Why Mentor Graphics Corporation (NASDAQ:MENT) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $24.00 on Mentor Graphics Corporation (NASDAQ:MENT) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.68 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 Mentor Graphics Corporation (NASDAQ:MENT) stands at 41.36.

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 Mentor Graphics Corporation, the PEG ratio for coming 3-5 years is 1.43.

Technical Analysis

The technical analysis highlights that Mentor Graphics Corporation current is trading $1.73 points away or +7.84% from its 50-day moving average of $22.05. Further it is trading $3.02 or +14.56% away its 200-day moving average of $20.76.

The 52-week high of Mentor Graphics Corporation (NASDAQ:MENT) was $28.09 while lowest point recorded in 52-week was $16.10. It implies if stock price makes a movement of over $-4.31, it will record a new 52-week high. In the case of +47.70% drop, it will touch a new 52-week low.

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