The lateral consolidation that the main stock markets in Europe in general – and the Ibex 35 in particular – have been experiencing in recent weeks, also seems to be reflecting the recommendations of analysts, who have not made significant changes in the companies on the Spanish stock market. in recent weeks. In fact, the composition of the Top 10 by fundamentals of ecotrader has not been altered in the last weekly reviews carried out.
Despite everything, there are several companies that are willing to enter the list that brings together the Spanish companies with a better recommendation according to the market consensus. These are Merlin, Santander, Indra, whose purchase recommendation is so solid that they could be incorporated into the portal tool premium of theEconomist whenever.
Above all, given the volatility that can be generated – both at the stock market and analytical level – by the avalanche of business results that are being published (and will be published) on the Spanish stock market. In fact, the financial entity chaired by Ana Patricia Botín has been the main protagonist in this regard in recent hours.
The entity obtained an attributable profit of 9,309 million euros between January and September, which represents a year-on-year increase of 14% and exceeds the 9,227.70 million projected by the consensus of Bloomberg analysts.
The Cantabrian is the only bank that will continue to grow in the next two years. The expert consensus estimates collected by FactSet point to a net profit of 12,245 million by 2026, 2.2% above what is expected this year. And the rest of their counterparts in Spain will see their profits reduce considerably.
The average investment firm clearly recommends buying its shares. In fact, it is the best positioned financial entity in this sense of the entire sector in our country. And, after releasing their accounts this Tuesday, the experts who have reviewed their strategy on it have reiterated their assessment and recommendation.
At Indra, for its part, the catalyst – in addition to the business results it will present this Wednesday – is the recent agreement reached with the rest of the shareholders of Tess Defense (TESS), specialized in the design and production of military land vehicles. latest generation, to double its participation in the company and thus take control of the company (see page 18).
The average investment firm advises taking positions in it and even though it is one of the Ibex companies that registers increases of more than 20% so far in 2024, it still has an upward path of more than 40% heading into the next twelve months.
In the case of Merlin, the quarterly accounts are scheduled to be published on November 14. Experts predict an improvement in net profit of 50% to exceed 100 million euros.
If it manages to reach the market consensus estimates, the firm would be able to break the barrier of 100 million euros of net profit in a quarter for the second time in its history.
Is the position of IAG or Acerinox in danger?
On the opposite side of Merlin, Santander and Indra are Acerinox and IAG, two stocks that, despite receiving clear purchase advice from the average investment firm, see how the tool’s aspirants can surpass them with their recommendation, which which would result in his departure from the Top 10 for fundamentals. And that, in the case of the airline, experts’ estimates point to an improvement in its net profit compared to the forecasts at the beginning of the year that exceeds that of the rest of its competitors.
LinkedinBeloud
#Merlin #Santander #Indra.. #Ibex #firms #aim #among #favorites #analysts
