Israeli stock alert

ISRAEL

CLOSING UPDATE: Azrieli Group increases further 0.1% 17 May 2018 18:47 IDT

NEWS BITES - MIDDLE EAST & NORTH AFRICA

This is an end of day Alert, produced after today's Israel market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Azrieli Group, Israel's largest real estate and construction company by market capitalisation, traded on volume of 0.9 times average today while the price lifted NIS3.80 (or 2.3%) to trade at NIS172.0. Compared with the TA-25 Index which rose 11.3 points (or 0.8%) in the day, this represented a relative price increase of 1.5%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.68 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The price lifted 3.4% in the last week and increased 1.1% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Return on Equity 8.9% [8.0%]

+ Return on Assets 4.8% [2.1%]

+ Return on Capital Employed 8.1% [5.3%]

Other Bullish Signals include:

+ Interest cover is less leveraged at 6.4 times.

+ Tobin's Q Ratio is 0.7. Compared with the rest of the market the stock is undervalued.

+ Net profit margin has averaged 48.1% in the last 3 years. This is considered superior and suggests a high margin of safety.

+ As per the Du Pont analysis, Return on Equity of 8.9% is better than sector average of 8.0%.

Note

Azrieli Group today is at a discount of 17.7% to the 12-month high of NIS208.89 on 23 May, 2017. It is at a premium of 12.3% to the 12-month low of NIS153.11 on 08 Apr, 2018.

The stock has underperformed 57% of the Israel market over the past 6 months.

Bearish Signals:

In the last three months the stock has hit a new 52-week low six times, pointing to a downtrend.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price/Sales of 7.9 [2.3]

Price to Book of 1.3 [1.1]

Dividend yield of 2.5% [2.8%]

TODAY'S ALERTS

Afternoon Alert: Azrieli Group lifts 2.1% on high volume

17 May 2018 14:15 IDT

Azrieli Group (TASE:AZRG) traded on heavy volume of 2.0 times average so far today while the price lifted NIS3.60 (or 2.1%) to trade at NIS171.80.

Afternoon Alert: Azrieli Group lifts 2.3%, leads market higher

17 May 2018 12:14 IDT

Azrieli Group (TASE:AZRG) has lifted 2.3% to trade at NIS172.0 vs. the TA-25 Index which strengthened 8.1 points (or 0.5%) to 1,509.1. Representing a weighting of about 4.4% of the index, the stock accounted for 18.6% of today's gain. The shares have outperformed 82% of the market in the past three months. Trading volume was 1.2 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Azrieli Group down 2.0% in 2 days

15 May 2018 18:44 IDT

Azrieli Group, Israel's largest real estate and construction company by market capitalisation, extended its slide on Tuesday, shedding an additional 20.0 agorot (or 0.1%) to trade at NIS164.10. Trading volume was 59% of average at the end of the day. The shares have fallen NIS3.40 (or 2.0%) over the past two trading days vs. the TA-25 Index which has risen 0.3% in the same period.

Afternoon Alert: Azrieli Group increases 1.8%

15 May 2018 14:11 IDT

Azrieli Group (TASE:AZRG) traded on volume of 1.0 times average so far today while the price increased NIS3.0 (or 1.8%) to trade at NIS167.30.

Azrieli Group (TV:AZRG; TLV:AZRG; TA:AZRG; TA:AZRG; IT:AZRG)

ISIN: IL0011194789

PermID: 5000360582

Source: www.BuySellSignals.com