Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $173.88 on Henry Schein, Inc. (NASDAQ:HSIC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $6.57 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 Henry Schein, Inc. (NASDAQ:HSIC) stands at 28.03.
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 Henry Schein, Inc., the PEG ratio for coming 3-5 years is 2.26.
The technical analysis highlights that Henry Schein, Inc. current is trading $-10.60 points away or -6.02% from its 50-day moving average of $176.06. Further it is trading $-4.65 or -2.73% away its 200-day moving average of $170.11.
The 52-week high of Henry Schein, Inc. (NASDAQ:HSIC) was $183.00 while lowest point recorded in 52-week was $126.17. It implies if stock price makes a movement of over $-17.54, it will record a new 52-week high. In the case of +31.14% drop, it will touch a new 52-week low.
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