Earnings estimates for 2013 have been raised to $2.45 versus $2.41 in 2012, and its capital investment program supports an average growth rate of 8% from 2012 through 2016, according to S&P.
The stock is in a broad sideways consolidation with support at $27 to $27.50 and resistance at its 200-day moving average at $28.40. With a dividend yield of over 5% and potential for earnings and dividend increases, it is a good candidate for safety and total long-term return. Try to buy it on a pullback to support at $27 to $27.50.
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