Stock To Watch: SpartanNash Company (NASDAQ:SPTN)


The leading market experts have placed a mean price target of $32.75 on SpartanNash Company (NASDAQ:SPTN) 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 $0.49 a share for the upcoming quarter and $2.15 for the current fiscal.

Technical View

The technical analysis of SpartanNash Company plainly substantiates that the 50-day moving average of SpartanNash Company is $31.39, and stock is trading $1.47 points away or +4.69% from its 50-day moving average of $31.39. Further it is trading $3.85 or +13.29% away its 200-day moving average of $29.01. SpartanNash Company (NASDAQ:SPTN) 52-week high is $33.89 and the 52-week low is $17.66.

This explains if the stock moves $-1.03, it will post a 52-week high. In event of +86.07% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of SpartanNash Company, 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, SpartanNash Company (NASDAQ:SPTN) ratio came in at 20.84.

The stock last ended the trading session at $32.86 and registered a market cap of $1.23B. 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. SpartanNash Company (NASDAQ:SPTN) PEG ratio is at 1.49.

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