Consensus Recommendations (31 January 2020)

Australian analysts cover approximately 450 ASX listed companies.

Unfortunately, when reviewed individually many analysts and stockbrokers have difficulty beating the market average.

About Consensus Data

Several firms in Australia collate ASX research reports published by stockbrokers and generate a "Consensus Recommendation" for each company. These data feeds are then on-sold to institutional clients for distribution.

There's a couple of disadvantages to these databases:

1. Lack of depth: Smaller-cap companies are often covered by only one analyst.
2. Unknown update times: Analysts often stop coverage on a company without notifying the market. This leads to outdated consensus data.

Market Index tries to counter these pitfalls by:

Publishing broker number: The number of brokers involved in a recommendation is displayed.
• Size Filter: Only the largest 150 companies in our consensus database are listed below. Analysts usually review their recommendation on large companies more often than small-caps.
• Freshness cut-off: Ratings older than 60 days are ignored.

Data Source

Market Index sources data from institutional distributors.

As brokers use several different rating systems, Market Index groups ratings according to a basic 3-tier scale: Buy, Hold and Sell.

Market Index
Broker Rating
"Buy"
Strong Buy, Buy, Accumulate and Outperform.
"Hold"
Hold and Neutral.
"Sell"
Strong Sell, Sell, Reduce and Underperform.

How is the “Consensus” figure derived?

Rating
Score
Strong Buy
2.7+
Buy
2.69 - 2.2
Hold
2.19 - 1.81
Sell
1.80 - 1.50
Strong Sell
1.49 or less

Market Index gives each recommendation a score:
Buy = 3, Hold = 2, Sell = 1
The total is divided by the number of brokers.

Analysts have a bullish bias so cut-off scores aren't evenly spread. The levels are arbitrary and were selected to make skimming the list easier. You can make your own levels using Excel.

How to use the data

Consensus data should only be used to uncover companies that might warrant further investigation. Analysts often look solely at a company's fundamentals while ignoring market sentiment and momentum. Don't base any investment decision on the data.

