The support at 173.72 EUR, which is currently being tested, should allow EssilorLuxottica shares to move back to the upside. Investors have an opportunity to buy the stock and target the € 193.36.
The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
The company's profit outlook over the next few years is a strong asset.
Over the last twelve months, the sales forecast has been frequently revised upwards.
For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months.
With an expected P/E ratio at 39.99 and 33.43 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
The company's enterprise value to sales, at 4.46 times its current sales, is high.
The valuation of the company is particularly high given the cash flows generated by its activity.
Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.
ę MarketScreener.com 2021
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.