger target on Amazon’s back, which has faced growing pressure from regulatory authorities over the years. Amazon has often defended itself pointing out it only accounts for a small portion of all retail sales. With Lina Khan, a big Amazon opponent, now chairing the Federal Trade Commission, and Amazon’s growing dominance of U.S. retail, the pressure will continue to mount. Regulatory changes present a growing risk for Amazon shareholders.

Amazon’s growth story — not just in retail, but cloud computing and advertising as well — remains too compelling to eschew the stock as too risky. Still, it’s something investors should be cognizant of when considering Amazon’s stock.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post Amazon could surpass Walmart as America’s largest retailer by next year appeared first on The Motley Fool Australia.

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Adam Levy owns shares of Amazon. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Amazon. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has recommended the following options: long January 2022 $1,920 calls on Amazon and short January 2022 $1,940 calls on Amazon. The Motley Fool Australia has recommended Amazon. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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It’s only Monday, but already the Yojee Ltd (ASX: YOJ) share price is off to a flying start this week. Yojee shares are up a healthy 31.11% at the time of writing, trading at 17 cents a share. That comes after the company previously closed at 14 cents a share last Friday.

So what might be going on today to cause such a dramatic jump in this software company’s valuation?

A business update…

Well, it appears that a business update that Yojee released to investors this morning just before the market open might be the primary catalyst for this move today.

In this update, Yojee informed the markets that it has signed a major expansion agreement with an “existing global enterprise customer”. This agreement will, according to Yojee, “clear the way for deployment from one country at present to 18 additional countries across APAC [Asia Pacific Region].

Yojee said the agreement covered “major parts of the customers’ operations including distribution and warehousing logistics along with e–commerce”. It is also effective for a minimum term of 3 years across these 18 countries.

Here’s some of what Yojee managing director Ed Clarke had today on this announcement:

We are pleased to report this latest development, coming only a short time following announcing an expansion order in the Philippines last week with the same global enterprise customer. Importantly, this significantly increases Yojee’s directly addressable revenue–generating parcel movements…

Our embedded growth roll-out strategy is materialising as expected and supports our goal of rolling-out to 126 Logistics Hubs over 3 years with global enterprise customers whom we are already working with operating in APAC. With nearly $20m of cash to fund this growth, our team is confident and focused on creating great customer outcomes.

Evidently, investors are sharing in this optimism today, judging by the performance of the Yojee share price today so far

About the Yojee share price

Yojee is an ASX tech company specialising in cloud-based logistics. Its online platform is supplied on a software-as-a-service (SaaS) model, with customers paying a monthly fee to use the service. Although the Yojee share price is on fire today, the company’s success over the past year or two has been more patchy.

Yojee shares are currently down more than 35% from the 52-week high of 29 cents that we saw back in September last year. They are also down 20% year to date so far in 2021. However, the company is up 167% over the past 5 years.

At the current Yojee share price, the company has a market capitalisation of $171.65 million.

The post Here’s why the Yojee (ASX:YOJ) share price is up 31% today appeared first on The Motley Fool Australia.

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Motley Fool contributor Sebastian Bowen has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Kogan.com Ltd (ASX: KGN) shares had a bumper start to the week. In early trade, the Kogan share price leapt by 10.2% to an intraday high of $13.45. At the time of writing, however, Kogan shares have retreated back to $12.20 — flat for the day so far.

With no market-sensitive news from the company, let’s take a look at what might have been boosting Kogan shares on Monday.

COVID-19 winners making a comeback?

Major COVID-19 winners in the e-commerce sector seem to be making a comeback on Monday.

Alongside the rising Kogan share price, Redbubble Ltd (ASX: RBL) and Temple & Webster Group Ltd (ASX: TPW) shares are also up 6.3% and 7.18% respectively.

These e-commerce shares are grinding higher despite the S&P/ASX 200 Index (ASX: XJO) sliding 0.07% at the time of writing. Meanwhile, the S&P/ASX Consumer Discretionary Index (ASX: XDJ) has also slipped 0.02% today.

Today’s bounce for Kogan and its e-commerce peers comes following increasing travel restrictions around Australia, including lockdowns across Greater Sydney, Western Australia and the Northern Territory.

Credit Suisse is bullish on the Kogan share price

Credit Suisse is looking past the near-term challenges for Kogan and is an avid believer in its medium-term growth trajectory.

On 25 June, the broker had an outperform rating and $17.93 target for the Kogan share price.

