Analyst Martin Comtesse from Jefferies maintained a Hold rating on Accelleron Industries AG and keeping the price target at CHF49.00.
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Martin Comtesse has given his Hold rating due to a combination of factors influencing Accelleron Industries AG. The company’s impressive first-half growth of 20.1% in constant currency reflects strong market share gains in turbochargers and high demand in marine services. Despite this, the stock has already experienced a significant rally, rising over 60% since April, which has led to a high valuation at 24 times EV/EBITA.
Additionally, while the company has raised its FY25 revenue guidance by 12.5% at the midpoint, surpassing consensus estimates, the operational EBITA guidance remains unchanged. This suggests that while revenue expectations are high, profitability margins may not see a corresponding increase. These factors combined suggest a balanced outlook, justifying the Hold rating as the stock’s current valuation may already reflect the anticipated growth.
According to TipRanks, Comtesse is an analyst with an average return of -1.7% and a 42.08% success rate. Comtesse covers the Industrials sector, focusing on stocks such as Bechtle Aktiengesellschaft, INFICON Holding AG, and Wacker Neuson.