The Chunghwa Telecom Co. Ltd. (CHT) shares are trading at higher $38.28. The current analyst price target stands at $34.67.
To add more color to this target, the company’s high over the last year is $38.43 and the low is $33.61. Over the last 52 weeks, CHT is down -0.40% while the S&P 500 is down -2.55%. The catalyst for this interesting swing was the company’s recent earnings report.
A Notable Earnings Report
In the last quarter, CHT reported a profit of $349.6 million. Chunghwa Telecom Co. Ltd. also saw revenues increase to $1.6 billion. In addition, CHT has free cash flow of $318.43 million as of 03-2020 The company’s EBITDA came in at $642.37 million which compares well with its peers.
CHT booked profit margins of 16.00%, its Return on Equity (ROE) is 8.80%, and its Return on Assets is 6.80%. All told, it is clear that, CHT needs to be on your watchlist.
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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. CHT has a short ratio of 2.19 and outstanding shares of 775.75M.
CHT has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.13 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.42. Chunghwa Telecom Co. Ltd. CHT also noted assets of $16.6 billion at the end of the last quarter. Investors should also keep an eye on sector updates as CHT has historically followed its peers on positive news.
All told, Chunghwa Telecom Co. Ltd. CHT has strung together solid data and demonstrated underlying fundamentals. At its current valuation, CHT represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.
Chunghwa Telecom Co. Ltd. CHT is now commanding a market cap of 29.86B and a float of 456.63M. CHT is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of CHT stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in CHT, either long or short, and we have not been compensated for this article.