Based on the provided data, here's a concise analysis of FIS stock:
Technical Analysis
The stock is currently trading at $79.23, showing a slight decline of -0.08% in the last session. The RSI(14) at 42.87 indicates a neutral momentum, though leaning towards oversold territory. The stock is currently trading near its 20-day SMA of $79.55, suggesting a period of consolidation.
Fundamental Outlook
According to recent analyst reports, FIS is expected to report Q4 earnings of $1.35 per share, representing a 43.6% increase year-over-year. For fiscal 2024, analysts project an EPS of $5.18, up 53.7% from fiscal 2023, indicating strong earnings growth potential.
Analyst Sentiment
Recent analyst coverage shows mixed but generally positive sentiment. Among 30 analysts:
- 13 Strong Buy
- 3 Moderate Buy
- 13 Hold
- 1 Strong Sell
The average price target is $94.92, suggesting a potential upside of 20.9% from current levels.
Recent Developments
The company has received a high rating of 94% from Validea's Twin Momentum Investor model, indicating strong fundamental and price momentum in the industry. Additionally, FIS demonstrated effective cost control in Q3 2024, with SG&A expenses below projections and significant reduction in net interest expenses.
Based on the technical setup, improving fundamentals, and analyst consensus, selling FIS at current levels would not be advisable. The stock shows potential for upside movement given the strong earnings growth expectations and analyst price targets.