MKS Instruments, Inc.
MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of technologies that enable advanced processes and improve productivity. It also provides services relating to the maintenance and repair of its products, installation services and training.
Why should Investors Sell?
Valuation Methodology: Enterprise Value/EBITDA Multiple Based Relative Valuation
Source: Analysis by Kalkine Group
MKSI Daily Technical Chart as on date January 14, 2022 (Source: REFINITIV)
MKSI’s stock price has surged 2.47% in the past nine months and is currently leaning towards the higher-band of the 52-week range of USD 199.44 to USD 138.70. The stock is currently trading above its 50 and 200 DMA levels, and its RSI Index is 62.208. We have valued the stock using the EV/EBITDA multiple-based relative valuation methodology and arrived at a target price of USD 153.98.
Considering the company's growth prospects, ongoing disruption in acquisition, current valuation, and technical indicators, we believe the decent business fundamentals are adequately reflected at current trading levels. Hence, we recommend a "Sell" rating on the stock at the closing price of USD 180.69, up 3.91%, as of January 14, 2022.
* The reference data in this report has been partly sourced from REFINITIV.
* All forecasted figures and industry information have been taken from REFINITIV.