Why Haverty Furniture Companies, Inc. (NYSE:HVT) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $23.00 on Haverty Furniture Companies, Inc. (NYSE:HVT) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.22 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 Haverty Furniture Companies, Inc. (NYSE:HVT) stands at 15.19. 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 Haverty Furniture Companies, In, the PEG ratio for coming 3-5 years is -1.01. Technical Analysis The technical analysis highlights that Haverty Furniture Companies, In current price is trading $-0.62 points away -3.39% from $18.26, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $19.45 and, for now, the stock price is trading $-1.81 or -9.30% away from that point. The 52-week high of Haverty Furniture Companies, Inc. (NYSE:HVT) was $24.54 while lowest point recorded in 52-week was $16.65. It implies if stock price makes a movement of over $-6.90, it will record a new 52-week high. In the case of $+5.95% points drop, it will touch a new 52-week low.

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