Stock To Watch: Transocean Ltd. (NYSE:RIG)


The leading market experts have placed a mean price target of $8.94 on Transocean Ltd. (NYSE:RIG) 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 $-0.01 a share for the upcoming quarter and $0.62 for the current fiscal. Technical View The technical analysis of Transocean Ltd (Switzerland) Co plainly substantiates that the 50-day moving average of Transocean Ltd (Switzerland) Co is $11.09, and stock is hovering 1.33 or +11.96% distant from $11.09. It is noted that the 200-day MA is $10.27, and Transocean Ltd (Switzerland) Co stock is $2.15 or +20.97% off from this point. Transocean Ltd. (NYSE:RIG) 52-week high is $17.19 and the 52-week low is $7.67. This explains if the stock moves $-4.77, it will post a 52-week high. In event of $+61.93% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Transocean Ltd (Switzerland) Co, 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, Transocean Ltd. (NYSE:RIG) ratio came in at 2.98. The stock last ended the trading session at $12.42 and registered a market cap of $4.54B. 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. Transocean Ltd. (NYSE:RIG) PEG ratio is at -0.26.

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