ElringKlinger AG : Investors could aim for a turn-around of the trend
Entry price | Target | Stop-loss | Potential |
---|
€16.18 |
€18.41 |
€15 |
+13.82% |
---|
ElringKlinger AG shares could get back into a rising trend over the medium term, as suggested by technical indicators.
Strengths● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
● Its low valuation, with P/E ratio at 12.12 and 9.93 for the ongoing fiscal year and 2017 respectively, makes the stock pretty attractive with regard to earnings multiples.
● The company is one of the best yield companies with high dividend expectations.
Weaknesses● Revenue estimates are regularly revised downwards for the current and coming years.
● For the last few months, analysts have been revising downwards their earnings forecast.
● For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
● The underlying tendency is negative on the weekly chart below the resistance at 17.97 EUR
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