Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $83.55 on Check Point Software Technologies Ltd. (NASDAQ:CHKP) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.47 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 Check Point Software Technologies Ltd. (NASDAQ:CHKP) stands at 19.69.
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 Check Point Software Technologi, the PEG ratio for coming 3-5 years is 1.67.
The technical analysis highlights that Check Point Software Technologi current is trading $-1.43 points away or -1.83% from its 50-day moving average of $78.14. Further it is trading $-5.15 or -6.29% away its 200-day moving average of $81.86.
The 52-week high of Check Point Software Technologies Ltd. (NASDAQ:CHKP) was $89.98 while lowest point recorded in 52-week was $71.64. It implies if stock price makes a movement of over $-13.27, it will record a new 52-week high. In the case of +7.08% drop, it will touch a new 52-week low.
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