|Bid||76.28 x 1100|
|Ask||77.87 x 1000|
|Day's Range||75.58 - 78.25|
|52 Week Range||40.25 - 85.46|
|Beta (5Y Monthly)||0.85|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 04, 2020 - Nov 09, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||91.00|
Moody's Investors Service, ("Moody's") assigned a Ba1 rating to Go Daddy Operating Company, LLC's ("GoDaddy") proposed incremental first lien senior secured term loan B due 2027. At the same time, Moody's affirmed the company's Ba2 Corporate Family Rating (CFR), Ba2-PD Probability of Default Rating (PDR), Ba1 rating on the first lien senior secured credit facility (revolver and term loan) due 2024 and B1 rating on the senior unsecured notes.
In the current session, GoDaddy Inc. (NYSE: GDDY) is trading at $76.95, after a 3.36% increase. Over the past month, the stock increased by 8.92%, and in the past year, by 21.01%. With performance like this, long-term shareholders optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently under from its 52 week high by 8.92%.The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against its past earnings, historical data and aggregate market data for the industry or the indices, such as S&P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also shows that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future.View more earnings on GDDYDepending on the particular phase of a business cycle, some industries will perform better than others.GoDaddy Inc. has a better P/E ratio of 80.05 than the aggregate P/E ratio of 30.68 of the Software--Infrastructure industry. Ideally, one might believe that GoDaddy Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued.P/E ratio is not always a great indicator of the company's performance. Depending on the earnings makeup of a company, investors may not be able to attain key insights from trailing earnings.See more from Benzinga * GoDaddy's Earnings: A Preview * Stocks That Hit 52-Week Highs On Tuesday * Stocks That Hit 52-Week Highs On Monday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
GoDaddy (GDDY) reports solid second-quarter revenues driven by strong product demand and efficient execution. However, the bottom line misses the Zacks Consensus Estimate.