17 stories mentioning ASX:WES
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Wesfarmers (ASX:WES) has an average rating of underweight and mean price target of AU$75.68, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Wesfarmers (ASX:WES) lacks valuation support and has no near-term catalysts to generate any further earnings upside, Macquarie analysts said, the Australian Financial Review reported Thursday.In a note following Wesfarmers' strategy day, Macquarie analysts said the company's Bunnings and Kmart brands will continue to support returns for the group, alongside positive signals in the company's health and lithium divisions, AFR reported.The equity research firm downgraded its rating on Wesfarmers to neutral, while lifting its target price by AU$1 to AU$85, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Wesfarmers (ASX:WES) has a material opportunity in the medium term to become a leading customer-facing business in Australia across health, consumables, goods, and energy, but capitalizing on this window will require time and more capital expenditure, Jarden said in a Wednesday note.The company struck an optimistic tone at its strategy day, although plans for its next growth phase are incremental rather than representative of a step change, the equity research firm said.Wesfarmers "is executing well and has a clear plan within its existing corporate portfolio," but until it provides clarity on the longer-term plan, Jarden prefers Sigma Healthcare (ASX:SIG) and Woolworths Group (ASX:WOW) where "investment is clearer and earnings higher."The investment firm came away more positive on Wesfarmers following its strategy day, but is cutting its fiscal year 2027 earnings per share forecast for the company by around 3%, while making a modest raise to the fiscal year 2028 estimate.Jarden maintained a neutral rating on Wesfarmers on valuation grounds, while lifting the target price to AU$79.30 from AU$75.30.
Wesfarmers (ASX:WES) is tracking in line with its strategy, with continued focus on customer value and shareholder returns as it deploys artificial intelligence across its divisions, Jefferies said in a note on Wednesday.The investment firm said the lack of sales commentary from the company indicates it is trading comfortably within consensus expectations.Accelerated investments, especially in data, digital and productivity initiatives are projected to result in "better growth," with opportunities in its WesCEF unit to use AI to boost production and margins, alongside broader AI adoption in its retail businesses.Jefferies said Wesfarmers' management appears confident in hardware chain Bunnings' sales growth despite macroeconomic pressures, supported by expansion into new categories such as rural, camping and lifestyle products, increased demand for repairs and maintenance if housing turnover slows, and network growth.The brokerage maintained its hold rating but raised price target to AU$73 from AU$72.
Australian shares rose on Wednesday amid freshly renewed hostilities between the US and Iran.The S&P/ASX 200 Index gained 0.57%, or 49.10 points, at 8,653.30.Brent crude oil futures rose to trade at around $91 per barrel after the US held Iran responsible for the downing of a US military helicopter.On the domestic front, seasonally adjusted data revealed that the total number of dwellings approved in Australia fell 3.4% to 16,710 in April from 17,307 in the previous month, according to final figures released by the Australian Bureau of Statistics.The ANZ-Roy Morgan Australian consumer confidence rose 2 points to 70.8 in the week of June 1 to June 7, ANZ reported. The four-week moving average rose 1.7 points to 68 points. Consumer sentiment improved broadly last week, with gains in financial conditions and medium-term confidence hitting their strongest levels since late February.In company news, Steadfast Group (ASX:SDF) said it received a conditional, non-binding, and indicative offer from Amwins Group and Dragoneer Investment Group to acquire the company by way of a scheme of arrangement at AU$6 per share in cash, representing an enterprise value of about AU$7.7 billion.Northern Star Resources (ASX:NST) Chairman Michael Chaney said that processing plant construction at Fimiston in Western Australia is nearing completion, on time and with a modest cost overrun. Chaney acknowledged that the firm's share price performance in the year had not met expectations and recognised shareholders' concerns.Lastly, Wesfarmers (ASX:WES) said it is partnering with artificial intelligence organizations to drive long-term sales and earnings growth. The company said it will use AI for agentic and conversational commerce and AI assistants for team members and supply chain optimization, among other applications.
Consumer discretionary stocks advanced nearly 3% at midday Wednesday.Wesfarmers (ASX:WES) gained almost 3% in recent trade after announcing that it is partnering with artificial intelligence organizations to drive long-term sales and earnings growth.On the flip side, the information technology sector struggled, shedding nearly 2%.Xero (ASX:XRO) shares were down past 1% in recent trade.
Wesfarmers (ASX:WES) said it is partnering with artificial intelligence organizations to drive long-term sales and earnings growth, according to a Wednesday Australian bourse filing.The company said it will use AI for agentic and conversational commerce and AI assistants for team members and supply chain optimization, among other applications.Wesfarmers said it is also expanding the addressable market and product offer for its Bunnings business, which it said has been resilient through challenging economic, geopolitical and financial market conditions.The company's shares rose nearly 3% in recent Wednesday trade.
