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There’s one group of ASX stocks that just got a big valuation boost by the analysts at Macquarie Group Ltd (ASX: MQG).

These are ASX nickel miners as the broker lifted its price forecast for the commodity due to growing demand from battery makers.

Nickel is a key ingredient in batteries that are used by electric car manufacturers, such as Tesla Inc (NASDAQ: TSLA).

The nickel price on supercharge

Traditional car makers are also joining the electrification rush. The world’s largest car maker, Volkswagen (VW), is on track to become a market leader, reported CNN.

VW sold 231,600 battery electric vehicles in 2020. While that’s less than half of what Tesla sold, it still represents a 214% increase over the previous year.

The price of electric cars are also dropping fast. Even Tesla is committing to building budget models that will narrow the gap between combustion engine and electric vehicles. Falling prices will be a major catalyst for mass adoption.

ASX nickel miners with the biggest upgrades

Macquarie boosted its FY21 and FY22 nickel price forecast by 7% and 8%, respectively. It also upgraded its medium-term assumptions with price increases of 11% to 13% for each of the following three years to FY25, when the nickel is tipped to fetch US$8.28 a pound.

This means significant valuation upgrades for ASX nickel producers. The Western Areas Ltd (ASX: WSA) share price sees the biggest uplift to its FY21 earnings forecast due to its large leverage to the nickel price.

Macquarie increased its earnings estimates on the miner by 106% for the current financial year and 182% in FY22.

Best ASX nickel stocks to buy

The broker’s price target on the WSA share price is boosted by 18% to $3.30 a share and it’s one of Macquarie’s favourite buys in the sector.

The other is the Nickel Mines Ltd (ASX: NIC) share price with Macquarie lifting its FY22 earnings forecast by 44% and FY23 forecast by 65%.

This sees the NIC share price target improve by 17% to $1.40 a share.

ASX nickel explorers to watch

But the stock that got the biggest valuation boost is the yet-to-turn-a-profit Panoramic Resources Ltd (ASX: PAN) share price.

Its price target got a 23% supercharge to 16 cents, although Macquarie prefers the Mincor Resources NL (ASX: MCR) share price among explorers. The broker would pick Mincor over Panoramic for the former’s development and exploration upside.

More reading

• Will the ASX see a share market bubble in 2021?
• Here are the US shares ASX investors are buying in 2021 so far
• Leading broker names the ASX resources shares to buy in 2021
• Elon Musk is now world’s wealthiest person
• We’re in a massive bubble: This is when it’ll pop

Brendon Lau has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends Tesla. 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 Australian domestic aviation market is not big enough for 3 airlines, according to Qantas Airways Limited (ASX: QAN) chief Alan Joyce.

In March, Regional Express Holdings Ltd (ASX: REX) is starting flights between Australia’s 3 biggest cities – Sydney, Melbourne and Brisbane.

With the newly private Virgin Australia and Qantas already operating, Joyce doesn’t think all 3 can survive a post-COVID price war.

“This market has never sustained three airline groups and it probably won’t into the future,” he told the Reuters Next conference.

“You can be guaranteed that Qantas will be one of them. It’s who else is going to be in the market place post this and into the future that’s going to be interesting.”

Regional Express is traditionally a rural and regional carrier but decided last year to enter the big city market.

Last month Rex received bureaucratic approval to fly Boeing 737-800NG aircrafts, preparing it for a March launch into the lucrative Sydney-Melbourne-Brisbane triangle.

Before the coronavirus pandemic arrived, Sydney-Melbourne was the second busiest air route in the world, behind Seoul-Jeju in South Korea.

History is on the side of Joyce’s opinion, with companies like Ansett and Virgin falling into financial trouble even as the second player.

Joyce himself worked at Ansett in the 1990s.

As a fightback against Rex, Qantas has started flying some rural routes. This prompted the smaller incumbent to complain to the competition watchdog for flooding the market.

The Qantas share price is up 0.2% at the time of writing while the Regional Express share price has dropped 2.39%.

COVID-19 resurgence puts Qantas back 3 months

Qantas last month forecast it would return to more than 60% of pre-pandemic levels of domestic operations by Christmas and almost 80% in the March quarter. Its budget brand Jetstar even predicted it would exceed pre-COVID activity by March.

