Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $34.50 on Hanesbrands Inc. (NYSE:HBI) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.92 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 Hanesbrands Inc. (NYSE:HBI) stands at 21.87.
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 Hanesbrands Inc. Common Stock, the PEG ratio for coming 3-5 years is 1.11.
The technical analysis highlights that Hanesbrands Inc. Common Stock current is trading $1.15 points away or +4.41% from its 50-day moving average of $26.10. Further it is trading $-0.14 or -0.52% away its 200-day moving average of $27.39.
The 52-week high of Hanesbrands Inc. (NYSE:HBI) was $33.24 while lowest point recorded in 52-week was $23.25. It implies if stock price makes a movement of over $-5.99, it will record a new 52-week high. In the case of +17.20% drop, it will touch a new 52-week low.
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