Stock To Watch: Amdocs Limited (NASDAQ:DOX)


The leading market experts have placed a mean price target of $62.00 on Amdocs Limited (NASDAQ:DOX) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.93 a share for the upcoming quarter and $3.57 for the current fiscal.

Technical View

The technical analysis of Amdocs Limited plainly substantiates that the 50-day moving average of Amdocs Limited is $57.82, and stock is trading $1.16 points away or +2.01% from its 50-day moving average of $57.82. Further it is trading $1.60 or +2.78% away its 200-day moving average of $57.38. Amdocs Limited (NASDAQ:DOX) 52-week high is $61.27 and the 52-week low is $50.06.

This explains if the stock moves $-2.29, it will post a 52-week high. In event of +17.82% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Amdocs Limited, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Amdocs Limited (NASDAQ:DOX) ratio came in at 22.30.

The stock last ended the trading session at $58.98 and registered a market cap of $8.78B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Amdocs Limited (NASDAQ:DOX) PEG ratio is at 2.35.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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