AP - Kimberly-Clark Corp., the maker of Kleenex tissue and Huggies diapers, said Monday its first-quarter profit rose 64 percent on strong sales growth and cost-cutting efforts.
***Analysts' estimate of a full year income of 4.2 is quite reachable for this giant. Currently, it is trading at 71.17, down a bit from its recent run-up. At this amazing rate of growth, it is imaginable that a P/E of 20 is reachable in the coming days. That will be an increase of about 12.5% from its present price-value immediately. Consider also the fact that KMB can very well beat analysts' estimates, and march to a heftier 25 x earnings. Kimberly is indeed a buy, and it has to be done right now. MACD signalled the buy a month ago - on March 20. RSI approaches overbought levels, and this downtrend now may be part of that correction. Bollinger bands signal a critical moment approaching, since the bands are moving out from each other. Considering the run-up, it might be a signal for a break-out. Buy KMB.
No comments:
Post a Comment