ICON PLC
ICLR
Delayed Nasdaq - 09/20 10:00:02 pm
149.99USD
+2.16%

In an accumulation phase

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Anas Lozach
Analyst

Strategy published on : 04/12/2018 | 14:26

long trade
Target price hit

Entry price : 116.91$
Target : 127$
Stop-loss : 111.2$
Potential : 8.63%

After several weeks of range-bound movement, shares in ICON PLC could enter into a new clear trend. The exit out of the current trading range could be the signal for a return of volatility.
Investors have an opportunity to buy the stock and target the $ 127.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.


Strengths

● Growth progress expectations are rather promising. Indeed, sales are expected to rise sharply in the coming years.

● The group's activity appears highly profitable thanks to its outperforming net margins.

● The company is in a robust financial situation considering its net cash and margin position.

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

● Over the last twelve months, the sales forecast has been frequently revised upwards.

● Analysts covering this company mostly recommend stock overweighting or purchase.


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at USD 123.05.

Zonebourse.com 2018
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