Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $67.88 on Cognizant Technology Solutions Corporation (NASDAQ:CTSH) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.38 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 Cognizant Technology Solutions Corporation (NASDAQ:CTSH) stands at 23.04.
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 Cognizant Technology Solutions , the PEG ratio for coming 3-5 years is 1.26.
The technical analysis highlights that Cognizant Technology Solutions current is trading $-0.78 points away or -1.34% from its 50-day moving average of $57.92. Further it is trading $-1.81 or -3.07% away its 200-day moving average of $58.95.
The 52-week high of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) was $69.80 while lowest point recorded in 52-week was $51.22. It implies if stock price makes a movement of over $-12.66, it will record a new 52-week high. In the case of +11.56% drop, it will touch a new 52-week low.
1 Chart Pattern Every Investor Should Know
This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...