Factors to Consider
Technical factors provided by Barchart.comThe stock rates a 96% Barchart technical buy signal as well as a Trend Spotter buy signal. It is trading above its 20-, 50- and 100-day moving average and hit 15 new highs in the last quarter as well as 31 new highs in the past year. The price increased 14% for the quarter and 24% in the past year. The Relative Strength Index is 64.67%, and Barchart computes a technical support level at 470.41. The price recently was 476.50, which is above its 50-day moving average of 448.14.
Fundamental FactorsWall Street is following this stock, and seven brokerage firms assigned 11 analysts to predict the company's numbers. They project revenue will increase by 8.8% this year and another 6.6% next year. Earnings are estimated to increase by 37.1% this year and an additional 8.2% next year. They're expected and continue to increase by an annual rate of 11.75% for five years out. The price-to-earnings ratio is a reasonable 21.24 when compared to the market P/E of 15-plus. The company has a single-A financial strength rating.