Brokers hold on APA, Transurban and Aurizon as targets point to limited upside
AI Market Summary
Australian infrastructure names show mixed post-results price action amid softer risk sentiment tied to inflation and rates. APA delivered strong FY26 growth and higher FY27 EBITDA guidance, but broker targets imply the stock is near or above fair value. Transurban's operating metrics improved, yet valuation and debt-servicing cost concerns weigh on sentiment. Aurizon's solid FY26 results were offset by cautious FY27 guidance and moderating coal volumes.
Impact level
● Low
Affected assets
NCSISP5002USD/USDT+0.44%
AI Insight · NCSISP5002USD/USDTAI Insight
● Neutral
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APA Group reported FY26 results with underlying EBITDA up 8.3% year on year, free cash flow up 3.2% and statutory net profit surging 81.4%. The company also guided FY27 underlying EBITDA of A$2,260 million to A$2,340 million, above FY26. However, the average broker target price is A$9.65 versus the current A$10.94 share price, implying about 12% downside.
