Why Dominion Resources, Inc. (NYSE:D) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $80.33 on Dominion Resources, Inc. (NYSE:D) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.78 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

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 Dominion Resources, Inc. (NYSE:D) stands at 23.46.

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 Dominion Resources, Inc. Common, the PEG ratio for coming 3-5 years is 3.37.

Technical Analysis

The technical analysis highlights that Dominion Resources, Inc. Common current is trading $-1.43 points away or -1.87% from its 50-day moving average of $76.68. Further it is trading $1.71 or +2.33% away its 200-day moving average of $73.54.

The 52-week high of Dominion Resources, Inc. (NYSE:D) was $78.97 while lowest point recorded in 52-week was $64.54. It implies if stock price makes a movement of over $-3.72, it will record a new 52-week high. In the case of +16.59% drop, it will touch a new 52-week low.

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