Analyst Revises Meridian Bioscience Inc. (NASDAQ:VIVO) Stock Target


Meridian Bioscience Inc. (NASDAQ:VIVO) mean price target has been set at $19.8000 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 $0.2100 in the near-term quarter and $0.8600 for the ongoing fiscal. The market cap of Meridian Bioscience Inc. was recorded at $810.35M after the stock closed at $19.2601 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. Meridian Bioscience Inc. (NASDAQ:VIVO) has a P/E ratio of 22.9287. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Meridian Bioscience Inc. (NASDAQ:VIVO) PEG ratio sits at 1.4200. 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 Meridian Bioscience Inc. visibly illustrates that the 50-day MA of Meridian Bioscience Inc. is $19.6509, and stock is trading -0.3908 or -1.9887% distant from $19.6509. The 200-day MA is $19.7710, and this price is $-0.5109 or -2.5841% off from current level. Meridian Bioscience Inc. (NASDAQ:VIVO) 52-week high is $21.4900 and the 52-week low is $16.6000. This represents that if the stock moves $-2.2299 points up on the chart to make a 52-week high. But, if it declines $+16.0247%, then the shares price can hit a new 52-week low.

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