HollyFrontier Corp
HFC
Delayed Nyse - 09/21 10:01:57 pm
66.88USD
+1.43%

The underlying trend is in force again

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Floriane Rousseaux
Junior Analyst

Strategy published on : 07/09/2018 | 15:30

long trade
Target price hit

Entry price : 69$
Target : 75.3$
Stop-loss : 64.2$
Potential : 9.13%

Shares in HollyFrontier Corp show a positive technical chart pattern over the medium term, which suggests that the rising trend should be followed.
Investors have an opportunity to buy the stock and target the $ 75.3.

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 has attractive valuation levels with a low EV/sales ratio compared with its peers.

● With a P/E ratio at 11.11 for the current year and 12.97 for next year, earnings multiples are highly attractive compared with competitors.

● Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.

● Over the past year, analysts have regularly revised upwards their sales forecast for the company.

● 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 stock is in a well-established, long-term rising trend above the technical support level at 46.51 USD


Weaknesses

● As estimated by analysts, this group is among those businesses with the lowest growth prospects.

● Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.

Zonebourse.com 2018
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