Why Carlisle Companies Incorporated (NYSE:CSL) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $116.43 on Carlisle Companies Incorporated (NYSE:CSL) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.79 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 Carlisle Companies Incorporated (NYSE:CSL) stands at 18.76.

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 Carlisle Companies Incorporated, the PEG ratio for coming 3-5 years is 1.14.

Technical Analysis

The technical analysis highlights that Carlisle Companies Incorporated current is trading $-0.57 points away or -0.54% from its 50-day moving average of $105.69. Further it is trading $4.31 or +4.27% away its 200-day moving average of $100.81.

The 52-week high of Carlisle Companies Incorporated (NYSE:CSL) was $109.13 while lowest point recorded in 52-week was $75.17. It implies if stock price makes a movement of over $-4.01, it will record a new 52-week high. In the case of +39.84% drop, it will touch a new 52-week low.

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