Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $76.90 on Mednax, Inc (NYSE:MD) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.17 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 Mednax, Inc (NYSE:MD) stands at 18.03.
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 Mednax, Inc. Common Stock, the PEG ratio for coming 3-5 years is 1.06.
The technical analysis highlights that Mednax, Inc. Common Stock current is trading $-7.33 points away or -10.19% from its 50-day moving average of $71.94. Further it is trading $-3.86 or -5.63% away its 200-day moving average of $68.47.
The 52-week high of Mednax, Inc (NYSE:MD) was $86.09 while lowest point recorded in 52-week was $61.40. It implies if stock price makes a movement of over $-21.48, it will record a new 52-week high. In the case of +5.23% drop, it will touch a new 52-week low.
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