Cancom SE : Investors could aim for a turn-around of the trend
Entry price | Target | Stop-loss | Potential |
---|
€38 |
€43 |
€35.36 |
+13.16% |
---|
The timing from a technical point of view appears attractive to go long in shares of Cancom SE and to anticipate a trend reversal.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Strengths● The company is in a robust financial situation considering its net cash and margin position.
● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
● Sales forecast by analysts have been recently revised upwards.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● Over the last seven days, analysts have been revising upwards their EPS estimates for the company.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Weaknesses● With a 2018 P/E ratio at 26.09 times the estimated earnings, the company operates at rather significant levels of earnings multiples.
● For the last few months, analysts have been revising downwards their earnings forecast.
● The technical configuration over the long term remains negative on the weekly chart below the resistance level at 40.93 EUR
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