Cintas Corporation 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 $ 133.
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.
The company returns high margins, thereby supporting business profitability.
There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
The group usually releases upbeat results with huge surprise rates.
Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
The stock is in a well-established, long-term rising trend above the technical support level at 113.88 USD
Stock prices approach a strong long-term resistance in weekly data at USD 128.28.
The stock is close to a major daily resistance at USD 128.28, which should be gotten rid of so as to gain new appreciation potential.
The firm trades with high earnings multiples: 27.41 times its 2017 earnings per share.
The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
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