Atos: Oddo BHF still a buyer after reassuring comments
(CercleFinance.com) - Oddo BHF has reiterated its "buy" rating on the Atos share, along with its target price of 98 euros, highlighting a reassuring message regarding the restart of business post-lockdown and its order backlog during a call organised for North American clients.
The broker also noted that the CFO was also reassuring regarding his free cash flow guidance, and that in H1 2020 Atos has showed an encouraging year-on-year increase in the conversion of its EBITDA to FCF before WCR.
Analyts add that Atos' valuation still seems attractive in view of the resilience of its business model in the current context of a crisis and in view of the potential for improvement in growth and margins.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker also noted that the CFO was also reassuring regarding his free cash flow guidance, and that in H1 2020 Atos has showed an encouraging year-on-year increase in the conversion of its EBITDA to FCF before WCR.
Analyts add that Atos' valuation still seems attractive in view of the resilience of its business model in the current context of a crisis and in view of the potential for improvement in growth and margins.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.