Why Manning & Napier, Inc. (NYSE:MN) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $8.25 on Manning & Napier, Inc. (NYSE:MN) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.76 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 Manning & Napier, Inc. (NYSE:MN) stands at 10.74. 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 Manning & Napier, Inc. Class A , the PEG ratio for coming 3-5 years is -33.68. Technical Analysis The technical analysis highlights that Manning & Napier, Inc. Class A current price is trading $-0.19 points away -2.13% from $9.00, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $8.09 and, for now, the stock price is trading $0.72 or +8.89% away from that point. The 52-week high of Manning & Napier, Inc. (NYSE:MN) was $11.40 while lowest point recorded in 52-week was $5.60. It implies if stock price makes a movement of over $-2.59, it will record a new 52-week high. In the case of $+57.32% points drop, it will touch a new 52-week low.

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