Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $94.29 on Tesoro Corporation (NYSE:TSO) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.42 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 Tesoro Corporation (NYSE:TSO) stands at 7.05.
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 Tesoro Corporation Common Stock, the PEG ratio for coming 3-5 years is -0.73.
The technical analysis highlights that Tesoro Corporation Common Stock current is trading $-0.42 points away or -0.56% from its 50-day moving average of $75.72. Further it is trading $-3.97 or -5.01% away its 200-day moving average of $79.27.
The 52-week high of Tesoro Corporation (NYSE:TSO) was $119.67 while lowest point recorded in 52-week was $67.80. It implies if stock price makes a movement of over $-44.37, it will record a new 52-week high. In the case of +11.06% drop, it will touch a new 52-week low.
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