Stock To Watch: The Ultimate Software Group, Inc. (NASDAQ:ULTI)

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The leading market experts have placed a mean price target of $223.10 on The Ultimate Software Group, Inc. (NASDAQ:ULTI) 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 $0.85 a share for the upcoming quarter and $3.30 for the current fiscal. Technical View The technical analysis of The Ultimate Software Group, In plainly substantiates that the 50-day moving average of The Ultimate Software Group, In is $210.29, and stock is hovering 10.37 or +4.93% distant from $210.29. It is noted that the 200-day MA is $189.69, and The Ultimate Software Group, In stock is $30.97 or +16.33% off from this point. The Ultimate Software Group, Inc. (NASDAQ:ULTI) 52-week high is $221.44 and the 52-week low is $148.26. This explains if the stock moves $-0.78, it will post a 52-week high. In event of $+48.83% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of The Ultimate Software Group, In, 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, The Ultimate Software Group, Inc. (NASDAQ:ULTI) ratio came in at 315.68. The stock last ended the trading session at $220.66 and registered a market cap of $6.37B. 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. The Ultimate Software Group, Inc. (NASDAQ:ULTI) PEG ratio is at 2.87.

1 Chart Pattern Every Investor Should Know

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