Stock To Watch: Credit Acceptance Corporation (NASDAQ:CACC)


The leading market experts have placed a mean price target of $177.75 on Credit Acceptance Corporation (NASDAQ:CACC) 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 $4.03 a share for the upcoming quarter and $15.83 for the current fiscal. Technical View The technical analysis of Credit Acceptance Corporation plainly substantiates that the 50-day moving average of Credit Acceptance Corporation is $179.12, and stock is hovering 6.08 or +3.39% distant from $179.12. It is noted that the 200-day MA is $188.14, and Credit Acceptance Corporation stock is $-2.94 or -1.56% off from this point. Credit Acceptance Corporation (NASDAQ:CACC) 52-week high is $259.53 and the 52-week low is $159.43. This explains if the stock moves $-74.33, it will post a 52-week high. In event of $+16.16% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Credit Acceptance Corporation, 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, Credit Acceptance Corporation (NASDAQ:CACC) ratio came in at 12.77. The stock last ended the trading session at $185.20 and registered a market cap of $3.78B. 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. Credit Acceptance Corporation (NASDAQ:CACC) PEG ratio is at 1.62.

1 Chart Pattern Every Investor Should Know

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