Stifel Nicolaus analyst Mario Coppola has maintained their bullish stance on 0NUX stock, giving a Buy rating today.
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Mario Coppola has given his Buy rating due to a combination of factors that highlight both the strengths and potential of Prysmian SpA. The company’s fiscal year 2024 results were largely in line with expectations, particularly in terms of EBITDA, although free cash flow exceeded expectations, indicating strong operational cash generation. Despite some one-off and non-cash items that affected the bottom line, the company’s dividend per share met expectations, showcasing its commitment to shareholder returns.
Furthermore, the guidance for 2025 suggests a cautious optimism, with free cash flow projections surpassing consensus estimates, and a history of upward revisions to adjusted EBITDA guidance in previous years. The market’s negative reaction to the guidance, which was slightly below consensus, is seen as an overreaction, providing a potential entry point for investors. The company’s strong performance in high-voltage transmission and its strategic focus on digital solutions and mid-size acquisitions further support the Buy rating, as these areas are expected to drive future growth and profitability.
In another report released today, Barclays also maintained a Buy rating on the stock with a €74.00 price target.