T. Rowe Price Group Inc. shares are closing in on important technical levels. The technical chart pattern suggests that the currently tested resistance will be broken and new upside potential arises while volatility is likely to increase. Investors could get ahead of this signal in order to benefit from a better risk/reward ratio. Investors have an opportunity to buy the stock and target the $ 170.
The group's activity appears highly profitable thanks to its outperforming net margins.
Thanks to a sound financial situation, the firm has significant leeway for investment.
Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.
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.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.
For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
The tendency within the weekly time frame is positive above the technical support level at 118.94 USD
Stock prices approach a strong long-term resistance in weekly data at USD 152.53.
The stock is close to a major daily resistance at USD 153.17, which should be gotten rid of so as to gain new appreciation potential.
With an enterprise value anticipated at 5.31 times the sales for the current fiscal year, the company turns out to be overvalued.
ę MarketScreener.com 2020
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