In the most recent trading session, Tech Data Corporation (NASDAQ:TECD) shares saw a move of +0.00%. Covering Wall Street analysts have a consensus target price of $97.40 on the stock. Target predictions might differ vastly from analyst to analyst. This target is applying estimates from 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. Tech Data Corporation currently has a P/E Ratio of 13.96. 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 11.43.
Looking at stock performance, company shares have recently traded $5.68 away from the 50-day moving average of $80.33 and $8.77 away from the 200-day moving average of $77.24. The stock has been recently noted -3.75% off of the 52-week high of 89.36 and +48.33% off of the 52-week low of 57.99. 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.