The current trading zone is interesting to the point that investors should pay attention to the stock and anticipate a return of the underlying upward trend. Investors have an opportunity to buy the stock and target the $ 276.
Its low valuation, with P/E ratio at 8.58 and 7.96 for the ongoing fiscal year and 2022 respectively, makes the stock pretty attractive with regard to earnings multiples.
Over the last twelve months, the sales forecast has been frequently revised upwards.
Analysts have consistently raised their revenue expectations for the company, which provides good prospects for the current and next years in terms of revenue growth.
For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
The group usually releases upbeat results with huge surprise rates.
ę MarketScreener.com 2021
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