Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $48.09 on Armstrong World Industries Inc (NYSE:AWI) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.23 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 Armstrong World Industries Inc (NYSE:AWI) stands at 99.11.
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 Armstrong World Industries Inc , the PEG ratio for coming 3-5 years is 3.49.
The technical analysis highlights that Armstrong World Industries Inc current is trading $4.23 points away or +10.50% from its 50-day moving average of $40.27. Further it is trading $3.57 or +8.73% away its 200-day moving average of $40.93.
The 52-week high of Armstrong World Industries Inc (NYSE:AWI) was $60.70 while lowest point recorded in 52-week was $35.92. It implies if stock price makes a movement of over $-16.20, it will record a new 52-week high. In the case of +23.89% drop, it will touch a new 52-week low.
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