Konecranes Abp
KCR
Delayed NASDAQ OMX HELSINKI LTD. - 05/26 05:29:35 pm
37.12EUR
-0.78%

Back towards the lower end of the range

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Anas Lozach
 

Strategy published on : 05/19/2017 | 08:59

long trade on a pullback
On stand-by

Entry price : 35.73€
Target : 40€
Stop-loss : 35.3€
Cancellation Level : 38.3€
Potential : 11.95%

Konecranes Abp shares have been fluctuating horizontalally for several weeks. As the share price approaches the lower bounds, a buying opportunity could arise.
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

● Its core activity has a significant growth potential and sales are expected to surge, according to Thomson Reuters' forecast. Indeed, those may increase by 65% by 2019.

● Its low valuation, with P/E ratio at 11.63 and 25.37 for the ongoing fiscal year and 2018 respectively, makes the stock pretty attractive with regard to earnings multiples.

● This company will be of major interest to investors in search of a high dividend stock.

● Sales forecast by analysts have been recently revised upwards.

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

● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.

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

● The tendency within the weekly time frame is positive above the technical support level at 29.24 EUR


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.

● Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.

Zonebourse.com 2017
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