Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $10.25 on Roadrunner Transportation Systems, Inc (NYSE:RRTS) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.62 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 Roadrunner Transportation Systems, Inc (NYSE:RRTS) stands at 13.67.
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 Roadrunner Transportation Syste, the PEG ratio for coming 3-5 years is 0.87.
The technical analysis highlights that Roadrunner Transportation Syste current is trading $0.08 points away or +1.02% from its 50-day moving average of $8.08. Further it is trading $-1.56 or -16.07% away its 200-day moving average of $9.72.
The 52-week high of Roadrunner Transportation Systems, Inc (NYSE:RRTS) was $22.05 while lowest point recorded in 52-week was $6.39. It implies if stock price makes a movement of over $-13.89, it will record a new 52-week high. In the case of +27.70% drop, it will touch a new 52-week low.
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