Why Luxottica Group, S.p.A. (NYSE:LUX) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $41.00 on Luxottica Group, S.p.A. (NYSE:LUX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.88 for the next fiscal and $N/A for underway quarter. Valuation Estimates 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 Luxottica Group, S.p.A. (NYSE:LUX) stands at 26.37. 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 Luxottica Group, S.p.A. Common , the PEG ratio for coming 3-5 years is 3.90. Technical Analysis The technical analysis highlights that Luxottica Group, S.p.A. Common current price is trading $-1.79 points away -3.56% from $50.29, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $54.98 and, for now, the stock price is trading $-6.48 or -11.79% away from that point. The 52-week high of Luxottica Group, S.p.A. (NYSE:LUX) was $74.00 while lowest point recorded in 52-week was $46.67. It implies if stock price makes a movement of over $-25.50, it will record a new 52-week high. In the case of $+3.92% points drop, it will touch a new 52-week low.

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