Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $117.89 on RenaissanceRe Holdings Ltd. (NYSE:RNR) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $7.36 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 RenaissanceRe Holdings Ltd. (NYSE:RNR) stands at 12.28.
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 RenaissanceRe Holdings Ltd. Com, the PEG ratio for coming 3-5 years is 2.11.
The technical analysis highlights that RenaissanceRe Holdings Ltd. Com current is trading $3.27 points away or +2.78% from its 50-day moving average of $117.82. Further it is trading $5.35 or +4.63% away its 200-day moving average of $115.74.
The 52-week high of RenaissanceRe Holdings Ltd. (NYSE:RNR) was $121.96 while lowest point recorded in 52-week was $103.14. It implies if stock price makes a movement of over $-0.87, it will record a new 52-week high. In the case of +17.40% drop, it will touch a new 52-week low.
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