Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $40.00 on Maxim Integrated Products, Inc. (NASDAQ:MXIM) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.97 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 Maxim Integrated Products, Inc. (NASDAQ:MXIM) stands at 51.82.
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 Maxim Integrated Products, Inc., the PEG ratio for coming 3-5 years is 1.54.
The technical analysis highlights that Maxim Integrated Products, Inc. current is trading $3.00 points away or +7.90% from its 50-day moving average of $37.94. Further it is trading $4.94 or +13.73% away its 200-day moving average of $36.00.
The 52-week high of Maxim Integrated Products, Inc. (NASDAQ:MXIM) was $42.37 while lowest point recorded in 52-week was $29.47. It implies if stock price makes a movement of over $-1.43, it will record a new 52-week high. In the case of +38.92% drop, it will touch a new 52-week low.
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