Analyst Revises Meredith Corporation (NYSE:MDP) Stock Target To $55.50


Meredith Corporation (NYSE:MDP) mean price target is $55.50. Thomson Reuters averaged all the calls of analysts polled in First Call census. The EPS projection is $1.20 for approaching quarter and for ongoing fiscal at $3.68. The market cap of Meredith Corporation Common Sto was recorded at $2.24B after the stock closed at $50.20 in last trading day.

What The Valuation Says?

Meredith Corporation (NYSE:MDP) has a P/E ratio of 67.01. Investors can weigh how the equity is performing by fuguring Price-to-Earnings Growth ratio.

Meredith Corporation (NYSE:MDP) PEG ratio sits at 2.83.

Technical Perspective

Technical assessment is used to attempt to estimate the price movement of almost any tradable asset that is usually subject to forces of demand and supply, including stocks, futures, currency pairs and bonds. In fact, technical study can be viewed as the analysis of demand and supply forces as seen in the price movements of a stock. It is most frequently applied to price changes, however, some experts may additionally follow numbers in addition to price, such as open interest figures or trading volume.

Over the years, many technical indicators have been advanced by analysts in efforts to accurately estimate future price movements. There are indicators that focuses primarily on recognising the existing market trend, including resistance and support areas, while others focuses on defining the strength of a movement and the probability of its continuation. Frequently used technical indicators are moving averages, momentum indicators and trendlines.

The technical analysis of Meredith Corporation Common Sto clarifies that the 50-day MA of Meredith Corporation Common Sto is $51.92, and stock is trading $-1.66 points away or -3.20% from 50-day MA of $51.92. It is trading $-1.07 or -2.08% away 200-day MA of $51.33. Meredith Corporation (NYSE:MDP) 52-week high is $57.53 and the 52-week low is $35.03. If the stock gains $-7.27 points, it will top 52-week high. Yet, if it declines +43.48%, it will breach 52-week low.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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