Morgans sets AUD 26.52 target: Orica stock sits below it

Published on 10/20/2026 at 21:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Underlying half-year profit reached AUD 283.10 million, up 8.00 percent. Orica stock costs EUR 14.30 on October 20, 2026 at 9:10 p.m. CEST.

Results and valuation at a glance

Morgans moved Orica to Accumulate and set an AUD 26.52 target on October 8, 2026.
Underlying first-half net profit after tax rose 8.00 percent to AUD 283.10 million in fiscal 2026.
Orica stock costs EUR 14.30 at Lang & Schwarz on October 20, 2026 at 9:10 p.m. CEST.
Orica is scheduled to report its fiscal 2026 result on November 12, 2026.

Orica, AU000000ORI1, Illustration mit AI erstellt.

Orica (AU000000ORI1) is being measured against an AUD 26.52 target after Morgans downgraded the stock from Buy to Accumulate on October 8, 2026. The revised target leaves the ASX-listed company 13.61 percent below the broker's target based on the AUD 22.91 home-market price. Orica was trading at EUR 14.30 at Lang & Schwarz on October 20, 2026 at 9:10 p.m. CEST.

Morgans lowers the rating

According to The Motley Fool, Morgans retained a positive Accumulate view while lowering its rating from Buy and setting a 12-month target of AUD 26.52. The broker also trimmed its fiscal 2027 net profit after tax forecast by 3.60 percent, citing higher ammonium nitrate sourcing costs in the United States, a slower Indonesian coal recovery and higher interest costs.

First-half earnings provide support

Orica's first-half fiscal 2026 figures provide the operating counterweight to the cautious broker adjustment. Business News Today reported that underlying net profit after tax rose 8.00 percent to AUD 283.10 million, while earnings before interest and tax increased 5.00 percent to AUD 512.00 million. The interim dividend also rose 14.00 percent to AUD 0.29 per share, giving investors a tangible distribution measure alongside the earnings improvement.

Range and valuation set the frame

On the ASX, Orica last traded at AUD 22.91 on October 20, 2026, with 926,004 shares changing hands. Its 52-week range was AUD 18.58 to AUD 26.47, placing the price 13.45 percent below the high and 23.31 percent above the low; market capitalization was AUD 10.60 billion. The stock had gained 5.85 percent over 12 months, according to Simply Wall St.

November results are the next test

Orica's price-to-earnings ratio was 45.04 and its trailing dividend yield was 3.00 percent as of October 20, 2026. The company is scheduled to report its fiscal 2026 result on November 12, 2026, a date listed by MarketScreener. That release should show whether higher North American sourcing costs are being absorbed through logistics, customer arrangements and the company's cost-reduction program.

What the target means for Orica

The AUD 26.52 target sits AUD 3.61 above the ASX price, while the next results date gives investors a defined checkpoint for margins, cash flow and fiscal 2027 guidance. Orica's supply arrangements and first-half earnings remain the central operating measures behind the valuation.

The further course of trading is shown by the continuously updated real-time quote of Orica stock.