Stock To Watch: Haverty Furniture Companies, Inc. (NYSE:HVT)


The leading market experts have placed a mean price target of $23.000 on Haverty Furniture Companies, Inc. (NYSE:HVT) 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 $0.450 a share for the upcoming quarter and $1.280 for the current fiscal.

Technical View

The technical analysis of Haverty Furniture Companies, In plainly substantiates that the 50-day moving average of Haverty Furniture Companies, In is $19.634, and stock is trading $-0.119 points away or -0.608% from its 50-day moving average of $19.634. Further it is trading $0.328 or +1.710% away its 200-day moving average of $19.187. Haverty Furniture Companies, Inc. (NYSE:HVT) 52-week high is $24.540 and the 52-week low is $16.650.

This explains if the stock moves $-5.025, it will post a 52-week high. In event of +17.207% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Haverty Furniture Companies, In, 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, Haverty Furniture Companies, Inc. (NYSE:HVT) ratio came in at 16.344.

The stock last ended the trading session at $19.515 and registered a market cap of $411.84M. 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. Haverty Furniture Companies, Inc. (NYSE:HVT) PEG ratio is at -1.050.

1 Chart Pattern Every Investor Should Know

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