COH – Algo Buy Signal

Cochlear is now under Algo Engine buy conditions and has been added to our ASX 100 model portfolio.

We expect 10% EPS growth over the next 12 months. Although, the stock remains expensive at 40x earnings and trading on a 1.8% yield.

Since writing the above post in Dec last year, COH has rallied from $175 to a high of $257. The subsequent pullback which bottomed on Monday this week has seen buying interest rebuild at the higher low of $222.

This is the second cluster of Algo Engine buy signals and we’ve taken the opportunity to add to our original allocation.

COH – Algo Buy Signal

Cochlear is now under Algo Engine buy conditions and has been added to our ASX 100 model portfolio.

We expect 10% EPS growth over the next 12 months. Although, the stock remains expensive at 40x earnings and trading on a 1.8% yield.

Since writing the above post in Dec last year, COH has rallied from $175 to a high of $257. The subsequent pullback which bottomed on Monday this week has seen buying interest rebuild at the higher low of $222.

This is the second cluster of Algo Engine buy signals and we’ve taken the opportunity to add to our original allocation.

COH – Algo Buy Signal

Cochlear is now under Algo Engine buy conditions and has been added to our ASX 100 model portfolio.

We expect 10% EPS growth over the next 12 months. Although, the stock remains expensive at 40x earnings and trading on a 1.8% yield.

Since writing the above post in Dec last year, COH has rallied from $175 to a high of $257. The subsequent pullback which bottomed on Monday this week has seen buying interest rebuild at the higher low of $222.

This is the second cluster of Algo Engine buy signals and we’ve taken the opportunity to add to our original allocation.

COH – Algo Buy Signal

Cochlear is now under Algo Engine buy conditions and has been added to our ASX 100 model portfolio.

We expect 10% EPS growth over the next 12 months. Although, the stock remains expensive at 40x earnings and trading on a 1.8% yield.

Since writing the above post in Dec last year, COH has rallied from $175 to a high of $257. The subsequent pullback which bottomed on Monday this week has seen buying interest rebuild at the higher low of $222.

This is the second cluster of Algo Engine buy signals and we’ve taken the opportunity to add to our original allocation.

Cochlear – Buy

Cochlear recently completed an $850mn equity raise via an institutional placement at $140 per share. The capital raise now removes any balance sheet concerns.

Following the placement, we estimate COH will have total liquidity of
$1.0bn+  with little in the way of debt maturities until 2022.

The pathway back to elective surgery appears to be improving and we, therefore, see the current price range as an opportunity to accumulate COH shares.

 

COH – Algo Buy Signal

Cochlear is now under Algo Engine buy conditions and has been added into our ASX 100 model portfolio.

Whilst the FY19 result came in at the bottom end of guidance, the company upgraded the FY20 outlook. We now expect 10% EPS growth over the next 12 months.

The stock remains expensive at 40x FY20 earnings and trading on a 1.8% yield.