Analyst Revises Credit Acceptance Corporation (NASDAQ:CACC) Stock Target


Credit Acceptance Corporation (NASDAQ:CACC) mean price target has been set at $173.880 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 $4.010 in the near-term quarter and $15.840 for the ongoing fiscal. The market cap of Credit Acceptance Corporation was recorded at $4.04B after the stock closed at $197.892 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. Credit Acceptance Corporation (NASDAQ:CACC) has a P/E ratio of 13.648. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Credit Acceptance Corporation (NASDAQ:CACC) PEG ratio sits at 1.710. 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 Credit Acceptance Corporation visibly illustrates that the 50-day MA of Credit Acceptance Corporation is $180.268, and stock is trading 17.624 or +9.777% distant from $180.268. The 200-day MA is $187.286, and this price is $10.606 or +5.663% off from current level. Credit Acceptance Corporation (NASDAQ:CACC) 52-week high is $259.530 and the 52-week low is $159.430. This represents that if the stock moves $-61.638 points up on the chart to make a 52-week high. But, if it declines $+24.125%, then the shares price can hit 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...

Click Here to See This Now.

(Visited 3 times, 1 visits today)