Foolish takeaway

A disappointing third-quarter update in April and profit downgrade in May sent the Kogan share price to as low as $8.70.

By June, Kogan shares managed to find their footing around the $10 level and are now up by almost 20% this month.

The company’s shares temporarily clawed their way back up to a 2-month high this morning but are currently still down by around 36% year to date.

Based on the current share price, Kogan has a market capitalisation of around $1.37 billion.

The post The Kogan (ASX:KGN) share price jumped 10% this morning appeared first on The Motley Fool Australia.

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Motley Fool contributor Kerry Sun has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Kogan.com ltd and Temple & Webster Group Ltd. The Motley Fool Australia owns shares of and has recommended Kogan.com ltd. The Motley Fool Australia has recommended Temple & Webster Group Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Gold Road Resources Ltd (ASX: GOR) share price is deep in negative territory today. This comes after the gold mining company provided a quarterly production update to the ASX.

At the time of writing, Gold Resources shares are down 7.25% to $1.32.

Let’s take a look at how the company has performed for the last 3 months.

How did Gold Resources perform for the quarter?

Investors are heading for the hills, selling Gold Resources shares following a disappointing production update.

According to its release, Gold Resources announced it will fail to meet its gold production targets at the Gruyere Gold Mine.

The company advised that disruptions caused to processing plant operations are to blame. A mill feed conveyer belt became torn, thus requiring specialist personnel and equipment to replace the part. While the milling circuit was shut down to make the changeover, a coupling on the ball mill stopped working. As a result, processing rates temporary slowed down, with only the SAG in operation.

Repairs were made to the ball mill last Friday, with the processing plant returning to normal loads during the weekend. Gold Resources noted that it is currently investigating the cause of the issue to prevent any future occurrence.

For the June quarter, the company is expecting gold production to stand between 52,000 ounces and 55,000 ounces. All-in Sustaining Costs (AISC) is estimated to be in the range of $1,675 to $1,800 per ounce of gold.

Looking at the 2021 calendar year, Gold Resources is projecting to achieve gold production at the lower end of its guidance. The company is forecasting 260,000 to 300,000 ounces of gold with an AISC of $1,325 to $1,475. Higher maintenance and labour costs coupled with the lower June quarter production are said to be the main contributing factors.

Gold Resources share price summary

In the past year, Gold Resources shares have trodden almost 20% lower. However, in 2021, the company’s share price is relatively flat.

Gold Resources has a market capitalisation of roughly $1.1 billion, with more than 880 million shares on its registry.

The post Gold Resources (ASX:GOR) share price sinks 7% on production update appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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If you’re looking to boost your portfolio with some quality shares, then you might want to look at the ASX 50 index. This index is home to some of the largest and highest quality shares on the Australian share market.

One ASX 50 share that could be worth considering is CSL Limited (ASX: CSL).

Why CSL?

CSL is one of the world’s leading biotechnology companies. It comprises two businesses, CSL Behring and Seqirus. The former is a specialist in plasma-based products, whereas the latter business specialises in vaccines.

Combined, the two businesses have been underpinning solid sales and profit growth for CSL in recent years. And while plasma collection headwinds could subdue CSL’s near term growth, its long term outlook appears very positive. This is thanks to increasing demand for its core therapies and vaccines, and its lucrative research and development (R&D) pipeline.

In respect to the latter, thanks to its consistent investment in R&D (~11% of sales each year), CSL has a pipeline filled to the brim with products that have the potential to generate millions and potentially even billions of dollars in sales each year.

One of these is CSL112, which is a novel apolipoprotein A-I infusion therapy that has been shown to have an immediate and significant impact on the ability to remove cholesterol from arteries. Its phase 3 trial is enrolling more than 17,000 patients from approximately 1,000 medical centres across the world, with the results due at the end of the year.

Another is is clazakizumab, which is being developed to treat kidney transplant rejection. This product alone could generate peak sales of US$5.4 billion.

Is the CSL share price in the buy zone?

While opinion is admittedly divided on whether the CSL share price is in the buy zone right now, one broker that is bullish is UBS.

It currently has a buy rating and $330.00 price target on the company’s shares. Based on the latest CSL share price, this implies potential upside of almost 15% over the next 12 months.

The post Why CSL (ASX:CSL) could be an ASX 50 share to buy appeared first on The Motley Fool Australia.

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• ASX 200 up 0.3%: CSL downgraded, Zip drops, Charter Hall impresses

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended CSL Ltd. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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