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    KER   FR0000121485

KERING

(KER)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Kering : The long term upward trend could suffer in the short term

09/21/2020 | 02:56am EDT
short sell
Target price hit
Entry price : 584.9€ | Target : 536.1€ | Stop-loss : 610.2€ | Potential : 8.34%
The breach of the resistance zone around 610.2 EUR seems hard to achieve. The most probable scenario therefore seems to be one in which a short term correction takes place for shares in Kering SA.
Investors should open a short trade and target the € 536.1.
Kering : Kering : The long term upward trend could suffer in the short term
Summary
  • The company has poor fundamentals for a short-term investment strategy.

Strengths
  • The group's high margin levels account for strong profits.
  • The company is in a robust financial situation considering its net cash and margin position.
  • The group usually releases upbeat results with huge surprise rates.

Weaknesses
  • The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
  • The stock is close to a major daily resistance at EUR 600, which should be gotten rid of so as to gain new appreciation potential.
  • The company's enterprise value to sales, at 5.74 times its current sales, is high.
  • With a 2020 P/E ratio at 40.2 times the estimated earnings, the company operates at rather significant levels of earnings multiples.
  • For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.
  • For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
  • For the last four months, EPS estimates made by Standard & Poor's analysts have been revised downwards.
  • For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.

© MarketScreener.com 2020

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
Sales 2021 16 420 M 19 324 M 19 324 M
Net income 2021 2 989 M 3 517 M 3 517 M
Net Debt 2021 4 659 M 5 483 M 5 483 M
P/E ratio 2021 30,3x
Yield 2021 1,49%
Capitalization 93 240 M 110 B 110 B
EV / Sales 2021 5,96x
EV / Sales 2022 5,33x
Nbr of Employees 38 553
Free-Float 58,3%
Upcoming event on KERING
07/27/21
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Last Close Price 727,80 €
Average target price 772,00 €
Spread / Average Target 6,07%
EPS Revisions
Managers and Directors
François Jean Henri Pinault Chairman & Chief Executive Officer
Jean-Marc Duplaix Chief Financial Officer
Yseulys Costes Independent Director
Daniela Riccardi Independent Director
Sophie L'Hélias Lead Independent Director
Sector and Competitors
1st jan.Capi. (M$)
KERING22.44%113 085
INDITEX9.06%114 545
FAST RETAILING CO., LTD.-18.76%76 264
ROSS STORES, INC.-0.94%44 129
HENNES & MAURITZ AB8.22%39 361
ZALANDO SE9.98%30 657