Why CA Inc. (NASDAQ:CA) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $33.00 on CA Inc. (NASDAQ:CA) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.52 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

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 CA Inc. (NASDAQ:CA) stands at 19.03.

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 CA Inc., the PEG ratio for coming 3-5 years is 16.78.

Technical Analysis

The technical analysis highlights that CA Inc. current is trading $0.17 points away or +0.49% from its 50-day moving average of $34.08. Further it is trading $2.64 or +8.35% away its 200-day moving average of $31.61.

The 52-week high of CA Inc. (NASDAQ:CA) was $34.99 while lowest point recorded in 52-week was $25.18. It implies if stock price makes a movement of over $-0.74, it will record a new 52-week high. In the case of +36.02% drop, it will touch a new 52-week low.

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