Analysts give their verdict on ANZ shares: Should you buy?

MotleyFool05-08

ANZ Group Holdings Ltd (ASX: ANZ) shares have been on a good run. Since this time last week, the banking giant's shares have risen 3.15%. But can they keep rising from here? Let's see what one leading...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2433756263?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-08 06:29","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2433756263","market":"us","top_or_hot":-1,"title":"Analysts give their verdict on ANZ shares: Should you buy?","media":"MotleyFool","content":"<div>\n<p>ANZ Group Holdings Ltd (ASX: ANZ) shares have been on a good run. Since this time last week, the banking giant's shares have risen 3.15%. But can they keep rising from here? Let's see what one leading...</p>\n\n<a href=\"https://www.fool.com.au/2024/05/08/analysts-give-their-verdict-on-anz-shares-should-you-buy/\">Source Link</a>\n\n</div>\n","source":"motleyfoolau_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Analysts give their verdict on ANZ shares: Should you buy?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAnalysts give their verdict on ANZ shares: Should you buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-08 06:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com.au/2024/05/08/analysts-give-their-verdict-on-anz-shares-should-you-buy/><strong>MotleyFool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ANZ Group Holdings Ltd (ASX: ANZ) shares have been on a good run. Since this time last week, the banking giant's shares have risen 3.15%. But can they keep rising from here? Let's see what one leading...</p>\n\n<a href=\"https://www.fool.com.au/2024/05/08/analysts-give-their-verdict-on-anz-shares-should-you-buy/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4127","symbol_name":"投资银行业与经纪业","start_time":0,"source_url":"https://www.fool.com.au/2024/05/08/analysts-give-their-verdict-on-anz-shares-should-you-buy/","article_id":"2433756263","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433756263","pubTimestamp":1715120961,"sourceInfo":{"source_id":"motleyfoolau_stock","name":"MotleyFool"},"weMediaInfo":null,"summary":"ANZ Group Holdings Ltd  shares have been on a good run. Since this time last week, the banking giant's shares have risen 3.15%. But can they keep rising from here?Let's see what one leading broker is saying about the big four bank following the release of its half-year results. Half-year results review As a reminder, ANZ released its results on Tuesday and reported a cash profit of $3,552 million for the six months ended 31 March. This represents a 1% decline compared to the second half of FY 2023. Despite this decline, the bank increased its partially franked interim dividend to 85 cents per share and announced a $2 billion on-market share buyback. Are ANZ shares a buy?","collect":0,"end_time":0,"defaultTopTitle":"fool.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4127":"投资银行业与经纪业","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","BK4550":"红杉资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","ANZ.AU":"ANZ GROUP HOLDINGS LTD","BK4588":"碎股","BK7135":"综合性银行","BK4504":"桥水持仓","BK4552":"Archegos爆仓风波概念","BK7511":"ESG概念","LU0106831901.USD":"贝莱德世界金融基金A2"},"translate_title":"分析师给出了他们对ANZ股票的判断：你应该买入吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ANZ.AU":1},"content_text":"ANZ Group Holdings Ltd (ASX: ANZ) shares have been on a good run. Since this time last week, the banking giant's shares have risen 3.15%. But can they keep rising from here? Let's see what one leading broker is saying about the big four bank following the release of its half-year results. Half-year results review As a reminder, ANZ released its results on Tuesday and reported a cash profit of $3,552 million for the six months ended 31 March. This represents a 1% decline compared to the second half of FY 2023. Despite this decline, the bank increased its partially franked interim dividend to 85 cents per share and announced a $2 billion on-market share buyback. Are ANZ shares a buy? This is harder to answer than normal. That's because Goldman Sachs has responded to the result by retaining its buy rating on the bank's shares. However, the broker's improved price target of $28.15 (from $27.69) is a touch below the current ANZ share price of $28.79. So, if you were looking for share price returns, you may not be seeing any over the next 12 months. However, if you are looking for a source of income, then ANZ's shares could be worthy of a closer look. Goldman Sachs is forecasting dividends per share of $1.66 in both FY 2024 and FY 2025. This equates to partially franked dividend yields of 5.75% for investors. What did the broker say? Goldman remains positive on ANZ and its shares due to potential productivity benefits, institutional business, and discount to the rest of the sector. It explains:  We reiterate our Buy on ANZ, given i) we are seeing evidence of ANZ's ability to derive productivity benefits (A$201 mn in 1H24) and management noted there remains a large pipeline available which can be used to offset cost inflation. Furthermore, ii) the improving profitability of ANZ's Institutional business remains a key driver of our positive investment thesis. We continue to see upside for Group returns due to accretive mix shifts in the Institutional business towards higher ROE Payments and Cash Management business. Finally, the stock still trades at a 30% discount to the sector (ex-dividend adjusted) versus a 15-yr average discount 13%.  Is anyone else bullish? One leading broker that sees scope for ANZ shares to rise further is Jefferies. This morning, the broker has responded to the bank's results by retaining its overweight rating with an improved price target of $31.00 (from $29.00).","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2433756263"}