Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $32.50 on PRA Group, Inc. (NASDAQ:PRAA) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.19 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 PRA Group, Inc. (NASDAQ:PRAA) stands at 10.13.
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 PRA Group, Inc., the PEG ratio for coming 3-5 years is 0.57.
The technical analysis highlights that PRA Group, Inc. current is trading $0.74 points away or +2.79% from its 50-day moving average of $26.49. Further it is trading $-0.54 or -1.96% away its 200-day moving average of $27.77.
The 52-week high of PRA Group, Inc. (NASDAQ:PRAA) was $58.34 while lowest point recorded in 52-week was $20.00. It implies if stock price makes a movement of over $-31.11, it will record a new 52-week high. In the case of +36.15% drop, it will touch a new 52-week low.
1 Chart Pattern Every Investor Should Know