Why Portland General Electric Company (NYSE:POR) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $42.88 on Portland General Electric Company (NYSE:POR) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.12 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 Portland General Electric Company (NYSE:POR) stands at 20.14.

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 Portland General Electric Co Co, the PEG ratio for coming 3-5 years is 3.19.

Technical Analysis

The technical analysis highlights that Portland General Electric Co Co current is trading $-1.60 points away or -3.68% from its 50-day moving average of $43.39. Further it is trading $0.69 or +1.67% away its 200-day moving average of $41.10.

The 52-week high of Portland General Electric Company (NYSE:POR) was $45.21 while lowest point recorded in 52-week was $33.33. It implies if stock price makes a movement of over $-3.42, it will record a new 52-week high. In the case of +25.38% drop, it will touch a new 52-week low.

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