Analyst Revises Amdocs Limited (NASDAQ:DOX) Stock Target


Amdocs Limited (NASDAQ:DOX) mean price target has been set at $61.110 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.920 in the near-term quarter and $3.570 for the ongoing fiscal. The market cap of Amdocs Limited was recorded at $8.64B after the stock closed at $57.685 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Amdocs Limited (NASDAQ:DOX) has a P/E ratio of 21.784. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Amdocs Limited (NASDAQ:DOX) PEG ratio sits at 2.350. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Amdocs Limited visibly illustrates that the 50-day MA of Amdocs Limited is $56.962, and stock is trading 0.723 or +1.269% distant from $56.962. The 200-day MA is $56.636, and this price is $1.049 or +1.852% off from current level. Amdocs Limited (NASDAQ:DOX) 52-week high is $61.460 and the 52-week low is $50.060. This represents that if the stock moves $-3.775 points up on the chart to make a 52-week high. But, if it declines $+15.232%, then the shares price can hit a new 52-week low.

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