Chr. Hansen Holding A/S Just Reported Earnings, And Analysts Cut Their Target Price [Yahoo! Finance News]
CHR HANSEN HLDG A/S S/ADR (CHYHY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance News
Chr. Hansen Holding A/S CPH:CHR Check out our latest analysis for Chr. Hansen Holding Taking into account the latest results, the current consensus from Chr. Hansen Holding's twelve analysts is for revenues of €1.21b in 2020, which would reflect a credible 4.0% increase on its sales over the past 12 months. Statutory earnings per share are expected to rise 5.6% to €1.99. In the lead-up to this report, analysts had been modelling revenues of €1.22b and earnings per share EPS) of €2.02 in 2020. So it's pretty clear that, although analysts have updated their estimates, there's been no major change in expectations for the business following the latest results. With no major changes to earnings forecasts, the consensus price target fell 7.7% to €66.43, suggesting that analysts might have previously been hoping for an earnings upgrade. Fixating on a single price target can be unwise though, since the consensus target is effectively the average of analyst price targets. As a result, some inv
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