The leading market experts have placed a mean price target of $18.00 on Media General, Inc. (NYSE:MEG) 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 $0.57 a share for the upcoming quarter and $0.82 for the current fiscal.
The technical analysis of Media General, Inc. Common Stoc plainly substantiates that the 50-day moving average of Media General, Inc. Common Stoc is $17.60, and stock is trading $0.19 points away or +1.05% from its 50-day moving average of $17.60. Further it is trading $0.71 or +4.15% away its 200-day moving average of $17.08. Media General, Inc. (NYSE:MEG) 52-week high is $18.18 and the 52-week low is $9.74.
This explains if the stock moves $-0.39, it will post a 52-week high. In event of +82.65% decline, a 52-week low will be hit.
Taking the valuation aspect to emphasize the valuation of Media General, Inc. Common Stoc, 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, Media General, Inc. (NYSE:MEG) ratio came in at N/A.
The stock last ended the trading session at $17.79 and registered a market cap of $2.30B. 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. Media General, Inc. (NYSE:MEG) PEG ratio is at 10.86.
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