Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $53.73 on Big Lots, Inc. (NYSE:BIG) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.47 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 Big Lots, Inc. (NYSE:BIG) stands at 18.12.
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 Big Lots, Inc. Common Stock, the PEG ratio for coming 3-5 years is 1.24.
The technical analysis highlights that Big Lots, Inc. Common Stock current is trading $1.86 points away or +3.54% from its 50-day moving average of $52.64. Further it is trading $7.62 or +16.26% away its 200-day moving average of $46.88.
The 52-week high of Big Lots, Inc. (NYSE:BIG) was $56.30 while lowest point recorded in 52-week was $33.78. It implies if stock price makes a movement of over $-1.80, it will record a new 52-week high. In the case of +61.34% drop, it will touch a new 52-week low.
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