Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $21.67 on Kate Spade & Company (NYSE:KATE) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.65 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 Kate Spade & Company (NYSE:KATE) stands at 23.83.
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 Kate Spade & Company Common Sto, the PEG ratio for coming 3-5 years is 1.07.
The technical analysis highlights that Kate Spade & Company Common Sto current is trading $-0.84 points away or -4.20% from its 50-day moving average of $19.88. Further it is trading $-2.61 or -12.06% away its 200-day moving average of $21.65.
The 52-week high of Kate Spade & Company (NYSE:KATE) was $26.46 while lowest point recorded in 52-week was $15.10. It implies if stock price makes a movement of over $-7.42, it will record a new 52-week high. In the case of +26.09% drop, it will touch a new 52-week low.
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