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


The leading market experts have placed a mean price target of $34.50 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 $0.59 a share for the upcoming quarter and $1.92 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 $26.64, and stock is trading $-0.61 points away or -2.31% from its 50-day moving average of $26.64. Further it is trading $-1.26 or -4.61% away its 200-day moving average of $27.29. Hanesbrands Inc. (NYSE:HBI) 52-week high is $33.24 and the 52-week low is $23.25.

This explains if the stock moves $-7.21, it will post a 52-week high. In event of +11.96% 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 20.89.

The stock last ended the trading session at $26.03 and registered a market cap of $9.83B. 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 1.10.

1 Chart Pattern Every Investor Should Know

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