Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $37.58 on Intel Corporation (NASDAQ:INTC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.50 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 Intel Corporation (NASDAQ:INTC) stands at 17.02.
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 Intel Corporation, the PEG ratio for coming 3-5 years is 2.82.
The technical analysis highlights that Intel Corporation current is trading $0.31 points away or +0.89% from its 50-day moving average of $34.78. Further it is trading $3.06 or +9.54% away its 200-day moving average of $32.03.
The 52-week high of Intel Corporation (NASDAQ:INTC) was $35.93 while lowest point recorded in 52-week was $27.01. It implies if stock price makes a movement of over $-0.84, it will record a new 52-week high. In the case of +29.91% drop, it will touch a new 52-week low.
1 Chart Pattern Every Investor Should Know