Stock To Watch: G&K Services, Inc. (NASDAQ:GK)


The leading market experts have placed a mean price target of $97.50 on G&K Services, Inc. (NASDAQ:GK) 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 $1.01 a share for the upcoming quarter and $3.88 for the current fiscal.

Technical View

The technical analysis of G&K Services, Inc. plainly substantiates that the 50-day moving average of G&K Services, Inc. is $81.59, and stock is trading $15.54 points away or +19.04% from its 50-day moving average of $81.59. Further it is trading $23.19 or +31.37% away its 200-day moving average of $73.94. G&K Services, Inc. (NASDAQ:GK) 52-week high is $97.84 and the 52-week low is $51.94.

This explains if the stock moves $-0.71, it will post a 52-week high. In event of +87.00% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of G&K Services, Inc., 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, G&K Services, Inc. (NASDAQ:GK) ratio came in at 29.26.

The stock last ended the trading session at $97.13 and registered a market cap of $1.92B. 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. G&K Services, Inc. (NASDAQ:GK) PEG ratio is at 2.09.

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