4 Reasons to Go Long On Tredegar Corporation [TG]

Tredegar Corporation [TG] stock is up 27.75 while the S&P 500 has risen 0.05% on Tuesday, 12/01/20. While at the time of this article, TG ATR is sitting at 0.69, with the beta value at 1.03. This stock’s volatility for the past week remained at 4.37%, while it was 4.10% for the past 30-day period. TG has risen $4.61 from the previous closing price of $16.59 on volume of 1.1 million shares.

On 1, December 2020, Tredegar Board Declares Special Dividend of $5.97 Per Share. According to news published on Yahoo Finance, Tredegar Corporation (NYSE:TG) announced today that its board of directors has declared a special dividend of $200 million or $5.97 per share on the company’s common stock (the “Special Dividend”). The Special Dividend is payable on December 18, 2020 to shareholders of record at the close of business on December 11, 2020.

Analyst Birdseye View:

The most recent analyst activity for Tredegar Corporation [NYSE:TG] stock was on April 16, 2008, when it was Downgrade with a Neutral rating from Davenport, which also raised its 12-month price target on the stock to $19. Before that, on June 04, 2015, Macquarie Recapitulated a Neutral rating and elevated its amount target to $23. On January 09, 2008, Davenport Upgrade a Buy rating and boosted its price target on this stock to $19. On August 08, 2007, Davenport Upgrade a Neutral rating and increased its price target to $19. On May 04, 2007, Davenport Initiated a Reduce/sell rating and increased its price target to $21.

In the past 52 weeks of trading, this stock has oscillated between a low of $11.31 and a peak of $23.48. Right now, according to Wall Street analyst the average 12-month amount target is $17.00. At the most recent market close, shares of Tredegar Corporation [NYSE:TG] were valued at $21.20.

FUNDAMENTAL ANALYSIS

Tredegar Corporation [NYSE:TG] most recently reported quarterly sales of 184.37 billion, which represented growth of -10.50%. This publicly-traded organization’s revenue is $324,119 per employee, while its income is $16,086 per employee. This company’s Gross Margin is currently 21.20%, its Operating Margin is 3.80%, its Pretax Margin is +5.98, and its Net Margin is +4.96. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 6.80, 13.19, 8.36 and 10.81 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 14.27 and the whole liability to whole assets at 8.80. It shows enduring liability to the whole principal at 13.58 and enduring liability to assets at 0.08 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 16.22 points at 1st support level, the second support level is making up to 15.85. But as of 1st resistance point, this stock is sitting at 16.87 and at 17.15 for 2nd resistance point.

Tredegar Corporation [TG] reported its earnings at $0.1 per share in the fiscal quarter closing of 12/30/2016. The Analysts for Wall Street were expecting to report its earnings at $0.21/share signifying the difference of -0.11 and -52.40% surprise value. Comparing the previous quarter ending of 9/29/2016, the stated earnings were $0.22 calling estimates for $0.24/share with the difference of -0.02 depicting the surprise of -8.30%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Tredegar Corporation [NYSE:TG] is 1.60. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.21. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.76 and it’s amount to book ratio is 1.97.