The leading market experts have placed a mean price target of $60.000 on Piedmont Natural Gas Company, Inc. (NYSE:PNY) 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 $-0.070 a share for the upcoming quarter and $1.930 for the current fiscal. Technical View The technical analysis of Piedmont Natural Gas Company, I plainly substantiates that the 50-day moving average of Piedmont Natural Gas Company, I is $60.000, and stock is hovering -0.405 or -0.675% distant from $60.000. It is noted that the 200-day MA is $59.146, and Piedmont Natural Gas Company, I stock is $0.450 or +0.760% off from this point. Piedmont Natural Gas Company, Inc. (NYSE:PNY) 52-week high is $60.350 and the 52-week low is $35.090. This explains if the stock moves $-0.755, it will post a 52-week high. In event of $+69.835% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Piedmont Natural Gas Company, I, 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, Piedmont Natural Gas Company, Inc. (NYSE:PNY) ratio came in at 34.608. The stock last ended the trading session at $59.595 and registered a market cap of $4.84B. 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. Piedmont Natural Gas Company, Inc. (NYSE:PNY) PEG ratio is at 7.770.
1 Chart Pattern Every Investor Should Know