Sogefi SPA, the Consumer Cyclical sector company, was revisited by a Wall Street analyst yesterday. Analyst Monica Bosio from Intesa Sanpaolo maintained a Hold rating on the stock and has a €3.10 price target.
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Monica Bosio’s rating is based on several key observations regarding Sogefi SPA’s recent performance and future outlook. Despite the challenging market conditions expected in the fourth quarter, Sogefi’s third-quarter results exceeded expectations, particularly at the EBITDA level, which was 4% above consensus. This strong performance, coupled with effective execution in restructuring the Suspensions business and reorganizing its footprint, suggests potential for an upward revision in the company’s earnings per share for 2025-2026 by approximately 11% to 12.5%.
However, while the company’s operating performance has been solid, with notable growth in regions like North America and China, the overall revenue was slightly impacted by unfavorable foreign exchange rates. Additionally, the company’s guidance appears conservative, especially given the anticipated decline in global car production. The positive stock performance seems to already incorporate these potential improvements, leading Bosio to maintain a Hold rating, reflecting a balanced view of the risks and opportunities ahead.
Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0NV0 in relation to earlier this year.