J.P. Morgan analyst Mervin Song maintained a Buy rating on Mapletree Logistics yesterday and set a price target of S$1.40. The company’s shares closed last Tuesday at S$1.18.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence
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According to TipRanks, Song is a 3-star analyst with an average return of 3.2% and a 50.00% success rate. Song covers the Real Estate sector, focusing on stocks such as City Developments, CapitaLand Ascendas REIT, and Mapletree Logistics.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Mapletree Logistics with a S$1.45 average price target.
Based on Mapletree Logistics’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of S$173.99 million and a net profit of S$58.61 million. In comparison, last year the company earned a revenue of S$176.69 million and had a GAAP net loss of S$25.95 million
