Price Target & Session Watch on Pier 1 Imports, Inc. (NYSE:PIR)

During the most recent trading session, shares of Pier 1 Imports, Inc. (NYSE:PIR) ¬†changed +3.131%. Street analysts that track the company are anticipating the stock to go to $4.550 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. Pier 1 Imports, Inc. Common Sto currently has a P/E Ratio of 24.223. 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 -3.300.

Looking at stock performance, company shares have recently traded $0.883 away from the 50-day moving average of $4.882 and $0.821 away from the 200-day moving average of $4.944. The stock has been recently noted -25.130% off of the 52-week high of 7.700 and +54.558% off of the 52-week low of 3.730. 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. 

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