Stock To Watch: Teledyne Technologies Incorporated (NYSE:TDY)


The leading market experts have placed a mean price target of $106.00 on Teledyne Technologies Incorporated (NYSE:TDY) 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 $1.44 a share for the upcoming quarter and $5.16 for the current fiscal.

Technical View

The technical analysis of Teledyne Technologies Incorpora plainly substantiates that the 50-day moving average of Teledyne Technologies Incorpora is $106.00, and stock is trading $3.27 points away or +3.09% from its 50-day moving average of $106.00. Further it is trading $13.35 or +13.92% away its 200-day moving average of $95.92. Teledyne Technologies Incorporated (NYSE:TDY) 52-week high is $109.40 and the 52-week low is $73.66.

This explains if the stock moves $-0.13, it will post a 52-week high. In event of +48.34% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Teledyne Technologies Incorpora, 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, Teledyne Technologies Incorporated (NYSE:TDY) ratio came in at 20.53.

The stock last ended the trading session at $109.27 and registered a market cap of $3.79B. 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. Teledyne Technologies Incorporated (NYSE:TDY) PEG ratio is at 0.73.

1 Chart Pattern Every Investor Should Know

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