Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $53.79 on Tallgrass Energy Partners, LP (NYSE:TEP) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.23 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 Tallgrass Energy Partners, LP (NYSE:TEP) stands at 21.71.
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 Tallgrass Energy Partners, LP C, the PEG ratio for coming 3-5 years is 0.82.
The technical analysis highlights that Tallgrass Energy Partners, LP C current is trading $1.50 points away or +3.22% from its 50-day moving average of $46.47. Further it is trading $6.52 or +15.73% away its 200-day moving average of $41.45.
The 52-week high of Tallgrass Energy Partners, LP (NYSE:TEP) was $50.78 while lowest point recorded in 52-week was $25.82. It implies if stock price makes a movement of over $-2.81, it will record a new 52-week high. In the case of +85.79% drop, it will touch a new 52-week low.
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