Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $45.05 on ScanSource, Inc. (NASDAQ:SCSC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.89 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 ScanSource, Inc. (NASDAQ:SCSC) stands at 15.05.
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 ScanSource, Inc., the PEG ratio for coming 3-5 years is 1.30.
The technical analysis highlights that ScanSource, Inc. current is trading $-4.89 points away or -12.01% from its 50-day moving average of $40.71. Further it is trading $-3.65 or -9.24% away its 200-day moving average of $39.47.
The 52-week high of ScanSource, Inc. (NASDAQ:SCSC) was $43.49 while lowest point recorded in 52-week was $27.46. It implies if stock price makes a movement of over $-7.67, it will record a new 52-week high. In the case of +30.44% drop, it will touch a new 52-week low.
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