Why Pier 1 Imports, Inc. (NYSE:PIR) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $5.41 on Pier 1 Imports, Inc. (NYSE:PIR) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.34 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 Pier 1 Imports, Inc. (NYSE:PIR) stands at 16.17. 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 Pier 1 Imports, Inc. Common Sto, the PEG ratio for coming 3-5 years is -1.36. Technical Analysis The technical analysis highlights that Pier 1 Imports, Inc. Common Sto current price is trading $-0.11 points away -2.19% from $5.22, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $5.57 and, for now, the stock price is trading $-0.46 or -8.26% away from that point. The 52-week high of Pier 1 Imports, Inc. (NYSE:PIR) was $12.12 while lowest point recorded in 52-week was $3.76. It implies if stock price makes a movement of over $-7.01, it will record a new 52-week high. In the case of $+35.90% points drop, it will touch a new 52-week low.

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