Stock To Watch: Piedmont Natural Gas Company, Inc. (NYSE:PNY)

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The leading market experts have placed a mean price target of $60.00 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 $-0.05 a share for the upcoming quarter and $1.94 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 $59.83, and stock is hovering -0.06 or -0.10% distant from $59.83. It is noted that the 200-day MA is $59.66, and Piedmont Natural Gas Company, I stock is $0.11 or +0.18% off from this point. Piedmont Natural Gas Company, Inc. (NYSE:PNY) 52-week high is $60.35 and the 52-week low is $36.11. This explains if the stock moves $-0.58, it will post a 52-week high. In event of $+65.52% 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 34.71. The stock last ended the trading session at $59.77 and registered a market cap of $4.85B. 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 7.71.

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