Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $57.25 on Fleetmatics Group PLC (NYSE:FLTX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.76 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 Fleetmatics Group PLC (NYSE:FLTX) stands at 77.23.
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 Fleetmatics Group PLC Ordinary , the PEG ratio for coming 3-5 years is 1.77.
The technical analysis highlights that Fleetmatics Group PLC Ordinary current is trading $11.60 points away or +24.28% from its 50-day moving average of $47.79. Further it is trading $17.59 or +42.09% away its 200-day moving average of $41.80.
The 52-week high of Fleetmatics Group PLC (NYSE:FLTX) was $62.86 while lowest point recorded in 52-week was $34.41. It implies if stock price makes a movement of over $-3.47, it will record a new 52-week high. In the case of +72.60% drop, it will touch a new 52-week low.
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