Stock To Watch: Hanesbrands Inc. (NYSE:HBI)


The leading market experts have placed a mean price target of $36.00 on Hanesbrands Inc. (NYSE:HBI) 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 $0.61 a share for the upcoming quarter and $1.93 for the current fiscal. Technical View The technical analysis of Hanesbrands Inc. Common Stock plainly substantiates that the 50-day moving average of Hanesbrands Inc. Common Stock is $26.36, and stock is hovering 0.57 or +2.17% distant from $26.36. It is noted that the 200-day MA is $27.73, and Hanesbrands Inc. Common Stock stock is $-0.80 or -2.88% off from this point. Hanesbrands Inc. (NYSE:HBI) 52-week high is $34.16 and the 52-week low is $23.25. This explains if the stock moves $-7.23, it will post a 52-week high. In event of $+15.83% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Hanesbrands 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, Hanesbrands Inc. (NYSE:HBI) ratio came in at 23.52. The stock last ended the trading session at $26.93 and registered a market cap of $10.17B. 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. Hanesbrands Inc. (NYSE:HBI) PEG ratio is at 1.27.

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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