The holding supplier for the automobile sector has recently strengthened its presence in Asia with two acquisitions, continent that represents 38% of its total revenues.

An increase in sales of 6% should be registered this year, for a positive trend that could continue in a three years horizon. The company’s EBITDA estimates suggest a steady progression in the long term. Moreover, its low P/E ratio at only 13.7x correspond to an interesting entry point for investors interested in buying Duerr shares. Consensus on the company remains globally buyer and analyst agreed in a target of approximately EUR 64. Indeed, analysts have been revising upwards the EPS of the entity, thus nowadays they look forward to obtain $4.1 per share while twelve months ago only $3.46 were expected.

Graphically, in the past few sessions’ prices suffered from a sharp fall but they are more likely to start a technical rebound, foreseeing higher levels. The drop leads Duerr toward the EUR 54 support area, which is now a stepping stone for an upward movement. The 50-day moving average should help in the upturn process, as it pleads for prices to come over the EUR 57.9 pivot point.

Considering fundamental and technical analysis, a long position could be taken at current prices. The target price being fixed at EUR 61.5, the stop-loss order would be placed below the pivot point at EUR 55.7.