Code Company Price Buy Hold Sell Consensus
ABC Adelaide Brighton $3.77 2 5 6 Sell
ABP Abacus Property Group FP Ordinary/Units Stapled Securities $3.71 0 4 0 Hold
AGL AGL Energy Limited $19.85 0 4 9 Strong Sell
ALL Aristocrat Leisure $35.77 13 3 1 Strong Buy
ALQ Als Limited $9.65 3 7 3 Hold
ALU Altium Limited $39.13 4 4 0 Buy
AMC Amcor Plc Cdi 1:1 Foreign Exempt NYSE $15.96 7 3 2 Buy
AMP AMP Limited $1.83 1 6 5 Sell
ANN Ansell Limited $32.07 2 9 1 Hold
ANZ ANZ Banking Group Limited $25.83 3 9 4 Hold
APA APA Group FP Units Stapled Securities $11.41 0 10 2 Hold
APE AP Eagers Limited $8.95 4 5 0 Buy
APT Afterpay Limited $37.80 10 2 2 Buy
APX Appen Limited $25.39 5 4 0 Buy
AST Ausnet Services Limited $1.75 2 7 3 Hold
ASX ASX Limited $84.74 0 3 9 Strong Sell
AVN Aventus Group FP Ordinary/Units Stapled Securities $2.88 2 3 1 Hold
AWC Alumina Limited $2.18 3 4 6 Sell
AZJ Aurizon Holdings Limited $5.45 4 5 3 Hold
BAP Bapcor Limited $6.31 6 1 0 Strong Buy
BEN Bendigo and Adelaide $10.29 0 2 12 Strong Sell
BHP BHP Group Limited $39.00 5 12 2 Hold
BIN Bingo Industries Limited $2.78 5 5 0 Buy
BKW Brickworks Limited $19.96 1 3 1 Hold
BLD Boral Limited $5.00 1 6 2 Hold
BOQ Bank of Queensland $7.58 1 7 8 Sell
BPT Beach Energy Limited $2.64 2 10 4 Hold
BRG Breville Group Limited $18.59 0 3 4 Strong Sell
BSL Bluescope Steel Limited $14.59 5 4 3 Hold
BWP BWP Trust Ordinary Units FP $4.11 0 1 4 Strong Sell
BXB Brambles Limited $12.54 3 7 2 Hold
CAR Carsales.com Limited $17.34 6 5 4 Hold
CBA Commonwealth Bank $85.44 0 7 9 Strong Sell
CCL Coca-Cola Amatil $11.98 2 5 7 Sell
CCP Credit Corp Group $35.12 3 4 1 Hold
CGF Challenger Limited $8.78 3 9 2 Hold
CHC Charter Hall Group Stapled Securities US Prohibited $12.67 5 1 2 Buy
CIM Cimic Group Limited $28.41 3 3 0 Buy
CLW CHTR H LWR FP Units Stapled Securities $5.63 2 2 0 Buy
CMW Cromwell Prop FP Ordinary/Units Stapled Securities $1.22 0 1 3 Strong Sell
COH Cochlear Limited $238.31 1 7 8 Sell
CPU Computershare Limited $17.84 5 5 2 Hold
CQR Charter Hall Retail Units FP $4.68 2 5 3 Hold
CSL CSL Limited $310.49 9 5 1 Buy
CSR CSR Limited $4.84 2 2 9 Strong Sell
CTD Corp Travel Limited $17.86 7 1 2 Buy
CTX Caltex Australia $34.58 5 7 0 Buy
CWN Crown Resorts Limited $11.60 4 9 0 Hold
CWY Cleanaway Waste Limited $2.02 5 4 1 Buy
DHG Domain Holdings Aus $3.75 3 5 3 Hold
DMP Domino PIZZA Enterpr $54.93 3 5 4 Hold
DOW Downer Edi Limited $7.15 5 3 1 Buy
DXS Dexus FP Units Stapled Securities $12.58 6 2 2 Buy
EML EML Payments Limited $5.14 4 0 0 Strong Buy
EVN Evolution Mining Limited $3.70 3 9 2 Hold
EVT Event Hospitality $12.80 2 4 0 Buy
FLT Flight Centre Travel $39.15 4 11 0 Hold
FMG Fortescue Metals Group $11.29 3 10 8 Sell
GMG Goodman Group FP Ordinary/Units Stapled Securities $14.95 7 2 2 Buy
GNC Graincorp Limited Class A $8.18 1 4 1 Hold
GOZ Growthpoint Property FP Ordinary/Units Stapled Securities $4.37 0 4 1 Hold
GPT GPT Group FP Ordinary/Units Stapled Securities $6.02 0 9 1 Hold
HVN Harvey Norman $4.25 1 6 4 Sell
IAG Insurance Australia $7.10 2 8 2 Hold
IEL Idp Education Limited $17.90 4 4 1 Buy
IFL IOOF Holdings Limited $7.79 3 4 3 Hold
IGO IGO Limited $6.10 7 4 5 Hold
ILU Iluka Resources $9.63 1 7 1 Hold
IPH IPH Limited $9.14 2 4 0 Buy
IPL Incitec Pivot $3.27 3 8 1 Hold
IRE Iress Limited $13.58 1 5 1 Hold
JBH JB Hi-Fi Limited $40.79 2 8 5 Hold
JHX James Hardie Indust Chess Depositary Interests 1:1 $32.00 8 1 3 Buy
LLC Lendlease Group FP Ordinary/Units Stapled Securities $18.06 6 1 2 Buy
LNK Link Admin HLDG $6.21 8 2 1 Buy
MFG Magellan Fin Group Limited $65.88 0 2 10 Strong Sell
