Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $83.84 on TJX Companies Inc (NYSE:TJX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.48 for the next fiscal and $N/A for underway quarter. Valuation Estimates 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 TJX Companies Inc (NYSE:TJX) stands at 23.15. 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 TJX Companies, Inc. (The) Commo, the PEG ratio for coming 3-5 years is 2.16. Technical Analysis The technical analysis highlights that TJX Companies, Inc. (The) Commo current price is trading $2.08 points away +2.72% from $76.73, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $74.68 and, for now, the stock price is trading $4.13 or +5.52% away from that point. The 52-week high of TJX Companies Inc (NYSE:TJX) was $79.20 while lowest point recorded in 52-week was $63.53. It implies if stock price makes a movement of over $-0.39, it will record a new 52-week high. In the case of $+24.05% points drop, it will touch a new 52-week low.
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