Stock To Watch: Dolby Laboratories (NYSE:DLB)


The leading market experts have placed a mean price target of $49.50 on Dolby Laboratories (NYSE:DLB) 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 $0.40 a share for the upcoming quarter and $1.79 for the current fiscal.

Technical View

The technical analysis of Dolby Laboratories Common Stock plainly substantiates that the 50-day moving average of Dolby Laboratories Common Stock is $48.96, and stock is trading $0.17 points away or +0.36% from its 50-day moving average of $48.96. Further it is trading $4.65 or +10.45% away its 200-day moving average of $44.48. Dolby Laboratories (NYSE:DLB) 52-week high is $51.44 and the 52-week low is $29.87.

This explains if the stock moves $-2.31, it will post a 52-week high. In event of +64.48% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Dolby Laboratories Common Stock, 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, Dolby Laboratories (NYSE:DLB) ratio came in at 23.97.

The stock last ended the trading session at $49.13 and registered a market cap of $5.04B. 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. Dolby Laboratories (NYSE:DLB) PEG ratio is at 2.78.

1 Chart Pattern Every Investor Should Know

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