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Assignment Details The Price is Right! Utilizing either the company that you work for or a public company that you are familiar with, determine the

Assignment Details The Price is Right! Utilizing either the company that you work for or a public company that you are familiar with, determine the right price for that companys stock in 5 easy steps. Visit this Web site. Look up your companys stock ticker symbol (for example, Target is TGT). Find the search button for quotes, put in that ticker, and jot down the current stock price. Look for the tab labeled Analysis under Key Statistics, and find the Analyst Recommendation box. Jot down the stocks Earnings Per Share Estimate. In the same Analysis section, click on the Price Ratios tab, and find the current Price to Earnings Ratio for the Industry, not for the company. Use the PE valuation model as follows: Multiply the industry average P/E ratio by the stocks EPS to estimate the intrinsic price of the stock. This model helps to determine the right price for this stock. Answer the following questions: Is this stock overvalued or undervalued when compared to the current stock price? What are the analysts recommendations for this stock (buy, sell, or hold)? Do you agree with them? Would you consider purchasing this stock? Why? The use of 3 scholarly sources (e.g., textbook, article from the CEC Library) is required.

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