Wesfarmers (ASX:WES) has an average rating of hold and mean price target of AU$75.57, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Wesfarmers (ASX:WES) is well-positioned to take share in the current market backdrop, further supported by scale and digital, Jarden said in a note on Monday.It also expects positive earnings-per-share consensus revisions, underpinned by updated near-term lithium price forecasts.Wesfarmers is executing well and has a clear plan within the existing corporate envelope. In the medium term, there is a material opportunity for it to become the leading customer-facing business in Australia across health, consumables, goods, and energy, although this will require time and money, per the note.The investment firm retained its neutral rating on Wesfarmers and raised the price target to AU$75.30 per share from AU$74.50 per share.
Wesfarmers (ASX:WES) said it will integrate its industrial and safety businesses, Blackwoods and Workwear Group, into Bunnings Group from July 1, to align customer bases and strengthen its offering to commercial and small and medium-sized enterprise customers, according to a Tuesday Australian bourse filing.The transition builds on recent operational improvements at Blackwoods and aligns with a strategy to enhance long-term shareholder value, per the filing.The businesses will continue to operate under their existing brands within Bunnings, with Blackwoods retaining its focus on large enterprise customers, the filing said.The financial impact is expected to be immaterial, with contributions reflected in Bunnings' results starting from the first half of fiscal 2027, the filing added.
Consumer discretionary stocks advanced marginally at midday Thursday.Wesfarmers (ASX:WES) gained more than 1% in recent trade.Meanwhile, the information technology sector struggled, shedding nearly 2%.Xero (ASX:XRO) shares fell 3% in recent trade.
Here are the ASX-listed companies with the biggest gains on Tuesday.Fisher & Paykel Healthcare (ASX:FPH): +7%, AU$29.55NRW Holdings (ASX:NWH): +3%, AU$7.46Capstone Copper (ASX:CSC): +2%, AU$14.23Wesfarmers (ASX:WES): +2%, AU$77.31Ventia Services Group (ASX:VNT): +2%, AU$6.28Southern Cross Gold (ASX:SX2): +2%, AU$9.86Sims (ASX:SGM): +2%, AU$24.61Alcoa (ASX:AAI): +2%, AU$100.97Codan (ASX:CDA): +2%, AU$41.23Eagers Automotive (ASX:APE): +1%, AU$22.25
Consumer discretionary stocks advanced marginally at midday Tuesday.Wesfarmers (ASX:WES) shares rose nearly 2% in recent trade.Meanwhile, the utilities sector struggled, shedding nearly 2%.Origin Energy (ASX:ORG) shares were down 2% in recent trade.
Wesfarmers (ASX:WES) has agreed to enter a 50:50 joint venture with Built Group to establish Built Living, a new Australian business dedicated to delivering residential apartments at scale through advanced manufacturing, with Wesfarmers initially committing up to AU$100 million of equity, according to a Tuesday Australian bourse filing.The company said Built Living will use Design for Manufacture and Assembly (DfMA) methods, aiming to deliver apartments at about 20% lower cost and 50% faster than traditional construction, with a facility to be established in Western Australia expected to support the delivery of more than 2,000 apartments annually once completed.Construction of the facility is expected to commence in the second half, with the Western Australian Government supporting the establishment through a long-term lease of land in the Neerabup Automation and Robotics Precinct and direct support for facility development, the filing added.The company added that a portion of the facility's annual capacity will be used for government-backed housing projects and the state's social infrastructure pipeline, with the establishment of Built Living also expected to create growth opportunities for Wesfarmers' existing businesses, including through supply arrangements with Bunnings' trade business.Built Living will operate as a standalone company with equal board representation for Wesfarmers and Built, once Wesfarmers has fully deployed its initial AU$100 million commitment, the company said.The company added that the investment is not expected to have a material impact on its earnings in the current financial year.
Consumer discretionary stocks were rising 1% to lead gainers in midday trading Monday.Wesfarmers (ASX:WES) was advancing nearly 2% and Lottery Corp. (ALX:TLC) almost 1%.On the flip side, energy stocks were shedding almost 3% as oil prices gained amid renewed uncertainty surrounding the passage of ships through the Strait of Hormuz and a potential second round of talks between the US and Iran.Viva Energy Group (ASX:VEA) was down more than 5% after saying its fire-hit Geelong refinery is expected to produce diesel and jet fuel at about 80% of capacity and petrol at roughly 60% of capacity in the short term. The company also reported a 5.1% year-over-year increase in first-quarter sales volume.
Information technology stocks were leading gainers with a rise of 1.4% in midday trading on Friday.WiseTech Global (ASX:WTC) was up nearly 4%, and Xero (ASX:XRO) was marginally higher.On the flip side, consumer discretionary stocks were down 0.8% to lead decliners.Kmart owner Wesfarmers (ASX:WES) was shedding more than 1%, while Aristocrat Leisure (ASX:ALL) fell nearly 1%.
Wesfarmers (ASX:WES) said its Bunnings Warehouse, Kmart, Target, Officeworks, and Priceline Pharmacy brands are offering a six-month free trial of the OnePass membership program for new customers, offering free delivery with no minimum spend on eligible items and orders, according to a Tuesday statement from the conglomerate.New customers can sign up for OnePass for the free trial by May 14.Wesfarmers added that current monthly members will receive a six-month pause on their membership payments, after which their subscription will resume their payment plan, while annual members will automatically receive AU$20 off their next full price annual membership renewal.