The leading market experts have placed a mean price target of $157.67 on Churchill Downs, Incorporated (NASDAQ:CHDN) 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 $0.81 a share for the upcoming quarter and $5.55 for the current fiscal. Technical View The technical analysis of Churchill Downs, Incorporated plainly substantiates that the 50-day moving average of Churchill Downs, Incorporated is $126.70, and stock is hovering 4.91 or +3.88% distant from $126.70. It is noted that the 200-day MA is $133.57, and Churchill Downs, Incorporated stock is $-1.96 or -1.46% off from this point. Churchill Downs, Incorporated (NASDAQ:CHDN) 52-week high is $152.98 and the 52-week low is $118.76. This explains if the stock moves $-21.37, it will post a 52-week high. In event of $+10.82% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Churchill Downs, Incorporated, 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, Churchill Downs, Incorporated (NASDAQ:CHDN) ratio came in at 33.12. The stock last ended the trading session at $131.61 and registered a market cap of $2.17B. 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. Churchill Downs, Incorporated (NASDAQ:CHDN) PEG ratio is at 2.00.
1 Chart Pattern Every Investor Should Know