Intel Corporation
INTC
Delayed Nasdaq - 01/17 10:00:00 pm
48.47USD
+0.71%

The calm spell can be taken advantage of to put on new positions

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David Meurisse
Contributor / Partner

Strategy published on : 01/08/2019 | 10:13

long trade
Live

Entry price : 47.7717$
Target : 52.9$
Stop-loss : 45.7$
Potential : 10.74%

The price of Intel Corporation shares is range-bound. This phase will end sooner or later when volatility comes back.
Investors have an opportunity to buy the stock and target the $ 52.9.

Summary

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

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● The share is getting closer to its long-term support in weekly data, at USD 43.95, which offers good timing for buyers.

● Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.

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

● Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.

● The group usually releases upbeat results with huge surprise rates.

● With a P/E ratio at 10.65 for the current year and 10.94 for next year, earnings multiples are highly attractive compared with competitors.

● Upward revisions of sales forecast reflect a renewed optimism among the analysts covering the stock.

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

● For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.

● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.


Weaknesses

● With an enterprise value anticipated at 3.26 times the sales for the current fiscal year, the company turns out to be overvalued.

Zonebourse.com 2019
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