WINNEBAGO INDUSTRIES

WGO
Real-time Estimate Quote. Real-time Estimate  - 01/27 09:30:35 am
70.475USD -1.56%

Winnebago Industries, Inc. : Towards the breakout of a major resistance level

Jordan Dufee
Senior Analyst

Strategy published on : 01/14/2021 | 02:53

long trade
Live

Entry price : 65.2$
Target : 78$
Stop-loss : 55$
Potential : 19.63%

Winnebago Industries, Inc. shares are reaching an interesting resistance zone. The current technical chart pattern suggests that a breach of this level could lead to new upside potential.
Investors have an opportunity to buy the stock and target the $ 78.

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

● Growth is a substantial asset for the company, as anticipated by dedicated analysts. Within the next three years, growth is estimated to reach 52% by 2023.

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

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

● Its low valuation, with P/E ratio at 10.64 and 10.1 for the ongoing fiscal year and 2022 respectively, makes the stock pretty attractive with regard to earnings multiples.

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

● 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.

● Within the weekly time frame the stock shows a bullish technical configuration above the support level at 40.03 USD


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at USD 68.36.

● The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.

● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.

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