Stock To Watch: Empire District Electric Company (The) (NYSE:EDE)


The leading market experts have placed a mean price target of $34.000 on Empire District Electric Company (The) (NYSE:EDE) 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 $0.000 a share for the upcoming quarter and $1.470 for the current fiscal.

Technical View

The technical analysis of Empire District Electric Compan plainly substantiates that the 50-day moving average of Empire District Electric Compan is $33.764, and stock is trading $0.081 points away or +0.241% from its 50-day moving average of $33.764. Further it is trading $0.584 or +1.756% away its 200-day moving average of $33.261. Empire District Electric Company (The) (NYSE:EDE) 52-week high is $34.040 and the 52-week low is $20.690.

This explains if the stock moves $-0.195, it will post a 52-week high. In event of +63.581% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Empire District Electric Compan, 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, Empire District Electric Company (The) (NYSE:EDE) ratio came in at 25.467.

The stock last ended the trading session at $33.845 and registered a market cap of $1.49B. 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. Empire District Electric Company (The) (NYSE:EDE) PEG ratio is at 4.610.

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