Vonovia Breakout; Confirmation uptrend
Vonvovia SE one of the biggest property holdings just got back above the EMA 50 on weeks close; a quite reliable trend indicator in the past of this stock.
Analyst ratings are on average at Buy with a PT of 48,26€.
Fundamentally, Vonovia reported a great quarter in Q3 with double digit growth in FFO, mainly driven by EBITDA operations improvement, but also lower interest rates, beating analyst in EPS 0.20% and Revenue.
The PE ratio is currently at 11,3 under the average of 18,3 in the industry, dividend is at 3,8% next year, but at a PEG ratio of 0,9 which leads into a PE ratio of 16 in 2020.
This is due to a aquisition over the next 12 months.
Bottom line here, the stock is fundamentally healthy and currently regarded as undervalued.
The stock held up great compared to the Dax -0.22% . Vonovia is up 7% over 1y while the Dax -0.22% is at -12%.
Right now the Dax -0.22% is in an oversold state, thus Vonovia is a good choice for taking the correction.
Vonovia had a good time exploiting the low rates situation by EZB 0.00% . They did a lot of aquisitions, build new real estates and lots of modernisations for staying competitive in the future.
But since I expect rate hikes by 2019 earlier than exspected, following the FED, which Vonovia already guided in their last ER for 2019, I don't see this stock as the best choice in a timeframe of up to 5 years.
Thus the tight timeframe of under half a year.
Preferably I'd hold until Dividends, before Q2 report.
TP 46,50€, the upper trend channel and last "inofficial ATH"
SL 38,50, last big support, lower trend line
Analyst ratings are on average at Buy with a PT of 48,26€.
Fundamentally, Vonovia reported a great quarter in Q3 with double digit growth in FFO, mainly driven by EBITDA operations improvement, but also lower interest rates, beating analyst in EPS 0.20% and Revenue.
The PE ratio is currently at 11,3 under the average of 18,3 in the industry, dividend is at 3,8% next year, but at a PEG ratio of 0,9 which leads into a PE ratio of 16 in 2020.
This is due to a aquisition over the next 12 months.
Bottom line here, the stock is fundamentally healthy and currently regarded as undervalued.
The stock held up great compared to the Dax -0.22% . Vonovia is up 7% over 1y while the Dax -0.22% is at -12%.
Right now the Dax -0.22% is in an oversold state, thus Vonovia is a good choice for taking the correction.
Vonovia had a good time exploiting the low rates situation by EZB 0.00% . They did a lot of aquisitions, build new real estates and lots of modernisations for staying competitive in the future.
But since I expect rate hikes by 2019 earlier than exspected, following the FED, which Vonovia already guided in their last ER for 2019, I don't see this stock as the best choice in a timeframe of up to 5 years.
Thus the tight timeframe of under half a year.
Preferably I'd hold until Dividends, before Q2 report.
TP 46,50€, the upper trend channel and last "inofficial ATH"
SL 38,50, last big support, lower trend line
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