Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $55.00 on Valero Energy Partners LP (NYSE:VLP) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.64 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 Valero Energy Partners LP (NYSE:VLP) stands at 16.90.
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 Valero Energy Partners LP Commo, the PEG ratio for coming 3-5 years is 1.09.
The technical analysis highlights that Valero Energy Partners LP Commo current is trading $-0.26 points away or -0.63% from its 50-day moving average of $41.90. Further it is trading $-3.64 or -8.04% away its 200-day moving average of $45.28.
The 52-week high of Valero Energy Partners LP (NYSE:VLP) was $53.25 while lowest point recorded in 52-week was $37.96. It implies if stock price makes a movement of over $-11.61, it will record a new 52-week high. In the case of +9.69% drop, it will touch a new 52-week low.
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