Edenred

EDEN
Real-time Euronext Paris - 06/20 05:24:21 pm
44.69EUR
+0.68%

The underlying trend is to the upside

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Jordan Dufee
Analyst

Strategy published on : 06/10/2019 | 02:30

long trade
Live

Entry price : 42.65€
Target : 47€
Stop-loss : 40€
Potential : 10.2%

Edenred's shares display attractive technical aspects to anticipate a comeback of the underlying trend.
Investors have an opportunity to buy the stock and target the € 47.

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 group's activity appears highly profitable thanks to its outperforming net margins.

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

● The group usually releases upbeat results with huge surprise rates.

● Sales forecast by analysts have been recently revised upwards.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

● The stock is in a well-established, long-term rising trend above the technical support level at 36.08 EUR


Weaknesses

● Based on current prices, the company has particularly high valuation levels.

● With an expected P/E ratio at 32.48 and 28.79 respectively for both the current and next fiscal years, the company operates with high earnings multiples.

● The three month average target prices set by analysts do not offer high potential in comparison with the current prices.

Zonebourse.com 2019
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