Compagnie Générale des Établissements Michelin Société en commandite par actions Stock Forecast

Does Michelin (MGDDY) have what it takes to be a top stock pick for momentum investors? Let's find out.

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCPK:MGDDF) Q2 2023 Earnings Call Transcript July 26, 2023 12:30 PM ET Company Participants Florent Menegaux - Chief Executive Officer Yves Chapot - General Manager and Group CFO Conference Call Participants Michael Jacks - Bank of America Sanjay Bhagwani - Citi Jose Asumendi - JPMorgan Ross MacDonald - Morgan Stanley Philipp Koenig - Goldman Sachs Thomas Besson - Kepler Cheuvreux Giulio Pescatore - BNP Paribas Steve Fernandes - Societe Generale Pierre Quemener - Stifel Martino De Ambroggi - Equita Operator Ladies and gentlemen, welcome to the Michelin Conference Call. [Operator Instructions] I will now hand over to Mr.

Yves Chapot, CFO of Michelin, discusses French multinational tyre company's first-half results.

Barron's Mid-Year Roundtable, Published July 17, listed 40 stocks of note for 2023; 38 of those were unduplicated US publicly-listed companies, of-which YCharts reported 25 as paying dividends. Barron's interviews with their ten financial-industry Roundtable pros tapped human intelligence (HI) to make predictions. Unfortunately, the YCharts screener employed to report current data, dropped seven funds off the list. Nevertheless, the Watchlist tracked by YCharts as of 7/19/23 projected ten top analyst-estimated net gains from ICE, PARA, TXT, AZN, MLI, BIIB, SIEGY, CHNI, TGNA, & topped by SLVM, ranging from 15.53%-31.31%.

Michelin is advancing with a clear M&A strategy to diversify sales and offset raw material inflationary pressure, focusing on digital transformation. The company's recent acquisitions include RoadBotics, a start-up specializing in road infrastructure image analysis, and sophisticated simulation software for tire development. Michelin's latest deal worth €700 million with FCG is expected to increase the High-Tech Materials turnover business by around 20% and position the company as a key player in polymer solutions.

Compagnie Générale des Établissements Michelin Société en commandite par actions (OTCPK:MGDDF) Q4 2022 Results Conference Call February 13, 2023 12:30 PM ET Company Participants Florent Menegaux - CEO Yves Chapot - General Manager, CFO Conference Call Participants Thomas Besson - Kepler Cheuvreux Philip Koenig - Goldman Sachs Michael Jacks - Bank of America Giulio Pescatore - BNP Paribas Exane Martino de Ambroggi - Equita Jose Asumendi - JPMorgan Sanjay Bhagwani - Citibank Christoph Laskawi - Deutsche Bank Ross McDonald - Morgan Stanley Pierre-Yves Quemener - Stifel Florent Menegaux Good evening to everyone, or good afternoon. Thank you for joining us for our annual results presentation.

Michelin (MGDDY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Here is how Michelin (MGDDY) and Ferrari (RACE) have performed compared to their sector so far this year.

The company's latest tire data are supportive and confirm our investment thesis. Positive evolution of Michelin's “non-pneumatic” products. Stellantis' capital increase of Symbio might be a key catalyst.

Michelin is one of the largest tire producers in the world. The balance sheet is strong, and the cash generation remains strong as well as an inventory build-up should be monetized in the current semester.

Compagnie Générale des Établissements Michelin Société en commandite par actions is a FR stock and trading under the symbol MGDDY

Compagnie Générale des Établissements Michelin Société en commandite par actions stock price is $17.12 today.

Yes, Compagnie Générale des Établissements Michelin Société en commandite par actions is a publicly traded company.