- Transurban reports a +0.9% increase in average daily traffic for the third quarter.
- Average daily traffic went up by +0.7% in Sydney.
- Melbourne witnessed a significant rise in average daily traffic by +1.6%.
- Contrarily, Brisbane saw a fall in average daily traffic by -1.1%.
- North America transpired to have the highest increase in average daily traffic among all, by +4.9%.
- The traffic uplift for the quarter was primarily steering through increased workday Average Daily Traffic (ADT) and augmented airport related travel.
- The impacts of construction activities and anomalous weather conditions were perfectly balanced with the previous point.
- The celebration of Easter in the third quarter of FY24, as compared to the fourth quarter of FY23, reduced the group’s ADT by around 1.5%.
- Transurban Group received 3 buys, 12 holds and 2 sell orders during the quarter.
A look at Transurban Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Transurban Group, a company that owns and manages urban toll road networks in Australia and North America, is poised for long-term success based on multiple factors. With a strong emphasis on growth and a solid dividend score, Transurban Group is well-positioned to provide value to its investors while maintaining financial resilience. The company’s momentum score further indicates a positive trajectory, suggesting ongoing positive performance in the market.
Combining its capabilities in network planning, operations, technology application, and community engagement, Transurban Group has established itself as a key player in the infrastructure sector. The favorable Smartkarma Smart Scores, particularly in growth and dividend factors, reflect the company’s potential for sustained expansion and shareholder returns over the long term. Despite challenges in value and resilience scores, the overall outlook remains optimistic for Transurban Group, bolstered by its strategic positioning and operational strengths.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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