|Bid||33.43 x 0|
|Ask||33.45 x 0|
|Day's Range||32.77 - 33.45|
|52 Week Range||28.88 - 51.50|
|Beta (3Y Monthly)||0.73|
|PE Ratio (TTM)||13.71|
|Earnings Date||Feb 3, 2020 - Feb 7, 2020|
|Forward Dividend & Yield||1.42 (4.32%)|
|1y Target Est||47.68|
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of CIMIC Group Limited and other ratings that are associated with the same analytical unit. Key rating considerations are summarized below.
"IMPORTANT NOTICE: MOODY'S RATINGS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS. "The ratings affirmation reflects CIMIC's strong business and financial profiles, dominant market position in Australia and excellent liquidity," says Saranga Ranasinghe, a Moody's Vice President and Senior Analyst.
Cimic is controlled by Germany’s Hochtief AG and contributes most of its earnings, while Hochtief is majority-owned by Spanish construction giant ACS. Responding to GMT, the Australian company said its accounts were “fully audited and in compliance with the accounting standards.” The statement didn’t appear to entirely alleviate the market’s concerns, though, and perhaps that’s no surprise. Also called reverse factoring, this is an increasingly popular way for companies to free up more cash by getting a financial intermediary to pay their suppliers. (It’s so popular, in fact, that even the $100 billion SoftBank Vision Fund is investing in the reverse-factoring sector, spending $800 million on a stake in one of those intermediaries, Greensill Capital(5)).
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