Markets By TradingView

Balance Sheet of Tüpraş Raised Its Price Target

Balance sheet of Tüpraş raised its price target. Tüpraş's fourth quarter performance was above expectations.

Balance Sheet of Tüpraş Raised Its Price Target
Yazar: Eylem Özer

Yayınlanma: 12 Şubat 2021 13:19

Güncellenme: 18 Kasım 2024 09:13

Balance Sheet of Tüpraş Raised Its Price Target

Balance sheet of Tüpraş raised its price target. Tüpraş's fourth quarter performance was above expectations.

The performance of Tüpraş in its balance sheet for the fourth quarter affected the brokerage houses and banks' revising their target price estimates upwards. While the net profit for the period in the fourth quarter balance sheet of Tüpraş was realized as 376 million TL, exceeding the expectations, the net EBITDA margin decreased to approximately one third of the previous year and realized as 1.16 percent. Tüpraş sold 6.4 million tons in the fourth quarter of 2020, while this figure was recorded as 7 million tons in the same period of 2019. While the company's sales revenues were above expectations at 19.9 million TL, EBITDA profit was 232 million TL, below expectations. Closing the year 2020 with a net loss of 2,493 million TL, Tüpraş announced its target of 22 million tons of production and 23 million tons of sales in 2021. Oyak Investments, evaluating the balance sheet of Tüpraş, stated that they kept their net profit forecast for 2021 constant and announced that they anticipated the share price to increase by 23 percent to reach 130 TL. Garanti Yatırım expressed that they evaluated the decrease in the company's indebtedness positively and that they were cautious about their 2021 expectations. Stating that the stock will follow a course in direct proportion to the BIST index, Garanti Investment underlined that the 12-month price targets are 122 TL with an increase of 17 percent. İntegral Yatırım stated that it increased the target price for Tüpraş shares from 75.65 TL to 135.94 TL, and stated that they did not revise their target prices for the company in the third quarter and they expect clearer results.     Source: Bloomberg HT
En Popüler Haberler

Yorum Yap

Yazılan yorumlar hiçbir şekilde Son Ekonomi Haberleri - Türkiye Dünya - ieconomy.io görüş ve düşüncelerini yansıtmamaktadır. Yorumlar, yazan kişiyi bağlayıcı niteliktedir.

Yorumlar

Henüz yorum yapan yok! İlk yorumu siz yapın...

Borsa, Kripto, Hisse, Emtia ve Döviz Haberleri

ieconomy: Türkiye'nin en kapsamlı ekonomi haber sitesi. Son dakika haberleri ve en güncel haberler ieconomy'da.