Analyst Revises World Wrestling Entertainment, Inc. (NYSE:WWE) Stock Target


World Wrestling Entertainment, Inc. (NYSE:WWE) mean price target has been set at $21.990 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 $0.120 in the near-term quarter and $0.480 for the ongoing fiscal. The market cap of World Wrestling Entertainment, was recorded at $1.60B after the stock closed at $21.040 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. World Wrestling Entertainment, Inc. (NYSE:WWE) has a P/E ratio of 67.379. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio.

World Wrestling Entertainment, Inc. (NYSE:WWE) PEG ratio sits at 2.210. 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 World Wrestling Entertainment, visibly illustrates that the 50-day MA of World Wrestling Entertainment, is $20.257, and stock is trading $0.698 points away or +3.445% from its 50-day moving average of $20.257. Further it is trading $2.922 or +16.206% away its 200-day moving average of $18.033. World Wrestling Entertainment, Inc. (NYSE:WWE) 52-week high is $21.470 and the 52-week low is $14.200. This represents that if the stock moves $-0.515 points up on the chart to it will make a 52-week high. But, if it declines +47.570%, then the shares price can hit a new 52-week low.

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