The leading market experts have placed a mean price target of $55.50 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 $1.21 a share for the upcoming quarter and $3.70 for the current fiscal.
The technical analysis of Meredith Corporation Common Sto plainly substantiates that the 50-day moving average of Meredith Corporation Common Sto is $54.20, and stock is trading $0.53 points away or +0.99% from its 50-day moving average of $54.20. Further it is trading $5.81 or +11.87% away its 200-day moving average of $48.92. Meredith Corporation (NYSE:MDP) 52-week high is $57.53 and the 52-week low is $35.03.
This explains if the stock moves $-2.80, it will post a 52-week high. In event of +56.24% 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 72.97.
The stock last ended the trading session at $54.73 and registered a market cap of $2.44B. 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 2.93.
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