Stock To Watch: Core Laboratories N.V. (NYSE:CLB)


The leading market experts have placed a mean price target of $125.13 on Core Laboratories N.V. (NYSE:CLB) 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 $0.43 a share for the upcoming quarter and $1.57 for the current fiscal.

Technical View

The technical analysis of Core Laboratories N.V. Common S plainly substantiates that the 50-day moving average of Core Laboratories N.V. Common S is $115.77, and stock is trading $-5.09 points away or -4.40% from its 50-day moving average of $115.77. Further it is trading $-7.11 or -6.04% away its 200-day moving average of $117.79. Core Laboratories N.V. (NYSE:CLB) 52-week high is $135.49 and the 52-week low is $84.50.

This explains if the stock moves $-24.81, it will post a 52-week high. In event of +30.98% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Core Laboratories N.V. Common S, 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, Core Laboratories N.V. (NYSE:CLB) ratio came in at 58.72.

The stock last ended the trading session at $110.68 and registered a market cap of $4.88B. 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. Core Laboratories N.V. (NYSE:CLB) PEG ratio is at 6.77.

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