PUSHPAY HOLDINGS LIM

PPH
End-of-day quote. End-of-day quote  - 08/05
7.75NZD +0.39%

Pushpay Holdings Limited : The underlying trend is to the upside

Nicolas Aleksy
Contributor / Partner

Strategy published on : 07/30/2020 | 04:41

long trade
Live

Entry price : 7.86NZD
Target : 9.4NZD
Stop-loss : 7.2NZD
Potential : 19.59%

The underlying tendency is to the upside for shares in Pushpay Holdings Limited and the timing is opportune to get back into the stock. A comeback of the upward dynamic can be anticipated.
Investors have an opportunity to buy the stock and target the NZD 9.4.

Summary

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


Strengths

● Analysts expect a sharply increasing business volume for the group, with high growth rates in the coming years.

● 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.

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

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

● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.

● For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.

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

● The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

● The stock is in a well-established, long-term rising trend above the technical support level at 4.88 NZD


Weaknesses

● The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.

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

● The company's "enterprise value to sales" ratio is among the highest in the world.

● With an expected P/E ratio at 39.3 and 29.24 respectively for both the current and next fiscal years, the company operates with high earnings multiples.

MarketScreener.com 2020
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