BMW AG : The stock is approaching a major resistance level

Shares in BMW AG $Bayerische Motoren Werke AG(BMWYY)$ are approaching an important resistance level. The stock's technical chart suggests that this pivot level will be broken. Investors have an opportunity to buy the stock and target the € 115. BMW AG : BMW AG : The stock is approaching a major resistance level Entry price : 104€ | Target : 115€ | Stop-loss : 97€ | Potential : 10.58% Summary The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility. Overall, and from a short-term perspective, the company presents an interesting fundamental situation. The company has a good ESG score relative to its sector, according to Refinitiv. Strengths The company is in a robust financial situation considering its net cash and margin position. Its low valuation, with P/E ratio at 6.82 and 6.64 for the ongoing fiscal year and 2024 respectively, makes the stock pretty attractive with regard to earnings multiples. The stock, which is currently worth 2023 to 0.3 times its sales, is clearly overvalued in comparison with peers. The company's share price in relation to its net book value makes it look relatively cheap. The company has a low valuation given the cash flows generated by its activity. The company is one of the best yield companies with high dividend expectations. Over the past year, analysts have regularly revised upwards their sales forecast for the company. Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects. For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before. The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months. Historically, the company has been releasing figures that are above expectations. Weaknesses With relatively low growth outlooks, the group is not among those with the highest revenue growth potential. The company's currently anticipated earnings per share (EPS) growth for the next few years is a notable weakness. The overall consensus opinion of analysts has deteriorated sharply over the past four months. Over the past twelve months, analysts' opinions have been revised negatively. The price targets of various analysts who make up the consensus differ significantly. This reflects different assessments and/or a difficulty in valuing the company.
BMW AG : The stock is approaching a major resistance level

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