MTU Aero Engines AG : The trend should regain control
Entry price | Target | Stop-loss | Potential |
---|
€176.1 |
€197.3 |
€164.6 |
+12.04% |
---|
The underlying tendency is to the upside for shares in MTU Aero Engines and the timing is opportune to get back into the stock. A comeback of the upward dynamic can be anticipated.
Summary● In a short-term perspective, the company has interesting fundamentals.
Strengths● Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 164.6 support.
● The group's high margin levels account for strong profits.
● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock
● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 160.5 EUR
Weaknesses● As estimated by analysts, this group is among those businesses with the lowest growth prospects.
● The firm trades with high earnings multiples: 21.82 times its 2018 earnings per share.
● For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
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