Why SpartanNash Company (NASDAQ:SPTN) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $30.00 on SpartanNash Company (NASDAQ:SPTN) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.14 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 SpartanNash Company (NASDAQ:SPTN) stands at 18.98.

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 SpartanNash Company, the PEG ratio for coming 3-5 years is 1.46.

Technical Analysis

The technical analysis highlights that SpartanNash Company current is trading $0.81 points away or +2.65% from its 50-day moving average of $30.49. Further it is trading $3.75 or +13.61% away its 200-day moving average of $27.55.

The 52-week high of SpartanNash Company (NASDAQ:SPTN) was $33.84 while lowest point recorded in 52-week was $17.66. It implies if stock price makes a movement of over $-2.54, it will record a new 52-week high. In the case of +77.24% drop, it will touch a new 52-week low.

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