As per the research groups surveyed in Thomson Reuters survey, Hartford Financial Services Group Inc (NYSE:HIG), the stock can touch $46.92 in coming period. It highlights the recommendations of market professionals in the industry.
Thomson Reuters appraises the brokerages reports to reach this price mark. The latest poll specify that the firm may record earnings of $1.08 per share in coming up quarter and $3.27 during current fiscal.
While evaluating Hartford Financial Services Gro on the technical aspect, it is perceived that the firm’s share price is trading $1.25 points away or +3.07% from 50-day moving average of $40.74. It is trading $-1.57 or -3.61% away 200-day moving average of $43.56. MA here is abbreviated for moving average.
Hartford Financial Services Group Inc (NYSE:HIG) stock made a high of $49.41 in last 12-months and the lowest mark in same period was $36.54. It points if stock price records a movement of over $-7.42, it will hit 52-week high. On contrary, if it declines +14.92%, it will hit 52-week low.
The valuation of Hartford Financial Services Gro is prepared by analysts as they apply price-to-earnings ratio, which takes the latest profit and price for valuating a stock. The ratio is known by dividing stock price by yearly EPS. For now, Hartford Financial Services Group Inc (NYSE:HIG) P/E ratio is 12.88.
In general, a high P/E proposes that investors are imagining higher earnings progress in the future compared to firms with a lower P/E ratio. A low P/E can direct either that a firm may currently be underrated or that the firm is doing extremely well comparative to its past trends. When a firm has no earnings or is recording losses, in both circumstances P/E will be stated as “N/A.” Though it is likely to compute a negative P/E, it is not the common convention.
The stakeholders can gauge overall performance by looking at Price-to-Earnings-Growth ratio, and for Hartford Financial Services Gro it stands at 1.87.
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