In a report released yesterday, Niccolo Guido Storer from Kepler Capital maintained a Buy rating on Ferretti S.p.A., with a price target of €3.80.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Niccolo Guido Storer has given his Buy rating due to a combination of factors influencing Ferretti S.p.A.’s stock. Despite the anticipated challenges in order collection and a projected decline in revenue for the first half of the year, the company’s financial position is expected to improve with a significant increase in its net cash position. This improvement is attributed to a reversal in working capital, which suggests a more robust financial footing moving forward.
Storer also highlights that the current stock price does not reflect the intrinsic value of the company, considering its strong brand portfolio and management’s proven track record. Although the estimates fall short of both company guidance and market consensus, the undervaluation of the stock presents a compelling investment opportunity. This assessment underpins the Buy rating, as the potential for a rebound in the yacht intake and the company’s strategic positioning in the market could drive future growth.
9638’s price has also changed moderately for the past six months – from HK$22.800 to HK$25.300, which is a 10.96% increase.