Jenny just started her intern at a local investment management firm. Her first task is to use the multiples model to estimate the target price of a subject company - ELA Corp. She selected several comps. The following table presents the financial data for the universe of comparable companies. Jenny looked into equity research reports, and recorded that the consensus estimate of ELA Corp's EPS is $2 for 2018. how to know the Target Price Range for 2018, consider the trailing and forward multiples, and the mean and median metrics.

Name COMP l COMP2 COMP3 COMP4 COMPS COMP6 COMP7 Mean Median Price 234 93 183 1 15 70 435 580 # shares 141 248 89 258 47 1241 223 Mkt Cap (mm) 841 584 413 749 278 2920 1032 EPS TTM 2018B 10 11 12 13 8 9 5 4 3.3 3.6 60 65 2 2.5 PIE TTM 2018E 23.4 21.3 7.8 7.2 22.9 20.3 23 28.7 21.2 19.3 7.3 6.7 290 232