Share Price Target & update on Ross Stores, Inc. (NASDAQ:ROST), Workday, Inc. (NYSE:WDAY)

According to data provided by Zacks Research, Ross Stores, Inc. (NASDAQ:ROST) has a consensus target price of $71.5 on the stock. Out of the polled analysts providing targets, the high is currently $80, while the low is resting at $63. Analyst price targets may vary depending on the individual method used to calculate the estimate.
Turning to earnings, analysts are expecting Ross Stores, Inc. (NASDAQ:ROST) to post a current quarter EPS of $0.8. This consensus number is compiled by Zacks Research. For the period ending on 2017-01-31, the company reported EPS for the quarter of $0.77. The resulting surprise factor from the difference between the reported number and the consensus estimate going into earnings was 2.67%. After a company reports earnings, the stock may see increased activity. The next earnings report date is scheduled on or near 2017-05-18.
In terms of analyst ratings, Ross Stores, Inc. (NASDAQ:ROST) has a current ABR of 1.74. This average broker recommendation is given by Zacks using a scale from 1 to 5. According to this scale, a rating of 1 or 2 would indicate a Buy, and a rating of 4 or 5 would signify a Sell recommendation. A 3 would indicate a Hold on the stock.

In the most recent session, Workday, Inc. (NYSE:WDAY) shares have traded +0.20%. Following the stock price relative to moving averages may offer enhanced perspective on stock performance. After a recent review, the stock has been noted $4.78 away from the 50-day moving average of $84.05 and $7.21 away from the 200-day moving average of $81.62. From a different angle, the stock has been recently recorded -4.84% off of the 52-week high of 93.35 and +35.02% removed from the 52-week low of 65.79. 

Currently, Workday, Inc. Common Stock has a price to earnings ratio of N/A. 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 2.59.

Price Target Update

Analysts polled by Thomson Reuters have set a consensus target price of $88.97 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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