PulteGroup, Inc. shares have been fluctuating horizontalally for several weeks. As the share price approaches the lower bounds, a buying opportunity could arise. Investors have an opportunity to buy the stock and target the $ 58.78.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The company has solid fundamentals for a short-term investment strategy.
The close medium term support offers good timing for purchasing the stock.
Its core activity has a significant growth potential and sales are expected to surge, according to Standard & Poor's' forecast. Indeed, those may increase by 46% by 2023.
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 stock, which is currently worth 2021 to 0.88 times its sales, is clearly overvalued in comparison with peers.
The equity is one of the most attractive in the market with regard to earnings multiple-based valuation.
Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
For the past twelve months, EPS forecast has been revised upwards.
For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
Analysts covering this company mostly recommend stock overweighting or purchase.
The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 29.88 USD
Stock prices approach a strong long-term resistance in weekly data at USD 48.98.
The company is not the most generous with respect to shareholders' compensation.
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