Wall Street brokerage firms love this company and have published 11 buy recommendations to their clients. Analysts feel sales will grow by 18.80% this year and 19.00% next year. Earnings per share are expected to have annual increases of 21.25% for at least 5 years.
The stock has current price momentum and increased by 30.29% in just the last month. Barchart gave the stock an over-all 96% buy rating. The stock hit 17 new highs in the last 20 sessions including 5 in the last 5. The stock has a 14 day Relative Strength index of 98.33% and recently traded at 10.41 well above its 50 day moving average of 8.52.
The general investing public likes this stock too with the CAPS members on Motley Fool voting 78 to 22 that the stock will beat the market with the All Stars in agreement 28 to 12. Fool notes that of the Wall Street journalists they follow all of the last 13 articles about the company have been positive.
The stock deserves you attention because:
- Recent upward price momentum in more than 50% of the latest trading sessions
- Wall Street buy recommendations based on estimates of double digit increases in sales and earnings
- Positive investor sentiment
Jim Van Meerten is an advisor to Marketocracy Capital Management who uses his model portfolios not only to manage their mutual funds but also their clients Separately Managed Accounts. You can read his blogs about those model portfolios and investing here and on Barchart Portfolio Blogs. Please leave a comment below or email JimVanMeerten@gmail.com.
Disclosure: Jim Van Meerten through Marketocracy Capital Management has an interest in the stocks mentioned in this blog.
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