Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $34.33 on Timken Company (The) (NYSE:TKR) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.92 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 Timken Company (The) (NYSE:TKR) stands at 20.20.
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 Timken Company (The) Common Sto, the PEG ratio for coming 3-5 years is 7.06.
The technical analysis highlights that Timken Company (The) Common Sto current is trading $1.68 points away or +5.26% from its 50-day moving average of $31.95. Further it is trading $1.31 or +4.06% away its 200-day moving average of $32.32.
The 52-week high of Timken Company (The) (NYSE:TKR) was $37.07 while lowest point recorded in 52-week was $22.22. It implies if stock price makes a movement of over $-3.44, it will record a new 52-week high. In the case of +51.35% drop, it will touch a new 52-week low.
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