Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $92.75 on Smith (A.O.) Corporation (NYSE:AOS) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.63 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 Smith (A.O.) Corporation (NYSE:AOS) stands at 26.68.
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 A.O. Smith Corporation Common S, the PEG ratio for coming 3-5 years is 2.25.
The technical analysis highlights that A.O. Smith Corporation Common S current is trading $2.42 points away or +2.63% from its 50-day moving average of $91.79. Further it is trading $13.48 or +16.70% away its 200-day moving average of $80.73.
The 52-week high of Smith (A.O.) Corporation (NYSE:AOS) was $95.04 while lowest point recorded in 52-week was $50.09. It implies if stock price makes a movement of over $-0.83, it will record a new 52-week high. In the case of +88.08% drop, it will touch a new 52-week low.
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