Then a resurgence of the virus struck in Sydney, Melbourne and Brisbane.

“This latest outbreak has probably set us back three months,” Joyce said. 

“Our forecast now is for the third quarter for the financial year… we will be at 60% of pre-COVID domestic capacity levels.”

The airline predicts it would then reach 80% of pre-virus operations during the quarter ending June.

Internationally, the Australian Government is yet to reveal any plans to reopen borders. But Qantas last week started selling tickets for July onwards.

“We have the flexibility to manage that schedule depending on what the decision is going to be.”

Joyce reiterated his previous comments passengers would require to show proof of vaccination before boarding a Qantas plane.

The Australian Government will start distributing coronavirus vaccines next month with a plan to have the entire population done by October.

More reading

• Qantas (ASX:QAN) sells international flights for July
• Does the Rex (ASX:REX) share price have enough tailwind to keep soaring in 2021?
• 5 things to watch on the ASX 200 on Monday
• The ASX sectors hardest hit by COVID-19 in 2020
• 2020 ASX recap of the year we’ll never forget

Motley Fool contributor Tony Yoo owns shares of Qantas Airways Limited. 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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After a few wobbles this week, the Afterpay Ltd (ASX: APT) share price has found its feet and is charging higher on Thursday.

In afternoon trade the payments company’s shares are up almost 10% to $120.79.

This leaves the Afterpay share price trading within touching distance of its record high of $123.40.

Why is the Afterpay share price charging higher?

As well as getting a lift from improving sentiment in the buy now pay later sector today following Affirm’s successful listing in the United States last night, Afterpay’s shares appear to have been boosted by a bullish broker note released this morning.

According to a note out of Morgan Stanley, its analysts have retained their overweight rating and lifted their price target on the company’s shares by 13% to $136.00.

Even after today’s strong gain, this price target implies potential upside of over 10% for its shares.

Why is Morgan Stanley bullish on Afterpay?

The broker has been looking into app downloads and notes that the Afterpay app has been experiencing significant demand in the United States and United Kingdom markets.

In light of this, Morgan Stanley is forecasting that the company will report active customers of approximately 13.6 million for the first half of FY 2021. This represents a 37.4% increase from 9.9 million active customers at the end of FY 2020.

And with Afterpay reporting 11.2 million active customers at the end of the first quarter, this will be a 21.4% increase in just the last three months.

As a result of this potentially stronger than expected customer growth, Morgan Stanley has increased its revenue forecasts accordingly.

Pleasingly, the broker doesn’t expect Afterpay’s strong revenue growth to end any time soon. Thanks to growth in existing markets and its expansion into new ones, Morgan Stanley believes Afterpay is well-placed to deliver a compound annual growth rate (CAGR) of over 60% over the next three years.

More reading

• Could this be why Afterpay (ASX:APT) and other BNPL shares are soaring today?
• ASX 200 up 0.3%: Afterpay surges, Pro Medicus rockets on $40m contract, Whitehaven rises
• Why Afterpay, Australian Ethical, Pro Medicus, & Sezzle shares are charging higher
• 4 ways to lose all your money
• 5 things to watch on the ASX 200 on Thursday

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of AFTERPAY T FPO. 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 Vmoto Ltd (ASX: VMT) share price is surging higher today. This comes after the scooter manufacturer and distribution company announced it has secured a $13 million order from Greenmo Group.

Based in Europe, Greenmo Group provides electric vehicles to rent for food and parcel delivery companies. The business has seen explosive growth in the environmentally friendly vehicle market.

During early afternoon trade, the Vmoto share price is up 15.8% to 47.5 cents.

What’s pushing the Vmoto share price higher?

Vmoto advised it has received an order of 5,904 electric scooters to manufacture for Greenmo. The contract, valued at $13 million, reflects the growing demand for environmentally friendly transport across Europe, which Greenmo aims to capture.

The rollout of the electric scooters is expected to complement Greenmo’s subsidiary, Go Sharing, which is a company that offers electric scooters rental services through its ride-sharing mobile application. The app allows users to locate, ride and return electric scooters to a number of locations.

