Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $27.15 on Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.88 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 Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) stands at 16.45.
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 Taiwan Semiconductor Manufactur, the PEG ratio for coming 3-5 years is 1.03.
The technical analysis highlights that Taiwan Semiconductor Manufactur current is trading $0.74 points away or +2.66% from its 50-day moving average of $27.89. Further it is trading $3.15 or +12.37% away its 200-day moving average of $25.48.
The 52-week high of Taiwan Semiconductor Manufacturing Company Ltd. (NYSE:TSM) was $29.45 while lowest point recorded in 52-week was $17.32. It implies if stock price makes a movement of over $-0.82, it will record a new 52-week high. In the case of +65.30% drop, it will touch a new 52-week low.
1 Chart Pattern Every Investor Should Know
This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...