Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $49.00 on MetLife, Inc. (NYSE:MET) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.95 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 MetLife, Inc. (NYSE:MET) stands at 10.57.
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 MetLife, Inc. Common Stock, the PEG ratio for coming 3-5 years is 0.95.
The technical analysis highlights that MetLife, Inc. Common Stock current is trading $-0.98 points away or -2.38% from its 50-day moving average of $41.19. Further it is trading $-2.33 or -5.48% away its 200-day moving average of $42.54.
The 52-week high of MetLife, Inc. (NYSE:MET) was $54.90 while lowest point recorded in 52-week was $35.00. It implies if stock price makes a movement of over $-14.69, it will record a new 52-week high. In the case of +14.89% drop, it will touch a new 52-week low.
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