Analyst Revises Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) Stock Target


Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) mean price target has been set at $27.150 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 $0.520 in the near-term quarter and $1.880 for the ongoing fiscal. The market cap of Taiwan Semiconductor Manufactur was recorded at $150.63B after the stock closed at $29.220 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. Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) has a P/E ratio of 16.985. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio.

Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) PEG ratio sits at 1.040. 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 Taiwan Semiconductor Manufactur visibly illustrates that the 50-day MA of Taiwan Semiconductor Manufactur is $27.317, and stock is trading $1.728 points away or +6.324% from its 50-day moving average of $27.317. Further it is trading $3.858 or +15.318% away its 200-day moving average of $25.187. Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) 52-week high is $29.450 and the 52-week low is $17.320. This represents that if the stock moves $-0.405 points up on the chart to it will make a 52-week high. But, if it declines +67.696%, then the shares price can hit a new 52-week low.

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