Alten: Stifel on hold, but raises TP
(CercleFinance.com) - Stifel confirms its 'Hold' rating on Alten shares, with a price target raised from E80 to E85 (cp: E89.
2, +0.5%).
The broker reports that Alten has announced a slight drop in Q4 2024 sales, in line with expectations, and has confirmed that it expects a decline in FY 2024 earnings.
Regarding FY 2025, as usual, the company has not published any forecasts due to the lack of visibility to date for FY 2025. However, messages since the beginning of the year suggest an organic decline in H1 2025, Stifl says.
Against this backdrop, the broker anticipates a slight decline in sales in Q1 2025 and 2Q25, as well as pressure on margins in H1 2025.
Despite the expected bad news, analysts are maintaining their 'Hold' rating on the stock, as they feel that this is already priced in, and that the company's valuation multiple is historically low, on historically low earnings, they conclude.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
2, +0.5%).
The broker reports that Alten has announced a slight drop in Q4 2024 sales, in line with expectations, and has confirmed that it expects a decline in FY 2024 earnings.
Regarding FY 2025, as usual, the company has not published any forecasts due to the lack of visibility to date for FY 2025. However, messages since the beginning of the year suggest an organic decline in H1 2025, Stifl says.
Against this backdrop, the broker anticipates a slight decline in sales in Q1 2025 and 2Q25, as well as pressure on margins in H1 2025.
Despite the expected bad news, analysts are maintaining their 'Hold' rating on the stock, as they feel that this is already priced in, and that the company's valuation multiple is historically low, on historically low earnings, they conclude.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.