Italian stock alert
CLOSING UPDATE: Davide Campari- Milano hits 52-week high fourth time in one month 18 June 2018 19:15 CEST
NEWS BITES - EUROPE
This is an end of day Alert, produced after today's Italian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
Davide Campari- Milano, Italy's largest food/beverage/tobacco company by market capitalisation, hit a 52-week high of EUR7.06 today for the fourth time in the past one month and last traded at EUR7.03. Trading volume was 85% of average at the end of the day. Compared with the FTSE MIB Index which fell 91.2 points (or 0.4%) in the day, this represented a relative price increase of 0.4%.
Technical indicators complementing today's significant uptrend:
+ The positive 0.18 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ In the Italian market, the stock's relative price strength percentile is rising at 91 for 6 months, 91 for 3 months and 96 for 1 month.
+ In the last three months the stock has hit a new 52-week high four times, pointing to an uptrend.
Fundamental measures by comparison with the sector average [in brackets] indicate:
+ Dividend yield of 0.7% [0.6%]
+ Return on Equity 10.0% [1.8%]
+ Return on Assets 4.2% [1.4%]
+ Return on Capital Employed 7.4% [4.6%]
Other Bullish Signals include:
+ The company is cash rich with Cash to Market Capitalisation at 10.4%.
+ Tobin's Q Ratio is 1.9. Compared with the rest of the market the stock is undervalued.
+ Net profit margin has averaged 9.6% in the last 3 years. This is better than the sector average of 4.6% and suggests a high margin of safety.
+ As per the Du Pont analysis, Return on Equity of 10.0% is better than sector average of 1.8%.
The 0.4% discount to 12-month high of EUR7.06 against the 25.0% premium to 12-month low of EUR5.63 suggests the climb might be peaking.
Afternoon Alert: Davide Campari- Milano hits 52-week high fourth time in one month
18 June 2018 12:07 CEST
Davide Campari-Milano SpA (MI:CPR) hit a 52-week high of EUR7.06 today for the fourth time in the past one month and last traded at EUR7.01. Trading volume was 73% of average so far today.
Davide Campari-Milano SpA (MI:CPR; BIT:CPR; IM:CPR)