Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $16.38 on Central Valley Community Bancorp (NASDAQ:CVCY) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.32 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 Central Valley Community Bancorp (NASDAQ:CVCY) stands at 11.37.
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 Central Valley Community Bancor, the PEG ratio for coming 3-5 years is 1.49.
The technical analysis highlights that Central Valley Community Bancor current is trading $0.31 points away or +2.07% from its 50-day moving average of $15.14. Further it is trading $2.17 or +16.34% away its 200-day moving average of $13.28.
The 52-week high of Central Valley Community Bancorp (NASDAQ:CVCY) was $16.31 while lowest point recorded in 52-week was $9.45. It implies if stock price makes a movement of over $-0.86, it will record a new 52-week high. In the case of +63.49% drop, it will touch a new 52-week low.
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