Booking Holdings Inc. : Attractive timing to go long again
July 18, 2018 at 08:47 am
By
Share
BUY
Stop-loss triggered
Entry price
Target
Stop-loss
Potential
US$2,024.59
US$2,150
US$1,970.8
+6.19%
Shares in Booking Holdings Inc are retreating towards the lower bound of a horizontal trading range. Investors could use the proximity of this support area to initiate new long positions.
Summary
● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
Strengths
● Share prices are approaching a strong support area in daily data, which offers good timing for investors.
● Its core activity has a significant growth potential and sales are expected to surge, according to Thomson Reuters' forecast. Indeed, those may increase by 46% by 2020.
● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
● Thanks to a sound financial situation, the firm has significant leeway for investment.
● 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.
● The group usually releases upbeat results with huge surprise rates.
● 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 1910.21 USD
Weaknesses
● Based on current prices, the company has particularly high valuation levels.
● The company benefits from high valuations in earnings multiples.
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Surperformance is Buy on BOOKING HOLDINGS INC. since 2023-03-13
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Booking Holdings Inc. is one of the world's leading online travel companies. The group offers a broad range of travel services: hotel booking, car rentals, airline tickets booking, combined trips, customized trips, cruises, etc.
Net sales are distributed geographically as follows: the United States (10.9%), the Netherlands (79.6%) and other (9.5%).