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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Nokian Renkaat Oyj    TYRES   FI0009005318

NOKIAN RENKAAT OYJ

(TYRES)
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Nokian Renkaat Oyj : Good timing based on weekly price data

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12/02/2019 | 04:14am EST
long trade
Stop-loss triggered
Entry price : 24.82€ | Target : 27€ | Stop-loss : 24€ | Potential : 8.78%
Nokian Renkaat Oyj shares are sitting close to an important technical support area around 22.58 EUR based on weekly price data. Against this backdrop, investors can use this good timing for new long positions.
Investors have an opportunity to buy the stock and target the € 27.
Nokian Renkaat Oyj : Nokian Renkaat Oyj : Good timing based on weekly price data
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
  • Share prices are approaching a strong support area in daily data, which offers good timing for investors.
  • The company returns high margins, thereby supporting business profitability.
  • Thanks to a sound financial situation, the firm has significant leeway for investment.
  • The group usually releases upbeat results with huge surprise rates.
  • Its low valuation, with P/E ratio at 8.59 and 13.42 for the ongoing fiscal year and 2020 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.
  • For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.

Weaknesses
  • Revenue estimates are regularly revised downwards for the current and coming years.
  • For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
  • The technical configuration over the long term remains negative on the weekly chart below the resistance level at 28.47 EUR

Jordan Dufee
© MarketScreener.com 2019
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Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials (EUR)
Sales 2019 1 601 M
EBIT 2019 319 M
Net income 2019 393 M
Finance 2019 183 M
Yield 2019 6,56%
P/E ratio 2019 8,42x
P/E ratio 2020 13,2x
EV / Sales2019 1,97x
EV / Sales2020 1,98x
Capitalization 3 338 M
Upcoming event on NOKIAN RENKAAT OYJ
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 26,65  €
Last Close Price 24,06  €
Spread / Highest target 49,6%
Spread / Average Target 10,8%
Spread / Lowest Target -15,2%
EPS Revisions
Managers
NameTitle
Hille Kristiina Korhonen President & Chief Executive Officer
Tapio Petteri Walldén Chairman
Teemu Johannes Kangas-Kärki Chief Financial Officer
Juha Pirhonen Vice President-Research & Development
Frans Westerlund Head-Information Technology & Processes
Sector and Competitors
1st jan.Capitalization (M$)
NOKIAN RENKAAT OYJ-10.44%3 695
BRIDGESTONE CORPORATION5.41%28 162
MICHELIN24.63%21 386
GOODYEAR TIRE & RUBBER COMPANY (THE)-21.07%3 741
SUMITOMO RUBBER INDUSTRIES, LTD.12.19%3 432
THE YOKOHAMA RUBBER COMPANY, LIMITED15.06%3 385