Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $112.46 on Adobe Systems Incorporated (NASDAQ:ADBE) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.87 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Adobe Systems Incorporated (NASDAQ:ADBE) stands at 57.86.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Adobe Systems Incorporated, the PEG ratio for coming 3-5 years is 1.24.
The technical analysis highlights that Adobe Systems Incorporated current is trading $3.77 points away or +3.82% from its 50-day moving average of $98.64. Further it is trading $8.45 or +8.99% away its 200-day moving average of $93.96.
The 52-week high of Adobe Systems Incorporated (NASDAQ:ADBE) was $102.49 while lowest point recorded in 52-week was $71.27. It implies if stock price makes a movement of over $-0.08, it will record a new 52-week high. In the case of +43.69% drop, it will touch a new 52-week low.
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