TotalEnergies: UBS still a buyer after Q3 results
(CercleFinance.com) - The broker confirms its buy rating on the stock with a target price of E71, after it the announced its Q3 2023 results.
UBS hails continued growth with slightly better-than-expected results. "The results are slightly better than expected. FCF yield of 14% in 2024 and distribution yield of 11%.
It says that "Results were slightly above expectations. Clean net income of $6.7bn was an 8% beat vs consensus $6.2bn (UBSe $6.5bn). CFFO of $9.5bn was 4% above Visible Alpha consensus of $9.1bn (UBSe $8.7bn)".
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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.
UBS hails continued growth with slightly better-than-expected results. "The results are slightly better than expected. FCF yield of 14% in 2024 and distribution yield of 11%.
It says that "Results were slightly above expectations. Clean net income of $6.7bn was an 8% beat vs consensus $6.2bn (UBSe $6.5bn). CFFO of $9.5bn was 4% above Visible Alpha consensus of $9.1bn (UBSe $8.7bn)".
Copyright (c) 2023 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.