Analyst Revises Haverty Furniture Companies, Inc. (NYSE:HVT) Stock Target


Haverty Furniture Companies, Inc. (NYSE:HVT) mean price target is revealed at $23.00 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 $0.45 in the coming quarter and $1.28 for the ongoing fiscal. The market cap of Haverty Furniture Companies, In was $411.74M after the equity closed at $19.44 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. Haverty Furniture Companies, Inc. (NYSE:HVT) has a P/E ratio of 16.34. 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.

Haverty Furniture Companies, Inc. (NYSE:HVT) PEG ratio sits at -1.01. 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 Haverty Furniture Companies, In visibly elucidates that the 50-day MA of Haverty Furniture Companies, In is $19.87, and stock is trading $-0.36 points away or -1.79% from 50-day moving average of $19.87. It is trading $0.28 or +1.46% away 200-day moving average of $19.23. Haverty Furniture Companies, Inc. (NYSE:HVT) 52-week high is $24.54 and the 52-week low is $16.65. This represents that if the equity moves $-5.03 points upside on the chart, it will hit a 52-week high. On the other hand, if it plunges +17.18%, then the share price can log a new 52-week low.

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