CTS Eventim AG & Co

EVD
Delayed Frankfurt - 06/14 05:35:18 pm
40.4EUR
-1.42%

The comeback of an upward trend can be anticipated

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Ulrich Ebensperger
Financial Analyst

Strategy published on : 01/08/2019 | 03:25

long trade
Target price hit

Entry price : 35.54€
Target : 40€
Stop-loss : 33€
Potential : 12.55%

The timing from a technical point of view appears attractive to go long in shares of CTS Eventim AG & Co KGaA and to anticipate a trend reversal.
Investors have an opportunity to buy the stock and target the € 40.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● The group's high margin levels account for strong profits.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● 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 have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.


Weaknesses

● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.

● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.

● With an expected P/E ratio at 27.6 and 24.92 respectively for both the current and next fiscal years, the company operates with high earnings multiples.

● Below the resistance at 36.88 EUR, the stock shows a negative configuration when looking looking at the weekly chart.

Zonebourse.com 2019
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