Why Valmont Industries, Inc. (NYSE:VMI) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $143.33 on Valmont Industries, Inc. (NYSE:VMI) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $6.33 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 Valmont Industries, Inc. (NYSE:VMI) stands at 54.08.

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 Valmont Industries, Inc. Common, the PEG ratio for coming 3-5 years is 2.10.

Technical Analysis

The technical analysis highlights that Valmont Industries, Inc. Common current is trading $0.28 points away or +0.21% from its 50-day moving average of $132.70. Further it is trading $5.65 or +4.44% away its 200-day moving average of $127.33.

The 52-week high of Valmont Industries, Inc. (NYSE:VMI) was $145.94 while lowest point recorded in 52-week was $92.33. It implies if stock price makes a movement of over $-12.96, it will record a new 52-week high. In the case of +44.03% drop, it will touch a new 52-week low.

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