Analyst Revises Fleetmatics Group PLC (NYSE:FLTX) Stock Target


Fleetmatics Group PLC (NYSE:FLTX) mean price target has been set at $56.000 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 $0.470 in the near-term quarter and $1.760 for the ongoing fiscal. The market cap of Fleetmatics Group PLC Ordinary was recorded at $2.32B after the stock closed at $59.525 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. Fleetmatics Group PLC (NYSE:FLTX) has a P/E ratio of 71.717. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Fleetmatics Group PLC (NYSE:FLTX) PEG ratio sits at 1.770. 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 Fleetmatics Group PLC Ordinary visibly illustrates that the 50-day MA of Fleetmatics Group PLC Ordinary is $45.220, and stock is trading 14.305 or +31.635% distant from $45.220. The 200-day MA is $41.085, and this price is $18.440 or +44.883% off from current level. Fleetmatics Group PLC (NYSE:FLTX) 52-week high is $62.860 and the 52-week low is $34.410. This represents that if the stock moves $-3.335 points up on the chart to make a 52-week high. But, if it declines $+72.988%, then the shares price can hit a new 52-week low.

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