Chicago, IL – November 18, 2009- Kevin Matras shows how to calculate a stock’s price target and how to find stocks currently trading below them. Stocks in this week’s article include AVX Corp. (NYSE: AVX), Macquarie Infrastructure Company LLC (NYSE: MIC), Newmont Mining Corp. (NYSE: NEM), Shaw Communications, Inc. (NYSE: SJR) and SLM Corp. (NYSE: SLM).
Screen of the Week written by Kevin Matras of Zacks Investment Research:
Today, after a pretty big run up, people are still wondering what their stock’s price target is, but now they’re wondering how high it’s going to go. Either way, it’s important for everyone to know how to calculate their stock’s price target.
You can do this by using either technicals or fundamentals.
Today, I’m going to focus on fundamentals.
And we’re going to use the P/E ratio to calculate it.
Many people use P/E ratios to determine a company’s perceived undervaluation or overvaluation.
But you can also use the P/E ratio to determine a stock’s upside and downside price targets as well.
For the rest of this Screen of the Week article, please visit Zacks.com at: http://www.zacks.com/commentary/12795/
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