Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $40.00 on Ormat Technologies, Inc. (NYSE:ORA) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.90 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 Ormat Technologies, Inc. (NYSE:ORA) stands at 16.31. 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 Ormat Technologies, Inc. Common, the PEG ratio for coming 3-5 years is 1.57. Technical Analysis The technical analysis highlights that Ormat Technologies, Inc. Common current price is trading $1.82 points away +4.15% from $43.82, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $40.86 and, for now, the stock price is trading $4.78 or +11.70% away from that point. The 52-week high of Ormat Technologies, Inc. (NYSE:ORA) was $46.13 while lowest point recorded in 52-week was $32.25. It implies if stock price makes a movement of over $-0.49, it will record a new 52-week high. In the case of $+41.52% points drop, it will touch a new 52-week low.
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