Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $94.3800 on ANSYS, Inc. (NASDAQ:ANSS) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.6300 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 ANSYS, Inc. (NASDAQ:ANSS) stands at 33.4754.
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 ANSYS, Inc., the PEG ratio for coming 3-5 years is 2.6600.
The technical analysis highlights that ANSYS, Inc. current is trading $5.6405 points away or +6.2119% from its 50-day moving average of $90.8020. Further it is trading $8.1654 or +9.2497% away its 200-day moving average of $88.2771.
The 52-week high of ANSYS, Inc. (NASDAQ:ANSS) was $98.3900 while lowest point recorded in 52-week was $80.5100. It implies if stock price makes a movement of over $-1.9475, it will record a new 52-week high. In the case of +19.7895% drop, it will touch a new 52-week low.
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