Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $89.70 on Citrix Systems, Inc. (NASDAQ:CTXS) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.06 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 Citrix Systems, Inc. (NASDAQ:CTXS) stands at 35.53.
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 Citrix Systems, Inc., the PEG ratio for coming 3-5 years is 1.16.
The technical analysis highlights that Citrix Systems, Inc. current is trading $2.09 points away or +2.42% from its 50-day moving average of $86.10. Further it is trading $7.37 or +9.11% away its 200-day moving average of $80.82.
The 52-week high of Citrix Systems, Inc. (NASDAQ:CTXS) was $90.00 while lowest point recorded in 52-week was $60.91. It implies if stock price makes a movement of over $-1.81, it will record a new 52-week high. In the case of +44.79% drop, it will touch a new 52-week low.
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