Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $63.50 on Six Flags Entertainment Corporation New (NYSE:SIX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.91 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 Six Flags Entertainment Corporation New (NYSE:SIX) stands at 28.55.
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 Six Flags Entertainment Corpora, the PEG ratio for coming 3-5 years is 3.37.
The technical analysis highlights that Six Flags Entertainment Corpora current is trading $-5.94 points away or -10.53% from its 50-day moving average of $56.41. Further it is trading $-5.34 or -9.58% away its 200-day moving average of $55.81.
The 52-week high of Six Flags Entertainment Corporation New (NYSE:SIX) was $62.69 while lowest point recorded in 52-week was $41.60. It implies if stock price makes a movement of over $-12.22, it will record a new 52-week high. In the case of +21.32% drop, it will touch a new 52-week low.
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