Analyst Revises General Growth Properties, Inc. (NYSE:GGP) Stock Target


General Growth Properties, Inc. (NYSE:GGP) mean price target has been set at $33.15 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.43 in the near-term quarter and $1.54 for the ongoing fiscal. The market cap of General Growth Properties, Inc. was recorded at $27.13B after the stock closed at $30.98 in last trading day.

What The Valuation Says?

The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. General Growth Properties, Inc. (NYSE:GGP) has a P/E ratio of 42.77. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio.

General Growth Properties, Inc. (NYSE:GGP) PEG ratio sits at 2.82. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks.

Technical Perspective

The technical analysis of General Growth Properties, Inc. visibly illustrates that the 50-day MA of General Growth Properties, Inc. is $30.58, and stock is trading $0.13 points away or +0.43% from its 50-day moving average of $30.58. Further it is trading $2.09 or +7.32% away its 200-day moving average of $28.62. General Growth Properties, Inc. (NYSE:GGP) 52-week high is $32.10 and the 52-week low is $24.22. This represents that if the stock moves $-1.39 points up on the chart to it will make a 52-week high. But, if it declines +26.80%, then the shares price can hit a new 52-week low.

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  • #RealityCheck

    I would sell this stock now, while its up, or short it in the near future. GGP’s mall traffic has declined HUGELY in the past 12 months, regardless of what they will tell you…any auditor would see this immediately with a physical walk through. They are manipulating investors via their “Price Per Square Foot” formulas. Every tenant I know wants to leave ASAP, but cant due to long term leases signed before the recent, rapid decline in traffic. The economics do not work any more with the rise of Amazon and other online retailers. When was the last time you shopped at the mall?
    -GGP Mall Tenant (2 locations)