Analyst Revises Dominion Resources, Inc. (NYSE:D) Stock Target


Dominion Resources, Inc. (NYSE:D) mean price target has been set at $78.400 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 $1.120 in the near-term quarter and $3.790 for the ongoing fiscal. The market cap of Dominion Resources, Inc. Common was recorded at $47.73B after the stock closed at $77.459 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. Dominion Resources, Inc. (NYSE:D) has a P/E ratio of 24.427. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Dominion Resources, Inc. (NYSE:D) PEG ratio sits at 3.420. 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 Dominion Resources, Inc. Common visibly illustrates that the 50-day MA of Dominion Resources, Inc. Common is $73.545, and stock is trading 3.914 or +5.321% distant from $73.545. The 200-day MA is $71.597, and this price is $5.862 or +8.187% off from current level. Dominion Resources, Inc. (NYSE:D) 52-week high is $78.970 and the 52-week low is $64.540. This represents that if the stock moves $-1.511 points up on the chart to make a 52-week high. But, if it declines $+20.017%, then the shares price can hit a new 52-week low.

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