Amdocs Limited (NASDAQ:DOX) has a mean price target of $62.00 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $0.93 a share for the very next quarter and $3.57 for this year.
The technical study of Amdocs Limited demonstrates that the 50-day moving average of Amdocs Limited (NASDAQ:DOX) stock is $59.46, and is trading $0.47 points away or +0.78% from 50-day moving average of $59.46. It is trading $1.80 or +3.10% away 200-day moving average of $58.13.
The 52-week high of Amdocs Limited (NASDAQ:DOX) was $61.33 while $50.06 is the low mark in the same period. It state Amdocs Limited share price has to surge more than $-1.40 to hit 52-week high or drop +19.72% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of Amdocs Limited, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. Amdocs Limited (NASDAQ:DOX) ratio came in at 22.66, after dividing current equity price by yearly earnings. Amdocs Limited stock recorded a close of $59.93 in last trading session, registering a market cap of $8.92B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. Amdocs Limited (NASDAQ:DOX) PEG ratio is at 2.42.
1 Chart Pattern Every Investor Should Know
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