From a horizontal accumulation phase, the timing seems good to buy shares in Daimler AG and to get ahead of a break-out on the upside of the congestion area. Investors have an opportunity to buy the stock and target the € 69.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
In a short-term perspective, the company has interesting fundamentals.
The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.32 for the 2020 fiscal year.
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
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.
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 37.4 EUR
According to forecast, a sluggish sales growth is expected for the next fiscal years.
The company does not generate enough profits, which is an alarming weak point.
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.
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