MGR Mirvac Group FP Ordinary/Units Stapled Securities $3.40 3 4 3 Hold
MIN Mineral Resources $16.96 6 1 0 Strong Buy
MND Monadelphous Group $17.82 7 4 3 Hold
MP1 Megaport Limited $11.19 5 5 0 Buy
MPL Medibank Private Limited $3.12 2 5 5 Sell
MQG Macquarie Group Limited $145.72 7 6 1 Buy
MSB Mesoblast Limited $2.97 2 0 1 Buy
MTS Metcash Limited $2.56 4 7 2 Hold
NAB National Aust. Bank $25.88 7 5 3 Hold
NAN Nanosonics Limited $6.84 3 2 3 Hold
NCM Newcrest Mining $30.48 2 7 7 Sell
NEC Nine Entertainment $1.92 9 1 0 Strong Buy
NHC New Hope Corporation $1.86 4 2 0 Buy
NHF Nib Holdings Limited $5.39 1 8 2 Hold
NSR National Storage FP Ordinary/Units Stapled Securities $2.15 1 1 3 Sell
NST Northern Star $12.68 6 8 2 Hold
NUF Nufarm Limited $5.55 5 6 0 Buy
NWL Netwealth Group $8.03 3 4 5 Hold
NXT NEXTDC Limited $7.58 10 2 0 Strong Buy
ORA Orora Limited $3.21 3 7 0 Hold
ORG Origin Energy $8.23 8 4 1 Buy
ORI Orica Limited $23.00 1 7 3 Hold
OSH Oil Search Limited 10 Toea $7.19 6 8 2 Hold
OZL OZ Minerals $10.03 9 4 3 Buy
PME Pro Medicus Limited $23.89 2 5 0 Hold
PMV Premier Investments $19.63 5 3 3 Hold
PNV Polynovo Limited $2.95 3 2 0 Buy
PPT Perpetual Limited $41.38 0 9 3 Sell
PTM Platinum Asset $4.79 0 1 10 Strong Sell
QAN Qantas Airways $6.52 5 4 2 Hold
QBE QBE Insurance Group $13.66 7 4 1 Buy
QUB QUBE Holdings Limited $3.44 2 5 3 Hold
REA REA Group $113.59 3 5 4 Hold
REH Reece Limited $11.33 1 2 1 Hold
RHC Ramsay Health Care $79.15 4 7 3 Hold
RIO RIO Tinto Limited $99.19 5 7 4 Hold
RRL Regis Resources $4.50 5 6 4 Hold
RWC Reliance Worldwide $4.45 7 6 0 Buy
S32 SOUTH32 Limited $2.62 9 14 1 Buy
SAR Saracen Mineral $4.02 9 3 0 Strong Buy
SBM ST Barbara Limited $2.76 5 2 2 Buy
SCG Scentre Group FP Ordinary/Units Stapled Securities $3.92 3 3 4 Hold
SCP Sca Property Group FP Units Stapled Securities $2.89 1 5 4 Sell
SDF Steadfast Group Limited $3.83 6 2 0 Strong Buy
SEK Seek Limited $23.20 4 7 1 Hold
SGM Sims Limited $10.66 3 4 4 Hold
SGP Stockland FP Ordinary/Units Stapled Securities $4.97 2 2 6 Sell
SGR The Star Ent Group $4.10 8 3 2 Buy
SHL Sonic Healthcare $31.50 3 9 1 Hold
SKI Spark Infrastructure Stapled $0.65 Loan Note and Unit US Prohib $2.13 3 7 2 Hold
SOL Soul Pattinson (W.H) $21.42 1 1 0 Buy
STO Santos Limited $8.60 8 8 1 Buy
SUL Super Ret Rep Limited $9.50 6 4 2 Buy
SUN Suncorp Group Limited $12.88 4 4 4 Hold
SVW Seven Group Holdings $20.17 5 3 0 Buy
SYD SYD Airport FP Ordinary/Units Stapled Securities $8.31 3 6 7 Sell
TAH Tabcorp Holdings Limited $4.66 3 7 3 Hold
TCL Transurban Group FP Ordinary/Units Stapled Securities $15.76 0 10 5 Sell
TLS Telstra Corporation $3.86 10 3 3 Buy
TNE Technology One $8.50 0 5 2 Sell
TPM TPG Telecom Limited $7.45 3 7 2 Hold
TWE Treasury Wine Estate $13.00 6 10 0 Buy
VCX Vicinity Centres FP Ordinary/Units Stapled Securities $2.56 1 6 3 Hold
VOC Vocus Group Limited $3.34 4 8 2 Hold
VVR Viva Energy REIT FP Ordinary/Units Stapled Securities $2.72 2 4 1 Hold
WBC Westpac Banking Corp $25.31 3 10 3 Hold
WEB Webjet Limited $12.01 4 2 2 Hold
WES Wesfarmers Limited $45.49 0 8 7 Sell
WHC Whitehaven Coal $2.43 10 6 1 Buy
WOR Worley Limited $15.15 10 1 1 Strong Buy
WOW Woolworths Group Limited $41.44 3 5 5 Hold
WPL Woodside Petroleum $34.64 9 6 1 Buy
WTC Wisetech Global Limited $24.30 5 4 1 Buy
YAL Yancoal Aust Limited $2.89 1 1 0 Buy

NOTE: Share prices as at previous close. Analysts tend to produce more reports with a “Buy” than a “Sell” so the number of recommendations generally favour the buy side.



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