Stock To Watch: Genesco Inc. (NYSE:GCO)


The leading market experts have placed a mean price target of $70.56 on Genesco Inc. (NYSE:GCO) 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 $1.49 a share for the upcoming quarter and $4.92 for the current fiscal. Technical View The technical analysis of Genesco Inc. Common Stock plainly substantiates that the 50-day moving average of Genesco Inc. Common Stock is $65.46, and stock is hovering 1.21 or +1.84% distant from $65.46. It is noted that the 200-day MA is $65.48, and Genesco Inc. Common Stock stock is $1.19 or +1.82% off from this point. Genesco Inc. (NYSE:GCO) 52-week high is $72.63 and the 52-week low is $50.64. This explains if the stock moves $-5.96, it will post a 52-week high. In event of $+31.65% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Genesco Inc. 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, Genesco Inc. (NYSE:GCO) ratio came in at 15.64. The stock last ended the trading session at $66.67 and registered a market cap of $1.38B. 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. Genesco Inc. (NYSE:GCO) PEG ratio is at 1.36.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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