Analyst Forecasts and Price/Earnings Ratios
نویسندگان
چکیده
منابع مشابه
Relative valuation and analyst target price forecasts
We document that within industry relative valuations implicit in analyst target prices do provide investors with valuable information although the implied absolute valuations themselves are much less informative. Importantly, our findings are not merely a small stock phenomenon but apply to the sample of S&P 500 stocks and do not rely on trading at the exact time of announcement. Using a large ...
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ژورنال
عنوان ژورنال: Financial Analysts Journal
سال: 1989
ISSN: 0015-198X
DOI: 10.2469/faj.v45.n2.60