Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $77.29 on Arch Capital Group Ltd. (NASDAQ:ACGL) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.30 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 Arch Capital Group Ltd. (NASDAQ:ACGL) stands at 20.50.
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 Arch Capital Group Ltd., the PEG ratio for coming 3-5 years is 2.36.
The technical analysis highlights that Arch Capital Group Ltd. current is trading $5.61 points away or +7.61% from its 50-day moving average of $73.69. Further it is trading $8.15 or +11.46% away its 200-day moving average of $71.15.
The 52-week high of Arch Capital Group Ltd. (NASDAQ:ACGL) was $80.97 while lowest point recorded in 52-week was $59.83. It implies if stock price makes a movement of over $-1.67, it will record a new 52-week high. In the case of +32.54% drop, it will touch a new 52-week low.
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