FirstService Corporation : The underlying trend is in force again
Entry price | Target | Stop-loss | Potential |
---|
$177.65 |
$200 |
$160 |
+12.58% |
---|
Shares in FirstService Corporation show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Summary● In a short-term perspective, the company has interesting fundamentals.
Strengths● 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.
● Sales forecast by analysts have been recently revised upwards.
● For the past twelve months, EPS forecast has been revised upwards.
● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
● The tendency within the weekly time frame is positive above the technical support level at 136.41 CAD
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at CAD 188.
● The company does not generate enough profits, which is an alarming weak point.
● With an expected P/E ratio at 91.66 and 80.23 respectively for both the current and next fiscal years, the company operates with high earnings multiples.
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