PulteGroup
PHM
Delayed Nyse - 07/20 10:03:45 pm
31.11USD
-0.58%

After the accumulation, an upward acceleration ?

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Anas Lozach
Analyst

Strategy published on : 07/10/2018 | 14:02

long trade
Live

Entry price : 29.76$
Target : 33$
Stop-loss : 27.9$
Potential : 10.89%

An exit from the recently observed accumulation phase to the upside could allow for the assumption that a clear upward trend is re-established with an increase in volatility.
Investors have an opportunity to buy the stock and target the $ 33.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● The close medium term support offers good timing for purchasing the stock.

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● The group usually releases upbeat results with huge surprise rates.

● The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.

● Sales forecast by analysts have been recently revised upwards.

● For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.

Zonebourse.com 2018
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