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


The leading market experts have placed a mean price target of $175.63 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 $4.17 a share for the upcoming quarter and $16.02 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 $192.95, and stock is trading $3.42 points away or +1.78% from its 50-day moving average of $192.95. Further it is trading $8.47 or +4.51% away its 200-day moving average of $187.90. Credit Acceptance Corporation (NASDAQ:CACC) 52-week high is $258.58 and the 52-week low is $159.43.

This explains if the stock moves $-62.21, it will post a 52-week high. In event of +23.17% 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 12.98.

The stock last ended the trading session at $196.37 and registered a market cap of $4.00B. 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 1.90.

1 Chart Pattern Every Investor Should Know

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