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You have found the following historical information for the Daniela Company: Year 1 Year 2 Year 3 Year 4 Stock price $ 47.86 $ 64.43
You have found the following historical information for the Daniela Company:
Year 1 | Year 2 | Year 3 | Year 4 | |||||||||||||
Stock price | $ | 47.86 | $ | 64.43 | $ | 63.29 | $ | 65.33 | ||||||||
EPS | 2.53 | 2.59 | 2.76 | 2.75 | ||||||||||||
Earnings are expected to grow at 8 percent for the next year.
Using the company's historical average PE as a benchmark, what is the target stock price in one year?
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