Darden Restaurants, Inc. (NYSE:DRI) has a mean price target of $69.22 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $0.64 a share for the very next quarter and $3.87 for this year.
The technical study of Darden Restaurants, Inc. Common demonstrates that the 50-day moving average of Darden Restaurants, Inc. (NYSE:DRI) stock is $62.01, and is trading $-0.06 points away or -0.09% from 50-day moving average of $62.01. It is trading $-2.31 or -3.60% away 200-day moving average of $64.26.
The 52-week high of Darden Restaurants, Inc. (NYSE:DRI) was $72.11 while $53.38 is the low mark in the same period. It state Darden Restaurants, Inc. Common share price has to surge more than $-10.16 to hit 52-week high or drop +16.05% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of Darden Restaurants, Inc. Common, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. Darden Restaurants, Inc. (NYSE:DRI) ratio came in at 21.38, after dividing current equity price by yearly earnings. Darden Restaurants, Inc. Common stock recorded a close of $61.95 in last trading session, registering a market cap of $7.82B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. Darden Restaurants, Inc. (NYSE:DRI) PEG ratio is at 1.06.
1 Chart Pattern Every Investor Should Know
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