The delivery of all 5,904 units is due to be completed within the first quarter of the financial year. The purchase represents a repeat order from Greenmo and Vmoto anticipates additional contracts will flow throughout FY21.

The company highlighted that it is progressing its international B2B sales strategy, which it considers as a large market opportunity. Vmoto revealed that its currently in negotiations with several existing and potential B2B customers to supply samples and complete trials.

Because of its zero carbon emissions, the company highlights that its strategy is supported by a number of initiatives from European governments that aim to boost electric vehicle adoption. It also noted that COVID-19 has heavily impacted public transportation, and sees its services as a way forward, post-pandemic.

Management comments

Vmoto managing director Mr Charles Chen welcomed the deal, saying:

We are very delighted to have secured this further significant order of 5,904 units from Greenmo Group. Greenmo Group, including GO Sharing, continues to grow from strength to strength in the Netherlands and beyond, having entered Turkey, Belgium, Germany and Austria as part of their aggressive global expansion plans.

Greenmo Group has been Vmoto’s partner for more than five years and we are excited to participate in Greenmo Group’s significant growth as their preferred electric scooter supplier for their ride-share and rental delivery offerings. We look forward to growing hand in hand together with Greenmo Group and expect to receive further significant orders from Greenmo in 2021 and beyond.

More reading

• Why the Vmoto (ASX:VMT) share price just soared 12% higher

Motley Fool contributor Aaron Teboneras 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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There are some S&P/ASX 200 Index (ASX: XJO) dividend shares that have consistent dividends and reasonably high yields.

It’s getting hard to generate any meaningful income from bank accounts with how low the Reserve Bank of Australia (RBA) has pushed the official interest rate.

Here are three ASX 200 dividend shares that have yields of approximately 3% or more:

Washington H. Soul Pattinson and Co. Ltd (ASX: SOL)

Soul Patts is the ASX 200 dividend share with the longest streak of consecutively growing its dividend each year. It has increased its dividend every year since 2000.

The company is an investment conglomerate. That means it has a wide array of investments across different industries like telecommunications, building products, resources, financial services, listed investment companies (LICs), pharmacies, agriculture and swimming schools. Its largest investment is TPG Telecom Ltd (ASX: TPG).

Each year, Soul Patts receives dividends and distributions from its investment portfolio. Soul Patts pays for its expenses and then pays out a dividend from the net operating cashflow.

The ASX 200 dividend share regularly diversifies its portfolio. It recently invested in several agricultural assets and it was unsuccessful at trying to buy aged care provider Regis Healthcare Ltd (ASX: REG).

Soul Patts currently has a grossed-up dividend yield of around 3%.

Brickworks Limited (ASX: BKW)

Brickworks is another ASX 200 dividend share with a long dividend record.

It hasn’t cut its dividend for over 40 years. One of the main contributors to that record has been that it has held a large amount of Soul Patts shares (it currently owns around 40% of the investment conglomerate).

The Soul Patts shares provide Brickworks with a stable source of earnings and a steadily-growing dividend.

Brickworks also owns half of an industrial property trust alongside Goodman Group (ASX: GMG). This trust is building quality buildings on excess land that was previously owned by Brickworks. Two of the newest and largest projects are high tech warehouses for Amazon and Coles Group Ltd (ASX: COL). Once those warehouses are completed it’s expected to grow the gross assets of the trust above $3 billion and it rental distributions will grow by 25%.

The ASX 200 dividend share relies on just these two assets to fund its dividend.

At the current Brickworks share price it has a grossed-up dividend yield of 4.5%.

Bapcor Ltd (ASX: BAP)

Bapcor is the biggest automotive parts business across the Australasia region. It has various segments including trade (Burson), retail (Autobarn), mechanics (ABS and Midas), truck parts (Tuckline) and wholesale (Precision Automotive).

The ASX 200 dividend share has been steadily increasing its dividend over the past several years, including a 2.9% increase of the FY20 dividend to 17.5 cents per share.

Bapcor recently revealed that its FY21 first-half profit has been revving higher during these strange times. For the first five months of FY21 to the end of November 2020, revenue was up 26%. Net profit after tax (NPAT) benefited from lower expenses in areas like travel and other areas of discretionary spending, as well as lower interest rates and the contribution from Truckline which wasn’t part of Bapcor in the prior corresponding period.

