Shares in Vestas Wind Systems A/S have recently benefitted from a regain of interest by market participants. The technical chart pattern suggests a continuation of the upward movement. Investors have an opportunity to buy the stock and target the DKK 1154.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The company is in a robust financial situation considering its net cash and margin position.
Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
Over the last twelve months, the sales forecast has been frequently revised upwards.
The stock is in a well-established, long-term rising trend above the technical support level at 720.8 DKK
The company's earnings releases usually do not meet expectations.
The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 347.48 times its estimated earnings per share for the ongoing year.
The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
For the past year, analysts have significantly revised downwards their profit estimates.
The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.
ę MarketScreener.com 2020
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