Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $106.00 on Teledyne Technologies Incorporated (NYSE:TDY) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.16 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 Teledyne Technologies Incorporated (NYSE:TDY) stands at 19.86.
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 Teledyne Technologies Incorpora, the PEG ratio for coming 3-5 years is 0.71.
The technical analysis highlights that Teledyne Technologies Incorpora current is trading $3.97 points away or +3.91% from its 50-day moving average of $101.75. Further it is trading $13.37 or +14.47% away its 200-day moving average of $92.35.
The 52-week high of Teledyne Technologies Incorporated (NYSE:TDY) was $109.40 while lowest point recorded in 52-week was $73.66. It implies if stock price makes a movement of over $-3.68, it will record a new 52-week high. In the case of +43.52% drop, it will touch a new 52-week low.
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