Rackspace Hosting, Inc (NYSE:RAX) has a mean price target of $30.90 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 $0.22 a share for the very next quarter and $1.07 for this year.
The technical study of Rackspace Hosting, Inc Common S demonstrates that the 50-day moving average of Rackspace Hosting, Inc (NYSE:RAX) stock is $28.54, and is trading $2.90 points away or +10.17% from 50-day moving average of $28.54. It is trading $7.26 or +30.03% away 200-day moving average of $24.18.
The 52-week high of Rackspace Hosting, Inc (NYSE:RAX) was $32.14 while $15.05 is the low mark in the same period. It state Rackspace Hosting, Inc Common S share price has to surge more than $-0.70 to hit 52-week high or drop +108.90% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of Rackspace Hosting, Inc Common S, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. Rackspace Hosting, Inc (NYSE:RAX) ratio came in at 27.68, after dividing current equity price by yearly earnings. Rackspace Hosting, Inc Common S stock recorded a close of $31.44 in last trading session, registering a market cap of $3.96B.
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. Rackspace Hosting, Inc (NYSE:RAX) PEG ratio is at 1.74.
1 Chart Pattern Every Investor Should Know
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