Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $74.00 on PAREXEL International Corporation (NASDAQ:PRXL) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.92 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 PAREXEL International Corporation (NASDAQ:PRXL) stands at 23.77.
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 PAREXEL International Corporati, the PEG ratio for coming 3-5 years is 1.06.
The technical analysis highlights that PAREXEL International Corporati current is trading $0.93 points away or +1.37% from its 50-day moving average of $67.77. Further it is trading $5.55 or +8.79% away its 200-day moving average of $63.15.
The 52-week high of PAREXEL International Corporation (NASDAQ:PRXL) was $73.62 while lowest point recorded in 52-week was $56.00. It implies if stock price makes a movement of over $-4.92, it will record a new 52-week high. In the case of +22.68% drop, it will touch a new 52-week low.
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