Market experts has given a mean price target of $55.50 to Meredith Corporation (NYSE:MDP) stock. The target price is the mean of all calls released by analysts in First Call poll. They have EPS estimate of $1.20 for the near-term quarter and $3.68 for this year.
The technical assessment of Meredith Corporation Common Sto pinpoints that the 50-day moving average of Meredith Corporation (NYSE:MDP) stock is $52.90, and is trading $-2.21 points away or -4.18% from 50-day moving average of $52.90. It is trading $-0.07 or -0.13% off 200-day MA of $50.76.
The 52-week high of Meredith Corporation (NYSE:MDP) was $57.53 while $35.03 is the low point in the same period. Meredith Corporation Common Sto share price has to rise more than $-6.84 to register a high for 52-weeks or drop +44.70% to make 52-week low. MA should be referred to as moving average.
Without understanding when a stock is over-valued, or too richly priced, a shareholder may miss out on a chance to cash-in on a profit and investment. Worse, a shareholder might close up their position when a price has no direction.
Meredith Corporation (NYSE:MDP) P/E ratio is 67.59 while PEG ratio is at 2.73. By overlooking a firm’s price-to-earnings ratio, a shareholder could miss out to discover the true value of stocks and end up investing in the wrong stocks. A P/E ratio is a computation of how much investors are wanting to pay for a purchasing an equity relative to the firm’s earnings. It is valuable when comparing the equity price of one firm to another trading in the same industry. The P/E ratio is discovered by dividing market value of stock by average earnings per share in a specified period of time, for instance, the past year.
Meredith Corporation Common Sto stock recorded a close of $50.69 in last trading session, which brings it market cap to $2.26B.
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