Let’s take a quick look at where covering equity analysts see Big Lots, Inc. (NYSE:BIG) going in the future. Analysts polled have a current consensus target on company stock of $55.92.
Investors are usually scouring the markets for that next great stock pick. Locating that special winner to jumpstart the portfolio may involve lots of diligent hard work. Filing through the massive amounts of data regarding public companies can be an overwhelming task. Many successful investors will approach the equity markets from various sides. This may include keeping a close eye on the fundamentals as well as the technical data. This may also include following sell-side analyst opinions and tracking what the big money institutions are buying or selling.
After a look at recent stock performance, shares have traded $1.52 off of the 50-day moving average of $48.76 and $0.91 off of the 200-day moving average of $49.37 . Shares have been recorded at -11.07% separated from the 52-week high of 56.54 and +18.58% away from the 52-week low of 42.40. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.
Street analysts have the ability to employ multiple metrics to help calculate target price estimates. A common metric is a company’s P/E Ratio. This calculation is derived by dividing the current share price by the projected earnings per share. Big Lots, Inc. presently has a P/E Ratio of 13.65. Investors may also monitor 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. A PEG Ratio under one may indicate that the company is undervalued. If a company has a PEG Ratio above one, it may represent that the company is overvalued. A PEG Ratio near one might be seen as fair value. The company has a current PEG Ratio of 0.94 .