Analyst Revises Meredith Corporation (NYSE:MDP) Stock Target


Meredith Corporation (NYSE:MDP) mean price target has been set at $50.7500 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 $0.7500 in the near-term quarter and $3.2700 for the ongoing fiscal. The market cap of Meredith Corporation Common Sto was recorded at $2.46B after the stock closed at $55.2983 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. Meredith Corporation (NYSE:MDP) has a P/E ratio of 15.0308. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Meredith Corporation (NYSE:MDP) PEG ratio sits at 3.3800. 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 Meredith Corporation Common Sto visibly illustrates that the 50-day MA of Meredith Corporation Common Sto is $51.6121, and stock is trading 3.6862 or +7.1421% distant from $51.6121. The 200-day MA is $46.4778, and this price is $8.8205 or +18.9779% off from current level. Meredith Corporation (NYSE:MDP) 52-week high is $55.7000 and the 52-week low is $35.0300. This represents that if the stock moves $-0.4017 points up on the chart to make a 52-week high. But, if it declines $+57.8598%, then the shares price can hit a new 52-week low.

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