Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $20.67 on American Equity Investment Life Holding Company (NYSE:AEL) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.05 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 American Equity Investment Life Holding Company (NYSE:AEL) stands at 14.65.
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 American Equity Investment Life, the PEG ratio for coming 3-5 years is 0.88.
The technical analysis highlights that American Equity Investment Life current is trading $1.58 points away or +9.63% from its 50-day moving average of $16.42. Further it is trading $2.59 or +16.83% away its 200-day moving average of $15.41.
The 52-week high of American Equity Investment Life Holding Company (NYSE:AEL) was $28.30 while lowest point recorded in 52-week was $12.65. It implies if stock price makes a movement of over $-10.30, it will record a new 52-week high. In the case of +42.29% drop, it will touch a new 52-week low.
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