Why Rowan Companies plc (NYSE:RDC) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $15.910 on Rowan Companies plc (NYSE:RDC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.690 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 Rowan Companies plc (NYSE:RDC) stands at 7.321.

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 Rowan Companies plc Class A Ord, the PEG ratio for coming 3-5 years is -0.080.

Technical Analysis

The technical analysis highlights that Rowan Companies plc Class A Ord current is trading $-2.067 points away or -13.625% from its 50-day moving average of $15.172. Further it is trading $-2.934 or -18.290% away its 200-day moving average of $16.038.

The 52-week high of Rowan Companies plc (NYSE:RDC) was $21.830 while lowest point recorded in 52-week was $10.670. It implies if stock price makes a movement of over $-8.725, it will record a new 52-week high. In the case of +22.821% drop, it will touch a new 52-week low.

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