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


The leading market experts have placed a mean price target of $34.00 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 $0.00 a share for the upcoming quarter and $1.47 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 $33.68, and stock is hovering 0.25 or +0.74% distant from $33.68. It is noted that the 200-day MA is $31.99, and Empire District Electric Compan stock is $1.94 or +6.07% off from this point. Empire District Electric Company (The) (NYSE:EDE) 52-week high is $33.98 and the 52-week low is $20.69. This explains if the stock moves $-0.05, it will post a 52-week high. In event of $+63.99% points 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 26.72. The stock last ended the trading session at $33.93 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 4.62.

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