Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $19.6000 on Thermon Group Holdings, Inc. (NYSE:THR) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.7300 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 Thermon Group Holdings, Inc. (NYSE:THR) stands at 30.2152.
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 Thermon Group Holdings, Inc. Co, the PEG ratio for coming 3-5 years is 2.2300.
The technical analysis highlights that Thermon Group Holdings, Inc. Co current is trading $-0.3064 points away or -1.5361% from its 50-day moving average of $19.9463. Further it is trading $0.9030 or +4.8194% away its 200-day moving average of $18.7369.
The 52-week high of Thermon Group Holdings, Inc. (NYSE:THR) was $23.5500 while lowest point recorded in 52-week was $13.9700. It implies if stock price makes a movement of over $-3.9101, it will record a new 52-week high. In the case of +40.5863% drop, it will touch a new 52-week low.
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