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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 $ 45.56 $ 59.43
You have found the following historical information for the Daniela Company:
Year 1 | Year 2 | Year 3 | Year 4 | |||||||||||||
Stock price | $ | 45.56 | $ | 59.43 | $ | 66.79 | $ | 62.43 | ||||||||
EPS | 2.43 | 2.49 | 2.66 | 2.65 | ||||||||||||
Earnings are expected to grow at 10 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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