Amgen Inc. (NASDAQ:AMGN) PEG Ratio At 1.95


Market experts has given a mean price target of $190.56 to Amgen Inc. (NASDAQ:AMGN) stock. The target price is the mean of all calls released by analysts in First Call poll. They have EPS estimate of $2.82 for the near-term quarter and $11.36 for this year.

Technical View

The technical assessment of Amgen Inc. pinpoints that the 50-day moving average of Amgen Inc. (NASDAQ:AMGN) stock is $172.09, and is trading $2.71 points away or +1.57% from 50-day moving average of $172.09. It is trading $14.72 or +9.20% off 200-day MA of $160.08.

The 52-week high of Amgen Inc. (NASDAQ:AMGN) was $176.85 while $130.09 is the low point in the same period. Amgen Inc. share price has to rise more than $-2.05 to register a high for 52-weeks or drop +34.37% to make 52-week low. MA should be referred to as moving average.

Without understanding when a stock is over-valued, or too richly priced, a shareholder may miss out on a chance to cash-in on a profit and investment. Worse, a shareholder might close up their position when a price has no direction.

P/E ratio

Amgen Inc. (NASDAQ:AMGN) P/E ratio is 17.89 while PEG ratio is at 1.95. By overlooking a firm’s price-to-earnings ratio, a shareholder could miss out to discover the true value of stocks and end up investing in the wrong stocks. A P/E ratio is a computation of how much investors are wanting to pay for a purchasing an equity relative to the firm’s earnings. It is valuable when comparing the equity price of one firm to another trading in the same industry. The P/E ratio is discovered by dividing market value of stock by average earnings per share in a specified period of time, for instance, the past year.

Amgen Inc. stock recorded a close of $174.80 in last trading session, which brings it market cap to $130.81B.

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