Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $54.81 on Dick's Sporting Goods Inc (NYSE:DKS) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.84 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 Dick's Sporting Goods Inc (NYSE:DKS) stands at 20.91.
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 Dick’s Sporting Goods Inc Commo, the PEG ratio for coming 3-5 years is 1.79.
The technical analysis highlights that Dick’s Sporting Goods Inc Commo current is trading $9.11 points away or +18.35% from its 50-day moving average of $49.63. Further it is trading $13.87 or +30.92% away its 200-day moving average of $44.87.
The 52-week high of Dick's Sporting Goods Inc (NYSE:DKS) was $60.40 while lowest point recorded in 52-week was $33.42. It implies if stock price makes a movement of over $-1.66, it will record a new 52-week high. In the case of +75.76% drop, it will touch a new 52-week low.
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