Vistra Corp. (NYSE:VST) Looks Just Right With A 31% Price Jump
Those holding Vistra Corp. (NYSE:VST) shares would be relieved that the share price has rebounded 31% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. Looking back a bit further, it’s encouraging to see the stock is up 62% in the last year.
Since its price has surged higher, Vistra’s price-to-earnings (or “P/E”) ratio of 22.2x might make it look like a sell right now compared to the market in the United States, where around half of the companies have P/E ratios below 17x and even P/E’s below 10x are quite common. However, the P/E might be high for a reason and it requires further investigation to determine if it’s justified.
