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


The leading market experts have placed a mean price target of $9.18 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 $0.06 a share for the upcoming quarter and $0.97 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 $11.06, and stock is trading $-1.03 points away or -9.28% from its 50-day moving average of $11.06. Further it is trading $-0.34 or -3.25% away its 200-day moving average of $10.37. Transocean Ltd. (NYSE:RIG) 52-week high is $17.19 and the 52-week low is $7.67.

This explains if the stock moves $-7.16, it will post a 52-week high. In event of +30.77% 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 2.93.

The stock last ended the trading session at $10.03 and registered a market cap of $3.66B. 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 -0.13.

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