Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $191.00 on Amgen Inc. (NASDAQ:AMGN) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $11.37 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 Amgen Inc. (NASDAQ:AMGN) stands at 17.53.
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 Amgen Inc., the PEG ratio for coming 3-5 years is 1.88.
The technical analysis highlights that Amgen Inc. current is trading $0.47 points away or +0.28% from its 50-day moving average of $170.84. Further it is trading $13.55 or +8.59% away its 200-day moving average of $157.76.
The 52-week high of Amgen Inc. (NASDAQ:AMGN) was $176.64 while lowest point recorded in 52-week was $130.09. It implies if stock price makes a movement of over $-5.33, it will record a new 52-week high. In the case of +31.69% drop, it will touch a new 52-week low.
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