Why Symantec Corporation (NASDAQ:SYMC) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $23.28 on Symantec Corporation (NASDAQ:SYMC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.12 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 Symantec Corporation (NASDAQ:SYMC) stands at 5.82.

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 Symantec Corporation, the PEG ratio for coming 3-5 years is 1.92.

Technical Analysis

The technical analysis highlights that Symantec Corporation current is trading $1.56 points away or +7.51% from its 50-day moving average of $20.77. Further it is trading $3.41 or +18.02% away its 200-day moving average of $18.92.

The 52-week high of Symantec Corporation (NASDAQ:SYMC) was $22.58 while lowest point recorded in 52-week was $16.14. It implies if stock price makes a movement of over $-0.25, it will record a new 52-week high. In the case of +38.35% drop, it will touch a new 52-week low.

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