Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $60.000 on NorthWestern Corporation (NYSE:NWE) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.270 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 NorthWestern Corporation (NYSE:NWE) stands at 19.484.
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 NorthWestern Corporation Common, the PEG ratio for coming 3-5 years is 3.590.
The technical analysis highlights that NorthWestern Corporation Common current is trading $-1.932 points away or -3.248% from its 50-day moving average of $59.467. Further it is trading $-2.217 or -3.710% away its 200-day moving average of $59.752.
The 52-week high of NorthWestern Corporation (NYSE:NWE) was $63.750 while lowest point recorded in 52-week was $48.470. It implies if stock price makes a movement of over $-6.215, it will record a new 52-week high. In the case of +18.702% drop, it will touch a new 52-week low.
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