Analyst Revises Convergys Corporation (NYSE:CVG) Stock Target


Convergys Corporation (NYSE:CVG) mean price target is revealed at $32.00 by Thomson Reuters. The group followed the stock recommendations given by experts in the First Call poll. Also, it is possible that the firm may list per share earnings of $0.56 in the coming quarter and $1.91 for the ongoing fiscal. The market cap of Convergys Corporation Common St was $2.78B after the equity closed at $29.17 in last trading day.

What The Valuation Says?

The price/earnings ratio is listed in the group of ratios that are used for stock valuation. Commonly entitled as P/E ratio, it aids investors know where the firm positions in the market. It is a consequent when share’s latest price is divided by per-share earnings. Convergys Corporation (NYSE:CVG) has a P/E ratio of 16.95. Investors can ascertain how the stock is doing in the industry by assessing Price-to-Earnings Growth ratio.

In common, a high P/E proposes that investors are predicting higher earnings surge in the future compared to firms with a lower P/E ratio. A low P/E can direct either that a firm may currently be underrated or that the firm is doing extremely well comparative to its past trends. When a firm has no earnings or is recording losses, in both circumstances P/E will be stated as “N/A.” Though it is likely to compute a negative P/E, it is not the common convention.

Convergys Corporation (NYSE:CVG) PEG ratio sits at 1.61. A low PEG ratio presents an investment opportunity to the resourceful traders and investors. The stocks with a reading in between 0 and 1 are undervalued equities. A reading of 1 and 2 denotes fairly priced stocks.

Technical Perspective

The technical study of Convergys Corporation Common St visibly elucidates that the 50-day MA of Convergys Corporation Common St is $28.91, and stock is trading $0.04 points away or +0.15% from 50-day moving average of $28.91. It is trading $1.65 or +6.06% away 200-day moving average of $27.30. Convergys Corporation (NYSE:CVG) 52-week high is $30.92 and the 52-week low is $22.53. This represents that if the equity moves $-1.97 points upside on the chart, it will hit a 52-week high. On the other hand, if it plunges +28.50%, then the share price can log a new 52-week low.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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