The return of higher trading volumes and volatility could reflect theoretically the starting point of the return of a new upward move for shares in Mainfreight Limited. The upward movement can be expected to continue. Investors have an opportunity to buy the stock and target the NZD 92.3.
The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
The company presents an interesting fundamental situation from a short-term investment perspective.
According to Refinitiv, the company's ESG score for its industry is poor.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.
For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
For the past twelve months, EPS forecast has been revised upwards.
Analysts covering this company mostly recommend stock overweighting or purchase.
Over the past four months, analysts' average price target has been revised upwards significantly.
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.
Historically, the company has been releasing figures that are above expectations.
The firm trades with high earnings multiples: 31.61 times its 2022 earnings per share.
The company appears highly valued given the size of its balance sheet.
The company is not the most generous with respect to shareholders' compensation.
The overall consensus opinion of analysts has deteriorated sharply over the past four months.
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