Stock To Watch: Symantec Corporation (NASDAQ:SYMC)


The leading market experts have placed a mean price target of $20.900 on Symantec Corporation (NASDAQ:SYMC) 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 $0.260 a share for the upcoming quarter and $1.080 for the current fiscal. Technical View The technical analysis of Symantec Corporation plainly substantiates that the 50-day moving average of Symantec Corporation is $19.930, and stock is hovering 0.345 or +1.733% distant from $19.930. It is noted that the 200-day MA is $18.783, and Symantec Corporation stock is $1.492 or +7.945% off from this point. Symantec Corporation (NASDAQ:SYMC) 52-week high is $23.250 and the 52-week low is $16.140. This explains if the stock moves $-2.975, it will post a 52-week high. In event of $+25.620% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Symantec Corporation, 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, Symantec Corporation (NASDAQ:SYMC) ratio came in at 5.466. The stock last ended the trading session at $20.275 and registered a market cap of $12.41B. 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. Symantec Corporation (NASDAQ:SYMC) PEG ratio is at 1.820.

1 Chart Pattern Every Investor Should Know

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