Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $233.75 on Panera Bread Company (NASDAQ:PNRA) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $6.69 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 Panera Bread Company (NASDAQ:PNRA) stands at 37.39.
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 Panera Bread Company, the PEG ratio for coming 3-5 years is 2.26.
The technical analysis highlights that Panera Bread Company current is trading $7.39 points away or +3.46% from its 50-day moving average of $213.52. Further it is trading $10.92 or +5.20% away its 200-day moving average of $209.99.
The 52-week high of Panera Bread Company (NASDAQ:PNRA) was $224.15 while lowest point recorded in 52-week was $165.17. It implies if stock price makes a movement of over $-3.24, it will record a new 52-week high. In the case of +33.75% drop, it will touch a new 52-week low.
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