With 8.3 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.78 million shares. The 52-week range on PAAS shows that it touched its highest point at $28.60 and its lowest point at $17.86 during that stretch. It currently has a 1-year price target of $32.60. With its current market cap of 9.47 billion, PAAS has annualized dividend of $0.40 while the current yield stands at 1.53%. Beta for the stock currently stands at 0.63.
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 PAAS was up-trending over the past week, with a rise of 8.37%, but this was up by 8.86% over a month. Three-month performance surged to 11.22% while six-month performance rose 20.44%. The stock gained 18.10% in the past year, while it has gained 29.38% so far this year. A look at the trailing 12-month EPS for PAAS yields 0.86 with Next year EPS estimates of 1.90. For the next quarter, that number is 0.33. This implies an EPS growth rate of 102.67% for this year and 18.65% for next year. EPS is expected to grow by 32.32% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -11.01%.
Float and Shares Shorts:
At present, 362.19 million PAAS shares are outstanding with a float of 360.91 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PAAS since 5 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 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 $0.83913 being high and $0.72924 being low. For PAAS, this leads to a yearly average estimate of $0.78918. Based on analyst estimates, the high estimate for the next quarter is $0.54 and the low estimate is $0.3. The average estimate for the next quarter is thus $0.44.
