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 $236.14 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 $1.03 a share for the upcoming quarter and $3.29 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 $212.26, and stock is trading $0.03 points away or +0.01% from its 50-day moving average of $212.26. Further it is trading $13.31 or +6.69% away its 200-day moving average of $198.98. The Ultimate Software Group, Inc. (NASDAQ:ULTI) 52-week high is $224.07 and the 52-week low is $148.26.

This explains if the stock moves $-11.78, it will post a 52-week high. In event of +43.19% 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 332.22.

The stock last ended the trading session at $212.29 and registered a market cap of $6.14B. 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 2.77.

1 Chart Pattern Every Investor Should Know

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