● The company has solid fundamentals for a short-term investment strategy.
Strengths
● Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.
● Sales forecast by analysts have been recently revised upwards.
● For the last week, the earnings per share forecast has been revised upwards. According to recent estimates, analysts give a positive overview of the stock
● The stock is in a well-established, long-term rising trend above the technical support level at 115.6 USD
Weaknesses
● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
● The company's valuation in terms of earnings multiples is rather high. Indeed, the firm is getting paid 46.12 times its estimated earnings per share for the ongoing year.
● The appreciation potential seems limited due to the average target prices set by the analysts covering the stock.