Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $26.81 on LPL Financial Holdings Inc. (NASDAQ:LPLA) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.87 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 LPL Financial Holdings Inc. (NASDAQ:LPLA) stands at 16.31.
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 LPL Financial Holdings Inc., the PEG ratio for coming 3-5 years is 1.10.
The technical analysis highlights that LPL Financial Holdings Inc. current is trading $3.32 points away or +12.79% from its 50-day moving average of $25.94. Further it is trading $4.77 or +19.48% away its 200-day moving average of $24.49.
The 52-week high of LPL Financial Holdings Inc. (NASDAQ:LPLA) was $48.00 while lowest point recorded in 52-week was $15.38. It implies if stock price makes a movement of over $-18.74, it will record a new 52-week high. In the case of +90.25% drop, it will touch a new 52-week low.
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