Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $31.52 on Hancock Holding Company (NASDAQ:HBHC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.81 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 Hancock Holding Company (NASDAQ:HBHC) stands at 23.24.
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 Hancock Holding Company, the PEG ratio for coming 3-5 years is 2.18.
The technical analysis highlights that Hancock Holding Company current is trading $2.56 points away or +8.91% from its 50-day moving average of $28.77. Further it is trading $5.52 or +21.40% away its 200-day moving average of $25.81.
The 52-week high of Hancock Holding Company (NASDAQ:HBHC) was $31.65 while lowest point recorded in 52-week was $20.01. It implies if stock price makes a movement of over $-0.32, it will record a new 52-week high. In the case of +56.57% drop, it will touch a new 52-week low.
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