Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $154.25 on Illumina, Inc. (NASDAQ:ILMN) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.53 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 Illumina, Inc. (NASDAQ:ILMN) stands at 59.54.
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 Illumina, Inc., the PEG ratio for coming 3-5 years is 3.08.
The technical analysis highlights that Illumina, Inc. current is trading $15.23 points away or +9.60% from its 50-day moving average of $158.62. Further it is trading $23.00 or +15.25% away its 200-day moving average of $150.85.
The 52-week high of Illumina, Inc. (NASDAQ:ILMN) was $213.27 while lowest point recorded in 52-week was $127.10. It implies if stock price makes a movement of over $-39.42, it will record a new 52-week high. In the case of +36.78% drop, it will touch a new 52-week low.
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