Macquarie Outlook Remains Stable

Macquarie (MQG.ASX) FY17 profit should be $2.1b up around 5% on the same time last year. FY17 earnings per share (EPS) $6.00 and dividends per share (DPS) are forecast to be $4.10, placing the stock on a forward yield of 5%.

There are no algorithm signals present and therefore, our short term synopsis of MQG is that the stock sits at fair value and subject to any large shift in volatility, the stock is most likely to consolidate and move sideways at or near current value.

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Author: Leon Hinde

Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.

PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:

· Deposit Products
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks