Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $6.67 on Kellogg Company (NYSE:K) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.64 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 Kellogg Company (NYSE:K) stands at 46.00.
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 Kellogg Company Common Stock, the PEG ratio for coming 3-5 years is -1.35.
The technical analysis highlights that Kellogg Company Common Stock current is trading $-2.12 points away or -2.57% from its 50-day moving average of $82.52. Further it is trading $2.10 or +2.68% away its 200-day moving average of $78.30.
The 52-week high of Kellogg Company (NYSE:K) was $87.16 while lowest point recorded in 52-week was $64.65. It implies if stock price makes a movement of over $-6.76, it will record a new 52-week high. In the case of +24.36% drop, it will touch a new 52-week low.
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