Transurban Group

TCL

AU000000TCL6

Highways & Rail Tracks

Market Closed - Australian S.E. Other stock markets 02:10:03 2024-05-21 am EDT			5-day change	1st Jan Change
12.28 ^AUD	-0.57%		-1.92%	-10.43%

May. 20	Transurban Repays AU$386 Million in Bank Debt	MT
May. 17	Former Transurban Employee Claims Firing Was Due to Whistleblowing	MT

Morgan Stanley rates TCL as Equal-weight

February 31, 2023 at 06:31 pm EST

In anticipation of 1H results due on February 7, Morgan Stanley forecasts Transurban Group's traffic volumes will exceed 2019 levels by 6% in FY23 and proportional revenue will rise by 43% compared to the previous corresponding period.

The Equal-weight rating is kept and $13.71 target is set. Industry view: Cautious.

Sector: Transportation.

Target price is $13.71.Current Price is $13.81. Difference: ($0.10) - (brackets indicate current price is over target). If TCL meets the Morgan Stanley target it will return approximately -1% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	MORGAN STANLEY	100.3 USD	+0.11%	+1.80%	163B
	TRANSURBAN GROUP	12.28 AUD	-0.57%	-1.92%	25.5B

Latest news about Transurban Group

Transurban Repays AU$386 Million in Bank Debt	May. 20	MT
Former Transurban Employee Claims Firing Was Due to Whistleblowing	May. 17	MT
NorthConnex Secures AU$205 Million 12-Year Bank Loan Facility	May. 14	MT
Transurban Group Appoints Commercial Chief as Part of New Operating Model	May. 13	MT
Transcript : Transurban Group - Analyst/Investor Day	May. 05
Transurban Group's Average Daily Traffic Up 0.9% in March Quarter	Apr. 17	MT
Transurban Group Reports Traffic Results for the March Quarter 2024	Apr. 17	CI
Transurban Reaches Financial Close on EUR1 Billion Issuance in Eurobond Market	Mar. 12	MT
Transurban Prices EUR1 Billion Issuance in Eurobond Market	Mar. 05	MT
Jarden Research Adjusts Transurban Group's Price Target to AU$12.70 From AU$12.90, Keeps at Underweight	Feb. 08	MT
Transurban Eyes City Expansion for Growth as Rising Daily Traffic Lifts First-Half Results	Feb. 08	MT
Transcript : Transurban Group, H1 2024 Earnings Call, Feb 08, 2024	Feb. 07
Transurban's Net Profit Surges in Fiscal First Half	Feb. 07	MT
Transurban 1st Half Net Profit Jumps, Distribution Guidance Unchanged -- Update	Feb. 07	DJ
Transurban 1st Half Net Profit Jumps, Distribution Guidance Unchanged	Feb. 07	DJ
Transurban Group Reports Earnings Results for the Half Year Ended December 31, 2023	Feb. 07	CI
Transurban Group Closes AU$800 Million US Private Placement	Dec. 25	MT
Transurban Appoints Gary Lennon as Non-Executive Director, Effective from 18 March 2024	Dec. 19	CI
Transurban Group Declares Interim Dividend	Dec. 12	MT
Transurban Group Announces Distribution for the Six Months Ending 31 December 2023, Payable on 13 February 2024; Provides Dividend Guidance for the Year 2024	Dec. 12	CI
Transurban Group Announces Opening of Westconnex Rozelle Interchange in Sydney	Nov. 26	CI
Serco hires former Transurban executive to be Asia Pacific CEO	23-10-25	AN
Transurban Group Announces Cessation of Terence James Bowen as a Director	23-10-19	CI
Transcript : Transurban Group - Shareholder/Analyst Call	23-10-18
Transurban Reaffirms FY24 Guidance as 1Q Traffic Hits Record	23-10-18	DJ

Chart Transurban Group

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Company Profile

Transurban Group is an Australia-based toll-road operator. Its principal activities include development, operation and maintenance of toll roads in Sydney, Melbourne and Brisbane, in Australia, and Montreal in North America, as well as investments in toll roads in Sydney in Australia and the Greater Washington Area in North America. Its roads and projects in Melbourne include CityLink and the West Gate Tunnel Project. Its roads and projects in Sydney include Cross City Tunnel, Eastern Distributor, Hills M2, Lane Cove Tunnel, M5 East, M5 South-West and others. Its roads and projects of Brisbane consist of AirportlinkM7, Clem7, Gateway Motorway, Go Between Bridge and others. Its roads and projects of North America include 95 Express Lanes, 395 Express Lanes, Fredericksburg Extension, 495 Express Lanes Northern Extension, Capital Beltway Accord Project and others. The West Gate Tunnel is an approximately 17-kilometer road connecting Melbourneâs west with the central city.

Sector

Highways & Rail Tracks

Calendar

2024-08-07 - Q4 2024 Earnings Release

Related indices

S&P/ASX 200

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Income Statement Evolution

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Ratings for Transurban Group

Trading Rating

Investor Rating

ESG Refinitiv

A-

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

12.35 AUD

Average target price

13.24 AUD

Spread / Average Target

+7.21%

Consensus

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Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Highway Operators

Transurban Group

Equities

TCL

AU000000TCL6

Highways & Rail Tracks

Morgan Stanley rates TCL as Equal-weight

Stocks mentioned in the article

EPS Revisions