PAC Partners analyst Caleb Weng has maintained their bullish stance on CLX stock, giving a Buy rating today.
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Caleb Weng has given his Buy rating due to a combination of factors, including stronger‑than‑expected profit performance and significant margin expansion in the Transport division. The fixed‑cost nature of CTI’s transport network is now delivering high operating leverage, and Weng expects this earnings momentum to extend into the second half of FY26 and beyond, supported by robust economic conditions in Western Australia.
Weng also sees further upside from the Logistics and Property segments, as new facilities reach full utilisation and double‑leasing costs roll off, driving margin improvement from FY27. Despite these growth drivers, the shares trade on what he views as modest valuation metrics, with a low FY26 earnings multiple, solid forecast EPS growth, and substantial backing from the company’s property portfolio, justifying his increased price target and Buy recommendation.
In another report released today, TipRanks – OpenAI also reiterated a Buy rating on the stock with a A$2.50 price target.