Brokerage Firm Target Review on Rowan Companies plc (NYSE:RDC)

During the most recent trading session, shares of Rowan Companies plc (NYSE:RDC) ¬†changed -4.38%. Street analysts that track the company are anticipating the stock to go to $15.04 within the next year. Target price projections may vary greatly depending on the specific analyst providing data. This consensus target is compiled using analysts polled by Thomson Reuters. 

Sell-side analysts are able to use multiple metrics in order to help calculate target price estimates. A widely used metric is a company’s preice to earnings ratio. This calculation is derived from dividing the current share price by the projected earnings per share. Rowan Companies plc Class A Ord currently has a P/E Ratio of 4.18. Investors might also evaluate a company’s PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. If a company has a PEG Ratio under one, it may be seen as undervalued. If a company has a PEG Ratio over one, it may represent that the company is overvalued. A PEG Ratio near one may be viewed as fair value. Currently, the company has a PEG Ratio of -0.08.

Looking at stock performance, company shares have recently traded $0.87 away from the 50-day moving average of $14.63 and $0.12 away from the 200-day moving average of $15.38. The stock has been recently noted -25.77% off of the 52-week high of 20.88 and +45.27% off of the 52-week low of 10.67. Monitoring the stock price relative to moving averages and highs and lows for the year may help evaluate the value of the stock in the future.