Ferrari N.V. : Technically solid
Entry price | Target | Stop-loss | Potential |
---|
$58.41 |
$63 |
$56 |
+7.86% |
---|
Ferrari NV shares show a positive technical situation which suggests a continuation of the upward dynamic over the medium term.
Strengths● The group's activity appears highly profitable thanks to its outperforming net margins.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
● The tendency within the weekly time frame is positive above the technical support level at 43.97 USD
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at USD 58.35.
● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
● With an enterprise value anticipated at 3.39 times the sales for the current fiscal year, the company turns out to be overvalued.
● The company is not the most generous with respect to shareholders' compensation.
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