In the first half of FY21, Bapcor thinks revenue will grow by 25% and net profit will rise by at least 50%.

Wilson Asset Management is one of the fund managers that likes Bapcor for its rebounding performance, its strong market position and its ability to potentially make more acquisitions with a strong balance sheet.

At the current Bapcor share price it has a grossed-up dividend yield of 3.2%.

More reading

• This key ASX stock pick in the building sector has multiple re-rating opportunities
• Top brokers name 3 ASX shares to buy today
• 3 ASX shares to buy that fund managers love
• 2 ASX dividend shares for income investors
• 3 ASX dividend shares with yields above 4%

Motley Fool contributor Tristan Harrison owns shares of Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of and has recommended Bapcor, Brickworks, and Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia owns shares of COLESGROUP DEF SET. 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 Meridian Energy Ltd (ASX: MEZ) share price is slipping lower today on news the company has signed an exit deal with a global mining giant.

Shares in the energy company have dipped 0.95% to $7.29 at the time of writing. This continues its downward trend this week, with the Meridian share price dropping 20% in the last 5 days.

What happened

Meridian advised that miner Rio Tinto Limited (ASX: RIO) has accepted new contract terms for exiting the aluminium smelter at Tiwai Point in southern New Zealand.

Notably, the contract confirms Rio Tinto will continue operations at the smelter until December 2024 when the 4-year contract runs out.

The deal represents a step towards Meridian’s goal of decarbonisation and a greener future.

To this front, Meridian will now reconsider balance sheet flexibility and the timing of the Harapaki wind farm build. Despite gaining council approval in 2019, there is no confirmed construction date.

The company als0 advised today there will be no change to its dividend policy, with half year results announced on February 24.

Management comments

Commenting on the news, Meridian CEO Neal Barclay said:

We have worked hard to provide solutions that we believe were of lasting value to the smelter and acceptable to our shareholders. We’re pleased that Rio Tinto has accepted this offer, which will now provide certainty for the Southland community.

As a company we have planned for the eventual exit of the Tiwai Smelter. We’re excited about the opportunities that we have to accelerate decarbonisation, and we’re actively developing new growth opportunities.

About the Meridian share price

Meridian is New Zealand’s largest electricity provider that generates 100% of its energy from renewable sources. All the electricity supplied to customers comes from the electricity grid, which mixes a power supply from both renewable and non renewable sources.

The Meridian share price enjoyed a solid 2020, returning 42% to investors. In the process it easily outpaced the All Ordinaries Index (ASX: XAO) which returned -4%.

However, it has been a volatile start to 2021 with shares trading between $7.04 and $9.33, a difference of 33%. 

More reading

• BHP, Rio Tinto’s new copper mine under threat
• Iluka (ASX:ILU) share price surged higher on a potential $1bn+ valuation uplift
• The BHP (ASX:BHP) share price is Goldman Sach’s top pick for iron ore
• Rio Tinto (ASX:RIO)’s top growth project could be cancelled
• Here’s why the Fortescue (ASX:FMG) share price is up 12% in a month

Motley Fool contributor Daniel Ewing 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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Bitcoin’s price rise in 2020 may have increased its appeal among some investors. They may feel that it has momentum and could be a sound means of improving their retirement prospects.

However, the virtual currency carries significant risks that may derail its future performance. As such, following Warren Buffett’s tried-and-tested method of buying cheap shares in high-quality companies could be a less risky, and more profitable, means of planning for retirement.

Bitcoin’s major risks

Bitcoin may have made strong gains in 2020, but it continues to face significant risks. They include the fact that it has no fundamentals. Unlike shares, which have earnings and assets from which an investor can deduce their intrinsic value, the virtual currency’s price level is solely dependent on investor sentiment. As a result, its price can be volatile and susceptible to large movements without clear reason.

Since it has no fundamentals, investors cannot deduce whether its gains in 2020 mean that it is overvalued, fairly valued or undervalued. Buying any asset without a margin of safety versus its intrinsic value is likely to pose significant risks. It can mean disappointing returns, since investors may have already factored in a positive outlook.

