Stock To Watch: Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT)

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The leading market experts have placed a mean price target of $6.89 on Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) 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 $-0.34 a share for the upcoming quarter and $-2.28 for the current fiscal.

Technical View

The technical analysis of Calumet Specialty Products Part plainly substantiates that the 50-day moving average of Calumet Specialty Products Part is $4.78, and stock is trading $0.80 points away or +16.77% from its 50-day moving average of $4.78. Further it is trading $-1.83 or -24.72% away its 200-day moving average of $7.41. Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) 52-week high is $27.88 and the 52-week low is $3.42.

This explains if the stock moves $-22.30, it will post a 52-week high. In event of +63.16% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Calumet Specialty Products Part, 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, Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) ratio came in at N/A.

The stock last ended the trading session at $5.58 and registered a market cap of $426.15M. 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. Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) PEG ratio is at -0.55.

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