Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $31.1000 on Whole Foods Market, Inc. (NASDAQ:WFM) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.5100 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 Whole Foods Market, Inc. (NASDAQ:WFM) stands at 21.7543.
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 Whole Foods Market, Inc., the PEG ratio for coming 3-5 years is 4.9100.
The technical analysis highlights that Whole Foods Market, Inc. current is trading $-1.4324 points away or -4.4615% from its 50-day moving average of $32.1060. Further it is trading $-0.7917 or -2.5161% away its 200-day moving average of $31.4653.
The 52-week high of Whole Foods Market, Inc. (NASDAQ:WFM) was $35.5800 while lowest point recorded in 52-week was $28.0700. It implies if stock price makes a movement of over $-4.9064, it will record a new 52-week high. In the case of +9.2754% drop, it will touch a new 52-week low.
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