Analyst Revises MidWestOne Financial Group, Inc. (NASDAQ:MOFG) Stock Target


MidWestOne Financial Group, Inc. (NASDAQ:MOFG) mean price target has been set at $31.50 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 $0.60 in the near-term quarter and $2.08 for the ongoing fiscal. The market cap of MidWestOne Financial Group, Inc was recorded at $340.88M after the stock closed at $29.81 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. MidWestOne Financial Group, Inc. (NASDAQ:MOFG) has a P/E ratio of 13.02. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio.

MidWestOne Financial Group, Inc. (NASDAQ:MOFG) PEG ratio sits at 2.39. 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 MidWestOne Financial Group, Inc visibly illustrates that the 50-day MA of MidWestOne Financial Group, Inc is $29.43, and stock is trading $0.38 points away or +1.31% from its 50-day moving average of $29.43. Further it is trading $1.57 or +5.54% away its 200-day moving average of $28.24. MidWestOne Financial Group, Inc. (NASDAQ:MOFG) 52-week high is $32.52 and the 52-week low is $24.71. This represents that if the stock moves $-2.71 points up on the chart to it will make a 52-week high. But, if it declines +20.64%, then the shares price can hit a new 52-week low.

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