WEG, Electric Equipment Manufacturer, Could Be A "Safe Harbor" For Investors In 2022

WEG, Electric Equipment Manufacturer, Could Be A “Safe Harbor” For Investors In 2022

Written by Fabio Lucas Carvalho

Published on 21/09/2021 at 03:20

Updated on 19/08/2022 at 05:06

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Report by Credit Suisse Shows That WEG Has Great Resilience and Capacity to Grow Even More in the Next 12 Months

Credit Suisse produced a very optimistic report regarding the shares of WEG (WEGE3) for the upcoming year. The report showed that WEG has the potential to grow double digits next year. Some characteristics of the company are viewed as key to an increase in investor interest.

Analysts Pedro Hajnal and Daniel Gasparete highlighted the company’s great resilience, noting that WEG is a renowned company with significant exposure in the international market. The electrical equipment manufacturer is pointed out as a safe port for the coming year.

“We believe that the deterioration of the local macro and political environments has created the need for investors to seek high-quality name products with exposure to international markets,” the analysts said.

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Report by Credit Suisse Shows That WEG Has Great Resilience and Capacity to Grow Even More in the Next 12 Months — *WEG participated in the modernization of an oil refinery in Peru*. Photo: WEG

The analysis showed that 55% of WEG’s revenue, more than half, comes from outside Brazil and, additionally, the correlation of the electrical equipment manufacturer’s shares with the Ibovespa is low.

Credit Suisse has an outperform recommendation, above average, for WEG’s shares for the next 12 months, with a target price of R$ 46. If the forecast is confirmed, it would represent a 17.3% increase compared to the price last Friday, which was R$ 39.19.

The company is experiencing a significant valuation of its shares. The company’s shares more than doubled last year, accumulating a 119% increase.

Credit Suisse also stated that the company’s investors are comfortable with WEG’s current market value: “If the results do not disappoint in the short term, which we do not believe will be the case, WEG should continue to be traded at high multiples,” the analysts said.

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WEG, Electric Equipment Manufacturer, Could Be A “Safe Harbor” For Investors In 2022

Report by Credit Suisse Shows That WEG Has Great Resilience and Capacity to Grow Even More in the Next 12 Months

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WEG, Electric Equipment Manufacturer, Could Be A “Safe Harbor” For Investors In 2022

Report by Credit Suisse Shows That WEG Has Great Resilience and Capacity to Grow Even More in the Next 12 Months

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Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

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