Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $32.80 on LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.00 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 LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) stands at 18.04.
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 LegacyTexas Financial Group, In, the PEG ratio for coming 3-5 years is 1.26.
The technical analysis highlights that LegacyTexas Financial Group, In current is trading $1.39 points away or +4.71% from its 50-day moving average of $29.45. Further it is trading $6.22 or +25.24% away its 200-day moving average of $24.62.
The 52-week high of LegacyTexas Financial Group, Inc. (NASDAQ:LTXB) was $32.50 while lowest point recorded in 52-week was $16.79. It implies if stock price makes a movement of over $-1.66, it will record a new 52-week high. In the case of +83.68% drop, it will touch a new 52-week low.
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