Stock To Watch: Nordstrom, Inc. (NYSE:JWN)


The leading market experts have placed a mean price target of $41.400 on Nordstrom, Inc. (NYSE:JWN) 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 $0.490 a share for the upcoming quarter and $2.570 for the current fiscal.

Technical View

The technical analysis of Nordstrom, Inc. Common Stock plainly substantiates that the 50-day moving average of Nordstrom, Inc. Common Stock is $40.422, and stock is trading $3.053 points away or +7.553% from its 50-day moving average of $40.422. Further it is trading $-3.255 or -6.966% away its 200-day moving average of $46.730. Nordstrom, Inc. (NYSE:JWN) 52-week high is $79.980 and the 52-week low is $35.010.

This explains if the stock moves $-36.505, it will post a 52-week high. In event of +24.179% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Nordstrom, 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, Nordstrom, Inc. (NYSE:JWN) ratio came in at 15.616.

The stock last ended the trading session at $43.475 and registered a market cap of $7.54B. 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. Nordstrom, Inc. (NYSE:JWN) PEG ratio is at 4.950.

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