Stock To Watch: Cognizant Technology Solutions Corporation (NASDAQ:CTSH)


The leading market experts have placed a mean price target of $68.81 on Cognizant Technology Solutions Corporation (NASDAQ:CTSH) 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 $0.86 a share for the upcoming quarter and $3.37 for the current fiscal. Technical View The technical analysis of Cognizant Technology Solutions plainly substantiates that the 50-day moving average of Cognizant Technology Solutions is $58.38, and stock is hovering -0.23 or -0.39% distant from $58.38. It is noted that the 200-day MA is $59.19, and Cognizant Technology Solutions stock is $-1.04 or -1.76% off from this point. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) 52-week high is $69.80 and the 52-week low is $51.22. This explains if the stock moves $-11.65, it will post a 52-week high. In event of $+13.53% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Cognizant Technology Solutions , 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, Cognizant Technology Solutions Corporation (NASDAQ:CTSH) ratio came in at 21.15. The stock last ended the trading session at $58.15 and registered a market cap of $35.23B. 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. Cognizant Technology Solutions Corporation (NASDAQ:CTSH) PEG ratio is at 1.24.

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