Stock To Watch: Ross Stores, Inc. (NASDAQ:ROST)


The leading market experts have placed a mean price target of $59.98 on Ross Stores, Inc. (NASDAQ:ROST) 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 $0.57 a share for the upcoming quarter and $2.71 for the current fiscal. Technical View The technical analysis of Ross Stores, Inc. plainly substantiates that the 50-day moving average of Ross Stores, Inc. is $54.41, and stock is hovering 0.25 or +0.45% distant from $54.41. It is noted that the 200-day MA is $55.37, and Ross Stores, Inc. stock is $-0.71 or -1.27% off from this point. Ross Stores, Inc. (NASDAQ:ROST) 52-week high is $59.68 and the 52-week low is $43.47. This explains if the stock moves $-5.02, it will post a 52-week high. In event of $+25.74% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Ross Stores, Inc., 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, Ross Stores, Inc. (NASDAQ:ROST) ratio came in at 21.45. The stock last ended the trading session at $54.66 and registered a market cap of $21.84B. 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. Ross Stores, Inc. (NASDAQ:ROST) PEG ratio is at 1.77.

1 Chart Pattern Every Investor Should Know

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