Why Vulcan Materials Company (NYSE:VMC) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $129.09 on Vulcan Materials Company (NYSE:VMC) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.42 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 Vulcan Materials Company (NYSE:VMC) stands at 45.97.

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 Vulcan Materials Company (Holdi, the PEG ratio for coming 3-5 years is 1.59.

Technical Analysis

The technical analysis highlights that Vulcan Materials Company (Holdi current is trading $-1.24 points away or -1.02% from its 50-day moving average of $121.72. Further it is trading $10.40 or +9.44% away its 200-day moving average of $110.08.

The 52-week high of Vulcan Materials Company (NYSE:VMC) was $127.20 while lowest point recorded in 52-week was $78.83. It implies if stock price makes a movement of over $-6.72, it will record a new 52-week high. In the case of +52.84% drop, it will touch a new 52-week low.

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