Where Does the Sell-side See These Shares Going: Sirius XM Holdings Inc. (NASDAQ:SIRI), Nimble Storage, Inc. (NYSE:NMBL), Analog Devices, Inc. (NASDAQ:ADI)

During the most recent trading session, Sirius XM Holdings Inc. (NASDAQ:SIRI) shares traded -1.15%. Tracking the stock price in relation to moving averages may provide enhanced perspective on stock performance. After a recent look, the stock has been seen trading $0.09 off of the 50-day moving average of $5.06 and $0.60 separated from the 200-day moving average of $4.55. Taking a further look from a different perspective, the stock has been recently recorded -6.87% off of the 52-week high of 5.53 and +37.70% apart from the 52-week low of 3.74. Monitoring stock price activity relative to moving averages and the highs and lows for the past year might help with future stock price value assessment. 

Price Target in Focus

While monitoring stock technicals is important, most investors are more concerned with where the stock might be going now.  Equity research analysts have provided views on where they believe the stock will be trading in the future. According to Thomson Reuters, sell-side analysts are projecting a consensus target price of $5.25 on company shares. This is a near-term estimate for the next 12-18 months.

Currently, Sirius XM Holdings Inc. has a price to earnings ratio of 34.33. Analysts and investors may also opt to evaluate a company's PEG or price to earnings growth ratio. The stock currently has a PEG Ratio of 0.85.

Nimble Storage, Inc. (NYSE:NMBL) shares are trading +0.16% thus far today and have traded in the range of 12.47 – 12.50 during the current session. In order to take a look at where the stock might headed longer term, we can also look at different sets of data. Sell-side research firms currently have a consensus one year price target of $12.60 on the stock according to First Call. This number can often vary from the Zacks or FactSet mean targets. The sell-side analysts are projecting earnings per share of $-0.13 for the next fiscal quarter. For the current year, analysts are predicting earnings of $-0.48 per share according to First Call.

Stock Technicals in Focus

In looking at where the stock is trading on a technical level, the stock is trading +21.84% away from its 50 day moving average of $10.26. Based on the most recent available data, the equity is -0.64% off of its 52-week high of $12.58 and +102.27% away from its 52-week low which is $6.18. In taking a look at the company’s valuation, the firm’s price to earnings ratio stands at N/A. This is a crucial indicator investors watch as higher ratios compared to peers, would suggest higher future earnings growth potential for the stock. The price to current year EPS estimates from research analysts currently stands at N/A. In looking further ahead, potential investors should note that the company’s price to next year’s EPS estimates is N/A.

Today, the stock opened at $12.48 and the last bid at the time of writing stood at $12.50. During the session thus far, the equity dipped down to $12.47 and touched $12.50 as the high point. Nimble Storage, Inc. has a market cap of 1.15B and has seen an average daily volume of 2618270 over the past three months.

In the most recent session, Analog Devices, Inc. (NASDAQ:ADI) shares have traded -0.30%. Following the stock price relative to moving averages may offer enhanced perspective on stock performance. After a recent review, the stock has been noted $0.67 away from the 50-day moving average of $81.28 and $10.52 away from the 200-day moving average of $71.43. From a different angle, the stock has been recently recorded -2.72% off of the 52-week high of 84.24 and +57.08% removed from the 52-week low of 52.17. 

Currently, Analog Devices, Inc. has a price to earnings ratio of 27.95. Analysts and investors may also opt to 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 below one, it may be viewed as undervalued. If a company has a PEG Ratio above one, it may show that the company is overvalued. A PEG Ratio near one may be viewed as fair value. The stock currently has a PEG Ratio of 1.99.

Price Target Update

Analysts polled by Thomson Reuters have set a consensus target price of $91.24 on shares. Target prices may vary from one analyst to another due to the various ways they may proceed to calculate future price targets. This is a near-term estimation for the next 12-18 months.

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