Aurizon Holdings Updates on Ongoing Buy-Back Program

Aurizon Holdings ( (AU:AZJ) ) has shared an announcement.

Aurizon Holdings Limited has announced an update on its ongoing on-market buy-back program, with a total of 1,648,987 ordinary fully paid securities bought back on the previous day, adding to the cumulative total of 82,816,787 securities repurchased. This buy-back initiative is part of the company’s strategy to optimize its capital structure, potentially enhancing shareholder value and reflecting confidence in its financial position.

The most recent analyst rating on (AU:AZJ) stock is a Hold with a A$3.55 price target. To see the full list of analyst forecasts on Aurizon Holdings stock, see the AU:AZJ Stock Forecast page.

More about Aurizon Holdings

Aurizon Holdings Limited operates in the transportation and logistics industry, primarily focusing on rail freight services. The company is a key player in the Australian market, providing essential services for the movement of commodities such as coal, iron ore, and other bulk goods.

YTD Price Performance: -5.64%

Average Trading Volume: 7,011,537

Technical Sentiment Signal: Sell

Current Market Cap: A$5.28B

For an in-depth examination of AZJ stock, go to TipRanks’ Stock Analysis page.