I am seeing a lot about Ansell.
It has high overseas exposure and is a market leader but it certainly has not knocked the sock off over the last couple of years.
What is the Switzer team’s views on the stock?
A: I can’t see anything in Ansell’s restructuring announcement to get that excited about.
The company’s forecast EPS is $1.10 USD in FY 14 – at AUD $19.24, puts it on a multiple of 16.5 for this year. Certainly not cheap.
According to FN Arena, the brokers are marginally bearish on the stock, with an average ranking of -0.4 (scale -1.0 most negative to +1.0 most positive). The consensus target price is $19.85.
Not a ‘must have’ stock – my inclination would be to leave it alone.
