Fuel Systems is the definition of a growth stock that has had an excellent run in stock price and returns over the past month. FSYS smashed street earnings expectations last month, posting a 150% EPS surprise. Earnings estimates have been since trending upwards, debt/total capital ratio has decreased by a healthy amount, and the ROE for the trailing four quarters has increased by over 12% from its previous year.
FSYS is entering into new 52-week highs. MACD is bullish, although it has fallen to the same level as its signal period. However, healthy levels of volume indicate the market believes the stock to be correctly valued at its current price. We set out target price to $32.40 over the next one month period.
$28.84 (06/04/08)
