With 0.66 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.58 million shares. The 52-week range on PAX shows that it touched its highest point at $15.23 and its lowest point at $10.63 during that stretch. It currently has a 1-year price target of $14.83. With its current market cap of 1.77 billion, PAX has annualized dividend of $0.62 while the current yield stands at 5.47%. Beta for the stock currently stands at 0.59.
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 PAX was down-trending over the past week, with a drop of -7.00%, but this was down by -4.27% over a month. Three-month performance dropped to -8.49% while six-month performance fell -3.22%. The stock lost -23.66% in the past year, while it has lost -1.81% so far this year. A look at the trailing 12-month EPS for PAX yields 0.42 with Next year EPS estimates of 1.34. For the next quarter, that number is 0.31. This implies an EPS growth rate of -9.26% for this year and 22.50% for next year. EPS is expected to grow by 10.89% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 19.58%.
Float and Shares Shorts:
At present, 60.43 million PAX shares are outstanding with a float of 57.81 million shares on hand for trading.
Analysts Ratings:
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 $1.01231 being high and $0.95447 being low. For PAX, this leads to a yearly average estimate of $0.98339. Based on analyst estimates, the high estimate for the next quarter is $0.34 and the low estimate is $0.34. The average estimate for the next quarter is thus $0.34.
