With 1.02 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.09 million shares. The 52-week range on TECH shows that it touched its highest point at $85.57 and its lowest point at $61.16 during that stretch. It currently has a 1-year price target of $85.75. With its current market cap of 10.14 billion, TECH has annualized dividend of $0.32 while the current yield stands at 0.50%. Beta for the stock currently stands at 1.29.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TECH was down-trending over the past week, with a drop of -2.51%, but this was down by -16.09% over a month. Three-month performance dropped to -9.71% while six-month performance fell -11.26%. The stock lost -10.43% in the past year, while it has lost -10.94% so far this year. A look at the trailing 12-month EPS for TECH yields 0.98 with Next year EPS estimates of 2.18. For the next quarter, that number is 0.51. This implies an EPS growth rate of 7.25% for this year and 15.04% for next year. EPS is expected to grow by 12.81% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 11.13%.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TECH since 7 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.80063 being high and $1.76061 being low. For TECH, this leads to a yearly average estimate of $1.78062. Based on analyst estimates, the high estimate for the next quarter is $0.56 and the low estimate is $0.52. The average estimate for the next quarter is thus $0.55.
