Why A2 Milk, Cooper Energy, IDP Education, and Tyro shares are dropping today

These shares are missing out on the good times on Tuesday.

| More on:
A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

It has been another positive session for the S&P/ASX 200 Index (ASX: XJO) on Tuesday. At the time of writing, the benchmark index is up 0.7% to 8,312.2 points.

Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling:

A2 Milk Company Ltd (ASX: A2M)

The A2 Milk share price is down almost 2% to $6.30. This appears to have been driven by a broker note out of Bell Potter this morning. According to the note, the broker has downgraded the infant formula company's shares to a sell rating with a $6.10 price target. Its analysts said: "We downgrade from Hold to Sell. The recent share price rally, triggered by expectations of strong Chinese stimulus announcements sees A2M trade at 17.5x FY25e EBITDA, which represents a 115% premium to global IMF plays and 51% premium to Dairy FMCG plays."

Cooper Energy Ltd (ASX: COE)

The Cooper Energy share price is down almost 4% to 20.7 cents. This follows the release of the energy company's quarterly update this morning. Although Cooper Energy delivered record quarterly production and revenue, it seems that the market was expecting even stronger numbers. The company's first quarter production increased 17% over the previous quarter, underpinning a 15% increase in revenue to $65.8 million.

IDP Education Ltd (ASX: IEL)

The IDP Education share price is down 3.5% to $14.26. Investors have been selling this language testing and student placement company's shares following the release of its annual general meeting presentation. At the event, management warned that "we anticipate international education student volumes in our markets will decline 20-25% in the year ahead." Though, it highlights that "with the combination of our expert people and leading technology, we stand ready to grow our share."

Tyro Payments Ltd (ASX: TYR)

The Tyro Payments share price is down 13% to 78.5 cents. This has been driven by news that the Federal Government is planning to crack down on card surcharges. According to the ABC, the government says it is prepared to ban debit card surcharges from January 2026, subject to a review underway by the Reserve Bank. It is now tasking the Australian Competition and Consumer Commission with looking out for illegal and unfair surcharging practices This could be bad news for payment companies like Tyro and could put pressure on its margins, which improved ahead of the market's expectations in FY 2024.

Should you invest $1,000 in Ansell Limited right now?

Before you buy Ansell Limited shares, consider this:

Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Ansell Limited wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

And right now, Scott thinks there are 5 stocks that may be better buys...

See The 5 Stocks *Returns as of 9 January 2025

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Idp Education and Tyro Payments. The Motley Fool Australia has recommended A2 Milk and Tyro Payments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Fallers

A man with his back to the camera holds his hands to his head as he looks to a jagged red line trending sharply downward representing the ASX tech share sell-off today
Share Fallers

Why Appen, Credit Corp, Mineral Resources, and Zip shares are sinking today

These shares are missing out on the good times on Thursday and dropping into the red.

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why Accent, Aroa, Playside, and Premier Investments shares are tumbling today

These shares are having a tough time on hump day. But why?

Read more »

Lines of codes and graphs in the background with woman looking at laptop trying to understand the data.
Share Fallers

Why Bellevue Gold, Brainchip, Deep Yellow, and Goodman shares are sinking today

These shares are starting the week deep in the red. What's going on?

Read more »

Data Centre Technology
Technology Shares

3 ASX data centre shares plunging 6%+ today

It's a horrid start to the week for these unlucky shares...

Read more »

A couple sits on a sofa, each clutching their heads in horror and disbelief, while looking at a laptop screen.
Share Fallers

Why Coronado Global, Kogan, Nanosonics, and Regis shares are falling today

These shares are ending the week in the red. What's going on?

Read more »

A man sits in despair at his computer with his hands either side of his head, staring into the screen with a pained and anguished look on his face, in a home office setting.
Share Fallers

Why Block, Core Lithium, Fortescue, and Vulcan shares are dropping today

These shares are out of form on Thursday. What's going on?

Read more »

Disappointed man with his head on his hand looking at a falling share price his a laptop.
Share Fallers

Why Iluka, Sigma, Wildcat, and Woodside shares are falling today

These shares are having a tough time on hump day. Why are investors hitting the sell button?

Read more »

A male investor wearing a blue shirt looks off to the side with a miffed look on his face as the share price declines.
Share Fallers

Why Australian Ethical, PYC, Resolute, and Star shares are falling today

These shares are starting the week in the red. But why?

Read more »