The average estimated price target for Page Industries (NSE:PAGEIND) for the next one year has been cut to 39,341.08 per share.This represents a decrease of 7.67% from the previous estimate of 42,610.27 made on May 10, 2023.
This is an average of various predictions given by analysts. Current projections vary between 30,300.00 to 50,271.90 per share.The average price target represents a gain of 1.54% from the latest closing price of 38,742.80 per share.
Click here to view the list of companies with the highest price target upside.
Page Industries Continues to Maintain 0.96% Dividend Yield Rate
At current prices, the dividend yield of Page Industries is 0.96%. The dividend payout ratio presently stands at 0.60. The payout ratio informs how much of a company’s earnings are disbursed as dividends. A ratio of one (1.0) indicates that the firm pays out 100% of the income in dividends. A ratio higher than one implies that the company is drawing from its reserves to maintain the dividend, which is not a positive sign. Companies with limited growth potential are expected to pay out most of their earnings in dividends, indicating a payout ratio between 0.5 and 1.0. Firms with optimistic growth prospects are advised to keep some of their income in reserve to invest in these growth possibilities, resulting in a payout ratio of zero to 0.5.
The dividend growth rate of the company for three years is 0.59%, which indicates that it has raised its dividend payouts in the past few years.
Refer to Fintel’s Dividend Screener for a list of firms with the highest dividend yield.
What Is the Market Sentiment for This Stock?
There are 133 funds that have reported positions in Page Industries. This represents a decrease of 1 owner (0.75%) in the last quarter. The average portfolio weight of all funds dedicated to PAGEIND is 0.16%, which is a decline of 23.29%. The total number of shares owned by institutions fell by 5.12% to 552K shares in the last three months.
What Are Other Shareholders Doing?
VEIEX – Vanguard Emerging Markets Stock Index Fund Investor Shares owns 81K shares equivalent to 0.73% ownership of the firm. The company had reported owning 81K shares the last time, indicating an increase of 0.91%. The fund decreased its portfolio allocation by 32.52% during the previous quarter.
VGTSX – Vanguard Total International Stock Index Fund Investor Shares owns 76K shares equivalent to 0.68% ownership of the firm. In its previous filing, the company had reported owning 77K shares, indicating a decrease of 1.32%. The fund decreased its portfolio allocation by 31.49% during the previous quarter.
IEMG – iShares Core MSCI Emerging Markets ETF owns 55K shares equivalent to 0.50% ownership of the firm. The company had reported owning 52K shares the last time, indicating an increase of 6.72%. The fund decreased its portfolio allocation by 18.72% during the previous quarter.
EEMV – iShares Edge MSCI Min Vol Emerging Markets ETF owns 39K shares equivalent to 0.35% ownership of the firm. In its previous filing, the company had reported owning 61K shares, indicating a decrease of 58.33%. The fund decreased its portfolio allocation by 18.87% during the previous quarter.
INDA – iShares MSCI India ETF owns 32K shares, equivalent to 0.29% ownership of the firm. The company had reported owning 30K shares the last time, indicating an increase of 6.82%. The fund decreased its portfolio allocation by 11.43% during the previous quarter.
This story originally appeared on Fintel.
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
