Today we’ll be diving into HAYS [LON:HAS]. They’re a FTSE 250 recruitment company that operates in Australia, New Zealand, Germany, the UK, Ireland, and beyond.
Hays: The technical view
Hays isn’t exactly perfect for a setup just yet, but it’s interesting to note that it’s been respecting a major monthly support level recently and now it’s making a push to test the 200-day moving average. Usually, we prefer stocks that are trading above that 200 moving average, but this one’s worth keeping an eye on to see how it continues to move.
The fundamental view
Hays Plc is looking pretty good overall, with just one small downside to consider. Their high yield dividend of 8.98% isn’t well covered at the moment.
But on the positive side, their earnings have shot up by a solid 30% in the past year and are expected to keep growing at around 6.96% per year. Plus, the stock is currently trading at a sweet 34.5% discount compared to what we think it’s actually worth. Most analysts agree that the stock price will grow by 30.2%. And even though it’s trading below its estimated fair value by 34.5%, it’s still doing better than its peers in the industry.
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