Stock To Watch: Meredith Corporation (NYSE:MDP)


The leading market experts have placed a mean price target of $50.75 on Meredith Corporation (NYSE:MDP) 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 $0.75 a share for the upcoming quarter and $3.27 for the current fiscal. Technical View The technical analysis of Meredith Corporation Common Sto plainly substantiates that the 50-day moving average of Meredith Corporation Common Sto is $50.45, and stock is hovering 1.87 or +3.70% distant from $50.45. It is noted that the 200-day MA is $45.98, and Meredith Corporation Common Sto stock is $6.34 or +13.78% off from this point. Meredith Corporation (NYSE:MDP) 52-week high is $52.83 and the 52-week low is $35.03. This explains if the stock moves $-0.51, it will post a 52-week high. In event of $+49.36% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Meredith Corporation Common Sto, 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, Meredith Corporation (NYSE:MDP) ratio came in at 14.22. The stock last ended the trading session at $52.32 and registered a market cap of $2.33B. 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. Meredith Corporation (NYSE:MDP) PEG ratio is at 3.19.

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...

Click Here to See This Now.

(Visited 7 times, 1 visits today)