Fuchs Petrolub (0LCR) has received a new Buy rating, initiated by Jefferies analyst, Constantin Hesse.
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Constantin Hesse has given his Buy rating due to a combination of factors including Fuchs Petrolub’s strong financial performance in the third quarter. The company reported earnings before interest and taxes (EBIT) that surpassed expectations by 3%, alongside a robust free cash flow of €100 million, which significantly exceeded the consensus estimate of €70.5 million.
Moreover, Fuchs Petrolub demonstrated notable earnings growth in the Americas despite a challenging economic environment, and the Asia-Pacific region continued to perform exceptionally well. The EMEA region maintained its strong performance from the previous year. These positive developments, along with the confirmation of the company’s guidance and promising momentum in October, suggest a potential rally in the stock, justifying the Buy rating.
According to TipRanks, Hesse is a 3-star analyst with an average return of 4.2% and a 45.18% success rate. Hesse covers the Technology sector, focusing on stocks such as SMA Solar Technology, PVA TePla, and Siltronic.
In another report released on October 31, Barclays also maintained a Buy rating on the stock with a €55.00 price target.