In a report released today, Enrico Coco from Intermonte maintained a Buy rating on Tesmec S.p.A., with a price target of €0.19.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Enrico Coco has given his Buy rating due to a combination of factors, including a solid start to the year and confirmation of full-year guidance. Tesmec delivered first-quarter revenues and earnings above expectations, with stronger performance in the Energy division, recovering profitability at Trenchers, and net profit turning positive, while net debt declined despite the usual seasonal pressure on cash.
Coco also highlights that Tesmec’s order backlog remains robust and well diversified, particularly in Energy and Rail, underpinning visibility on future growth and cash generation. Based on a DCF valuation and reasonable multiples, he maintains a target price of $0.19 per share, unchanged from the prior level, implying upside from current trading levels and justifying a Buy recommendation.
According to TipRanks, Coco is ranked #5764 out of 12186 analysts.