Why Empire District Electric Company (The) (NYSE:EDE) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $34.00 on Empire District Electric Company (The) (NYSE:EDE) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.47 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 Empire District Electric Company (The) (NYSE:EDE) stands at 25.53.

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 Empire District Electric Compan, the PEG ratio for coming 3-5 years is 4.60.

Technical Analysis

The technical analysis highlights that Empire District Electric Compan current is trading $0.15 points away or +0.45% from its 50-day moving average of $33.78. Further it is trading $0.36 or +1.08% away its 200-day moving average of $33.57.

The 52-week high of Empire District Electric Company (The) (NYSE:EDE) was $34.10 while lowest point recorded in 52-week was $20.96. It implies if stock price makes a movement of over $-0.17, it will record a new 52-week high. In the case of +61.88% drop, it will touch a new 52-week low.

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