Morgans sets AUD 26.52 target for Orica stock at 16.32 percent above price

Published on 10/17/2026 at 18:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Orica reports on November 12, 2026. Orica stock stood at AUD 22.80 on October 16, 2026 on the ASX, up 1.56 percent versus the prior close.

Analyst target and reporting date

On October 8, 2026, Morgans moved Orica to Accumulate and set an AUD 26.52 target.
Orica is scheduled to report its fiscal 2026 result on November 12, 2026.
Orica stock stood at AUD 22.80 on October 16, 2026 at 4:10 p.m. AEDT, up 1.56 percent versus the prior close.
Orica had a market capitalization of AUD 10.6 billion and a price-to-earnings ratio of 44.82.

Orica, AU000000ORI1, Illustration mit AI erstellt.

Morgans moved Orica to an Accumulate rating and set an AUD 26.52 12-month target on October 8, 2026, putting the target 16.32 percent above the AUD 22.80 home-market price. The broker's view was reported by The Motley Fool Australia. Orica stock last stood at AUD 22.80 on the ASX on October 16, 2026 at 4:10 p.m. AEDT, up 1.56 percent from the prior close.

Results date brings the next test

Orica is scheduled to report its fiscal 2026 result on November 12, 2026. The Motley Fool Australia said the date was part of the broker's latest assessment, which also cited higher US ammonium-nitrate sourcing costs, slower Indonesian coal recovery, plant turnarounds and higher interest costs.

Revenue and earnings provide context

Historical fiscal 2025 figures listed by t-online show revenue of AUD 8,145 million and net income of AUD 162 million. The same page lists fiscal 2024 revenue of AUD 7,663 million and net income of AUD 525 million, making the year-over-year comparison a reminder that revenue growth and earnings quality are different measures for this mining-services group.

Valuation sits above larger miners

Orica's market capitalization was AUD 10.6 billion, with a price-to-earnings ratio of 44.82 and a dividend yield of 3.00 percent on the latest quoted figures. The valuation is higher than the corresponding ratios for BHP and Rio Tinto, although their larger market values reflect much broader mining exposure.

The next scheduled company date is November 12, 2026. Until then, the broker target and the cost pressures cited in the October 8 note provide the clearest measurable checks on the current valuation.

Comparison with peers

The following comparison figures are dated October 16, 2026.

Orica: plus 1.56 percent, P/E 44.82, market capitalization AUD 10.6 billion.
BHP Group (ASX, AUD): plus 3.50 percent, P/E 21.61, market capitalization AUD 305.1 billion.
Rio Tinto Group (ASX, AUD): plus 1.46 percent, P/E 12.33, market capitalization AUD 224.8 billion.

Price and upcoming date

Orica's next reporting date gives investors a defined calendar point for testing the broker's concerns about costs and earnings. The stock's AUD 22.80 home-market price on October 16, 2026 was below the Morgans target of AUD 26.52, while the quoted price-to-earnings ratio remained 44.82.

Orica stock last stood at AUD 22.80 on the ASX on October 16, 2026 at 4:10 p.m. AEDT, up 1.56 percent versus the prior close.