Ross Stores, Inc. : Buyers are coming back
Entry price | Target | Stop-loss | Potential |
---|
US$116.58 |
US$128.7 |
US$109.7 |
+10.4% |
---|
Ross Stores shares have recently experienced an upward movement with a return of higher volumes and volatility. This technical chart pattern suggests a continuation of the upward movement.
Summary● 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.
Strengths● The company is in a robust financial situation considering its net cash and margin position.
● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
● Historically, the company has been releasing figures that are above expectations.
● 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
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The tendency within the weekly time frame is positive above the technical support level at 94.86 USD
Weaknesses● The firm trades with high earnings multiples: 25.45 times its 2020 earnings per share.
● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
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