Schaeffler AG
SHA
Real-time TRADEGATE AG - 05/24 05:28:15 pm
15.463EUR
+2.39%

The beginning of the move

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Ulrich Ebensperger
Financial Analyst

Strategy published on : 03/16/2017 | 08:53

long trade
Stop-loss triggered

Entry price : 16€
Target : 16.65€
Stop-loss : 15.33€
Potential : 4.06%

Shares in Schaeffler AG have recently benefitted from a regain of interest by market participants. The technical chart pattern suggests a continuation of the upward movement.
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.

● Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.

● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.

● Its low valuation, with P/E ratio at 9.57 and 8.95 for the ongoing fiscal year and 2018 respectively, makes the stock pretty attractive with regard to earnings multiples.

● The company is one of the best yield companies with high dividend expectations.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 13.86 EUR


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at EUR 16.65.

● Technically, the stock approaches a strong medium-term resistance at EUR 16.44.

● The group usually releases earnings worse than estimated.

Zonebourse.com 2017
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