Furthermore, Bitcoin has a limited size that may restrict its capacity to ultimately replace traditional currencies. Alongside its lack of infrastructure, this may mean that it has less real-world value than investors are currently anticipating. The end result could be that its price suffers, since investor expectations may not be met over the long run.

Following Warren Buffett in buying cheap shares

While Bitcoin has risen significantly in recent months, there are still a number of cheap shares that could deliver strong returns in the coming years. Many sectors remain out-of-favour with investors. In many cases this could be because of short-term challenges that gradually give way to more prosperous operating environments. This could mean there are a number of undervalued shares available to buy today in a wide range of industries.

Warren Buffett has become one of the wealthiest people on earth through simply buying attractive companies when they trade at low prices. As such, investors who are seeking to build a retirement portfolio can follow his method today to capitalise on a likely long-term stock market rally over the coming years.

Clearly, there are likely to be periods of volatility and uncertainty in 2021 that may mean Bitcoin outperforms shares at times in the short run. However, the track record of the stock market shows that high single-digit annual returns are very achievable from holding a diverse portfolio of shares.

And, with many attractive companies trading at cheap prices today, there may be opportunities to outperform the stock market as it recovers from the effects of the 2020 stock market crash.

More reading

• Why the Meridian (ASX:MEZ) share price is dropping lower today
• 3 ASX 200 shares to buy right now
• Top brokers name 3 ASX shares to sell today
• Why the Envirosuite (ASX: EVS) share price bumped up 6% today
• Why BrainChip, Pilbara Minerals, Premier Investments, & Tyro shares are dropping lower

Motley Fool contributor Peter Stephens 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 S&P/ASX 200 Index (ASX: XJO) is home to 200 of the largest companies on the Australian share market.

While not all of these shares are necessarily in the buy zone, a good number jump out as potential options.

Three that come highly rated are listed below. Here’s why they could be in the buy zone:

Altium Limited (ASX: ALU)

Altium is a leading printed circuit board (PCB) design software provider. These PCBs are found inside almost all electronic devices. Given the proliferation of electronic devices due to the artificial intelligence and internet of things markets, demand for its software platform has been very strong in recent years. And while the pandemic is having an impact on demand right now, management remains very positive on its long term growth trajectory.

Credit Suisse is a fan of the company and this week put an outperform rating and $35.00 price target on its shares.

Aristocrat Leisure Limited (ASX: ALL)

Another ASX 200 share to look at is Aristocrat Leisure. It is one of the world’s leading gaming technology companies and responsible for many of the most popular poker machines around. In addition to this, the company has a thriving digital segment which creates a wide range of games such as Raid: Shadow Legends, Toy Story Drop, and Big Fish Casino. This segment has millions of daily users generating recurring revenues. And with new releases strengthening its offering and casinos reopening, the company looks well-positioned for growth.

Citi notes that 2020 has been a difficult year, but believes the company will bounce back strongly and grow nicely over the medium term. The broker has a buy rating and $40.60 price target on its shares.

REA Group Limited (ASX: REA)

A final ASX 200 share to get better acquainted with is REA Group. It is the leading real estate listings company in the Australian market and owns several equivalents in international markets. FY 2020 was a difficult year because of the pandemic, but thanks to its excellent costs control, the company delivered a robust full year result. Pleasingly, it has started FY 2021 strongly and looks well-placed to accelerate its growth as trading conditions improve.

Morgan Stanley is positive on the company and has an overweight rating and $150.00 price target on its shares.

More reading

• Here’s what this leading broker thinks about the Altium (ASX:ALU) share price
• 5 things to watch on the ASX 200 on Thursday
• ASX 200 rises 0.1%
• Top brokers name 3 ASX shares to buy today
• ASX 200 down 0.3%: Altium sinks, Premier Investments rockets, energy shares rise

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 recommends Altium. The Motley Fool Australia has recommended REA Group Limited. 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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On Wednesday I looked at three ASX shares that brokers have given buy ratings to this week.

