Summary
The Momentum Growth Quotient for the company is 11.59, which is 30.20% higher than the average for the S&P 100.
Shares present a forward rate of return of 16.98% at the current price.
ChartMasterPro upward target price of $107.50.
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Shares of Tiffany and Co (TIF) are down 34.55% since peaking on July 25, 2018, and in my opinion, the shares of this high-end jeweller and specialty retailer are a compelling buy at current price levels. The company has a strong history of generating impressive earnings growth, and the future growth ratios point to continued growth over the next twelve months. I lay out my bullish argument for the company below by reviewing some pertinent fundamental and technical aspects of the stock.
Momentum Growth Quotient
My Momentum Growth Quotient (MGQ) plays a critical part when it comes to determining if I am going to go long or short a stock. Generally, I only want to go long a stock with an MGQ higher than that of the S&P 100, and I want to go short a stock with an MGQ lower than that of the index (for a more detailed explanation of how I calculate the MGQ, please see my blog post).
As of the end of October 2018, the MGQ for the S&P 100 was 9.21.
The current MGQ for TIF stands at 11.99, which implies a 30.20% higher growth rate compared to the S&P 100. This tells us that TIF has strong future growth potential and is a good candidate for a long position.
