The CSL Limited share price has dropped 4.5% to $293.21. This information has been prepared by IG, a trading name of IG Limited. Looking at the relevant aspects of this release, Sanofi reported modest sales growth from its rare blood disorder franchise, with total sales rising 6.2% to €314 million. Want to take a position in CSL, long or short?
IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. Create an IG trading account or log in to your existing account to get started now. The CSL share price dipped 0.6% to $326.97 during lunch time trade when the top 200 stock index gained 0.5% in value.The underperforming CSL also stands in contrast to other heavyweights in the health care sector. In response, the company highlighted a number of mitigation strategies, including: the potential to accelerate collections once the pandemic has been resolved and the anticipation that new donors will emerge as a result of challenging economic conditions.For reference, there is a six to nine month lag between the collection of plasma and its sale, which explains both the expected strength of CSL's current year earnings as well as the concerns over FY21 earnings weakness.Despite the headwinds facing the company, UBS argued that there are a number of positives that could offset the impact of weak plasma collections, including demand for flu vaccines and the ‘normalisation of albumin sales in China under direct distribution model.’Finally, in their latest research note, UBS analysts cited the just-released Q2 results from French pharmaceutical company Sanofi as being of particular relevance to CSL’s haemophilia product portfolio. CSL Share Price View share performance over a selected period of time and access an Investment Calculator as well as Historical Prices. Fixed costs and weaker collection volumes are likely to affect earnings outcomes, although pressure on donor fees has subsided because of rising unemployment in the US.
The growth potential of this increases the value of CSL. 18923The information on this site is not directed at residents of the United States or any particular country outside Australia or New Zealand and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. This new high will see many investors taking profits, so be prepared for a fall in the share price in the coming weeks. In response, the company highlighted a number of mitigation strategies, including: the potential to accelerate collections once the pandemic has been resolved and the anticipation that new donors will emerge as a result of challenging economic conditions.For reference, there is a six to nine month lag between the collection of plasma and its sale, which explains both the expected strength of CSL's current year earnings as well as the concerns over FY21 earnings weakness.Despite the headwinds facing the company, UBS argued that there are a number of positives that could offset the impact of weak plasma collections, including demand for flu vaccines and the ‘normalisation of albumin sales in China under direct distribution model.’Finally, in their latest research note, UBS analysts cited the just-released Q2 results from French pharmaceutical company Sanofi as being of particular relevance to CSL’s haemophilia product portfolio.
More reading. CSL Share Price. Morgan Stanley believes there is a 70% to 80% chance that the blood products developer will fall in absolute terms over the next 30 days.“This is because the stock has traded up recently, making short term valuation much less compelling,” said the broker.“Given outperformance, CSL’s share price reflects no/minimal risk from the The lower levels of plasma collection are due to social distancing measures as well as border closures in the US. CSL’s blood collection centres are largely located in that country.The impact of this is CSL’s earnings per share (EPS) will be lower than consensus estimates for FY21, added Morgan Stanley.What’s also notable is that the company’s costs are rising due to higher donor fees and advertising.Morgan Stanley’s recommendation on CSL is “equal-weight” (which means “hold”) with a price target of $288 a share.But not everyone shares this unenthusiastic view of ASX’s largest stock. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. ABN 84 099 019 851, AFSL 220440.
Despite short-term weakness in its share price, CSL has proven to be a long-term winner, rising over 177% in the last five years.
The Novartis influenza business will be combined with the company’s subsidiary, bioCSL. Consequently any person acting on it does so entirely at their own risk. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. CSL Share Price View share performance over a selected period of time and access an Investment Calculator as well as Historical Prices. The Mesoblast share price has surged more than 126% in 2020. It costs more to service new donors.“EPS forecasts are reduced by 1-7% over the next 3 years (including a larger FX headwind in FY20),” said UBS.“Notwithstanding plasma supply risk, CSL remains our preferred health care exposure based on the robust demand profile for products and relatively low level of gearing.”The broker’s price target on CSL is $342 per share.When investing expert Scott Phillips has a stock tip, it can pay to listen. For more information please see our The Motley Fool Australia, PO Box 4635, Ashmore, Qld 4214Brendon’s passion for shares started by accident in 2003 and he has worked in various roles around capital markets ever since as a trader, stock analyst and markets reporter with the Australian Financial Review. The CSL share price closed 1.30% higher on Friday.
In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.
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