Analyst Revises Hanesbrands Inc. (NYSE:HBI) Stock Target


Hanesbrands Inc. (NYSE:HBI) mean price target has been set at $36.000 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 $0.610 in the near-term quarter and $1.930 for the ongoing fiscal. The market cap of Hanesbrands Inc. Common Stock was recorded at $9.83B after the stock closed at $26.029 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. Hanesbrands Inc. (NYSE:HBI) has a P/E ratio of 22.733. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Hanesbrands Inc. (NYSE:HBI) PEG ratio sits at 1.250. 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 Hanesbrands Inc. Common Stock visibly illustrates that the 50-day MA of Hanesbrands Inc. Common Stock is $26.240, and stock is trading -0.211 or -0.805% distant from $26.240. The 200-day MA is $27.537, and this price is $-1.508 or -5.476% off from current level. Hanesbrands Inc. (NYSE:HBI) 52-week high is $33.240 and the 52-week low is $23.250. This represents that if the stock moves $-7.211 points up on the chart to make a 52-week high. But, if it declines $+11.953%, then the shares price can hit a new 52-week low.

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