Ventia Services Group (ASX:VNT) shares have recently earned a “Perfect 10” TipRanks Smart Score rating. The maintenance services company joins the club, along with other recent Australian listed additions, including Lifestyle Communities Ltd (ASX:LIC), Telstra Corporation Limited (ASX:TLS), and Medibank Private Ltd. (ASX:MPL).
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What does a TipRanks’ “Perfect 10” Smart Score mean?
TipRanks offers various insights and tools to assist investors in their due diligence when looking for the optimal shares to buy for the long-term. The Smart Score tool ranks shares on a one-to-10 scale, gauging their potential to underperform or outperform the market. Shares with a “Perfect 10” Smart Score have historically outperformed the market.
Behind Ventia’s favourable TipRanks insights
Ventia provides essential infrastructure maintenance services to customers in Australia and New Zealand. It serves public and private clients, in areas such as the maintenance of transportation networks and oil drilling rigs.
In a recent update on its business, Ventia said that it was weathering macroeconomic challenges well. It mentioned that record inflation levels, a tight labour market, and poor weather have not adversely impacted demand for essential maintenance services.
Additionally, Ventia achieved the top Smart Score rating following its recent addition to the S&P/ASX 300 Index. Inclusion in the index can boost demand and prices for shares, such as Ventia, as funds that track the index add the stock to their portfolios.
Ventia Services share price forecast
Ventia shares have gained more than 24% since the beginning of 2022. According to TipRanks’ analyst rating consensus, Ventia stock is a Strong Buy. The average Ventia share price forecast of AU$2.87 implies over 15% upside potential.
Closing remarks
Ventia has its next dividends payment date set for 7 October. The stock currently offers an above-average dividend yield of 3.42% and a modest payout ratio of about 6.3%.