Unfortunately, not all shares are in favour with them right now. Three ASX shares that have just been given sell ratings by brokers are listed below. Here’s why these brokers are bearish on them:

Adbri Ltd (ASX: ABC)

According to a note out of Morgan Stanley, its analysts have downgraded this building products company’s shares to an underweight rating and cut the price target on them to $3.30. The broker believes the company’s shares are fully valued given its reasonably subdued growth outlook. In light of this, it feels there are better options elsewhere in the sector for investors right now. The Adbri share price has tumbled below this price target to $3.11 on Thursday afternoon.

Premier Investments Limited (ASX: PMV)

Analysts at Goldman Sachs have retained their sell rating but lifted their price target on this retail conglomerate’s shares to $20.80. According to the note, the broker doesn’t expect Premier Investments’ strong form to last beyond FY 2021. Goldman is forecasting earnings per share of $1.40 in FY 2021 but then $1.03 in FY 2022 and $1.09 in FY 2023. As a result of this, it feels its shares are expensive compared to peers based on its forwards earnings estimates. The Premier Investments share price is down to $24.63 this afternoon.

Reliance Worldwide Corporation Ltd (ASX: RWC)

Another note out of Morgan Stanley reveals that its analysts have retained their underweight rating and cut the price target on this plumbing parts company’s shares to $3.70. According to the note, the broker believes that risks are to the downside for its earnings. This is due to COVID lockdowns impacting demand and an increase in copper prices. The Reliance share price is trading at $3.86 on Thursday.

More reading

• Why BrainChip, Pilbara Minerals, Premier Investments, & Tyro shares are dropping lower
• Is it too late to buy Premier Investments (ASX:PMV) shares?
• 5 things to watch on the ASX 200 on Thursday
• ASX 200 rises 0.1%
• The Accent Group (ASX:AX1) share price just got hit by a broker downgrade

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 Reliance Worldwide Limited. The Motley Fool Australia owns shares of and has recommended Premier Investments Limited. The Motley Fool Australia has recommended Reliance Worldwide Limited. 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 Envirosuite Ltd (ASX: EVS) share price launched up almost 6% in opening trade today following release of the company’s second-quarter results. Its shares have since retreated to 17.5 cents at the time of writing, up 2.94%.

Despite gaining more than 13% over the past six months, the Envirosuite share price has dropped roughly 37% in the 12 months since January 2020.

Why the Envirosuite share price is lifting today

Envirosuite, which develops environmental management technology solutions, listed four key highlights in its quarterly sales update. The company reported $1.1 million in new annual recurring revenue (AAR) during the quarter, having hooked 19 new clients. Envirosuite renewed 37 contracts totalling $2.7 million.

The company earned $3 million in new non-recurring revenue and claims to have $12 million of new APR in unweighted pipeline looking ahead to quarter three. According to Envirosuite, this works out to more than 150 opportunities being pursued.

Other quarterly highlights include a three-year construction deal in the UK, two new airport wins in Europe and a new contract with one of Australia’s largest container ports.  

One billion shares outstanding

With one billion shares outstanding, the Institutional Brokers Estimates System (IBES) rates Envirosuite a buy. Curiously, the same Envirosuite share price report scored the company as a 2 out of 10 with a negative outlook. 

This score is calculated by evaluating a company’s earnings, fundamentals, relative valuation, risk and price momentum.

The major difference between these two perspectives is that the first one is from a human analyst, the second born out of artificial intelligence (AI).

The Envirosuite market cap presently sits at 174.4 million.

What did the CEO say?

Commenting on the quarterly performance, Envirosuite CEO Peter White said:

EVS continues to build out its product portfolio across air, water and noise as it creates world-leading predictive solutions across wastewater and water, mining, airports and industrial customers.

Envirosuite’s focus for 2021 continues to be on transforming our business model to produce higher gross margins through incorporating an ever increasing level of software and automation in our solutions and developing higher value products and outcomes for our customers as we cement our leadership in the environmental intelligence market.

More reading

• Why BrainChip, Pilbara Minerals, Premier Investments, & Tyro shares are dropping lower
• Why the Orthocell (ASX:OCC) share price is rocketing 23% higher
• Why the Ampol (ASX:ALD) share price is flat today
• Could this be why Afterpay (ASX:APT) and other BNPL shares are soaring today?
• Why this top broker thinks the Telstra (ASX:TLS) share price could surge ~40%

Motley Fool contributor Gretchen Kennedy 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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