Stock To Watch: Plantronics, Inc. (NYSE:PLT)


The leading market experts have placed a mean price target of $51.67 on Plantronics, Inc. (NYSE:PLT) 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 $0.86 a share for the upcoming quarter and $3.19 for the current fiscal.

Technical View

The technical analysis of Plantronics, Inc. Common Stock plainly substantiates that the 50-day moving average of Plantronics, Inc. Common Stock is $49.10, and stock is trading $1.44 points away or +2.93% from its 50-day moving average of $49.10. Further it is trading $7.77 or +18.16% away its 200-day moving average of $42.77. Plantronics, Inc. (NYSE:PLT) 52-week high is $55.09 and the 52-week low is $32.13.

This explains if the stock moves $-4.55, it will post a 52-week high. In event of +57.30% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Plantronics, 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, Plantronics, Inc. (NYSE:PLT) ratio came in at 25.04.

The stock last ended the trading session at $50.54 and registered a market cap of $1.63B. 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. Plantronics, Inc. (NYSE:PLT) PEG ratio is at 1.04.

1 Chart Pattern Every Investor Should Know

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