Going from trading and income to growth, income, and a lot less trading is interesting. Looking at lots of
different reports etc., but will use CFRA as it makes it easy to sum up thinking.
CFRA on ADP: "Our 12-month target of $348 is 33.5x our FY 22 EPS estimate, above APD’s two-year average
forward P/E of 28.1x, as we account for APD’s solid operational performance"
Sounds like an everything is going to align look to me. However, looking at 2024 estimate of $12.25, makes
the 2024 PE 19 here. With a PE low over the last eight years of 18.70, seems limited downside with lots of
room for upside.
CFRA on MSFT: "Our $397 target is the product of our EPS forecast for ‘23 of $11.57 and a 34.3x P/E (two year mean, +5% due to solid balance sheet)"
Also seems like a rosy outlook. If it should happen great, but if that is the case, it gives a value of $474 on
the $13.84 estimate for 2024. My MSFT holding is trading at a 20.4 PE on that 2024 estimate.
CFRA on SWK: "Our 12-month target of $209 values the shares on P/E of 16x our 2023 estimate, below peers and the company’s five-year historical forward average of 18.1x"
2023 estimate is $13.09, giving my average price of $158.45 a 2023 PE of 11.34.
Note Zacks has 2024 earnings at $14.47 |
