Why Capstead Mortgage Corporation (NYSE:CMO) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $9.42 on Capstead Mortgage Corporation (NYSE:CMO) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.85 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 Capstead Mortgage Corporation (NYSE:CMO) stands at 11.73.

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 Capstead Mortgage Corporation C, the PEG ratio for coming 3-5 years is 1.19.

Technical Analysis

The technical analysis highlights that Capstead Mortgage Corporation C current is trading $0.06 points away or +0.55% from its 50-day moving average of $10.03. Further it is trading $0.30 or +3.09% away its 200-day moving average of $9.79.

The 52-week high of Capstead Mortgage Corporation (NYSE:CMO) was $10.64 while lowest point recorded in 52-week was $7.48. It implies if stock price makes a movement of over $-0.55, it will record a new 52-week high. In the case of +34.89% drop, it will touch a new 52-week low.

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