Analyst Revises Manning & Napier, Inc. (NYSE:MN) Stock Target


Manning & Napier, Inc. (NYSE:MN) mean price target has been set at $8.7500 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 $0.2000 in the near-term quarter and $0.7500 for the ongoing fiscal. The market cap of Manning & Napier, Inc. Class A was recorded at $127.73M after the stock closed at $8.4975 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. Manning & Napier, Inc. (NYSE:MN) has a P/E ratio of 10.3628. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Manning & Napier, Inc. (NYSE:MN) PEG ratio sits at -1.4900. 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 Manning & Napier, Inc. Class A visibly illustrates that the 50-day MA of Manning & Napier, Inc. Class A is $9.1146, and stock is trading -0.6171 or -6.7701% distant from $9.1146. The 200-day MA is $8.1978, and this price is $0.2997 or +3.6557% off from current level. Manning & Napier, Inc. (NYSE:MN) 52-week high is $11.4000 and the 52-week low is $5.6000. This represents that if the stock moves $-2.9025 points up on the chart to make a 52-week high. But, if it declines $+51.7411%, then the shares price can hit a new 52-week low.

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