Analyst Revises Piedmont Office Realty Trust, Inc. (NYSE:PDM) Stock Target


Piedmont Office Realty Trust, Inc. (NYSE:PDM) mean price target has been set at $21.000 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 $0.410 in the near-term quarter and $1.640 for the ongoing fiscal. The market cap of Piedmont Office Realty Trust, I was recorded at $3.17B after the stock closed at $21.620 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. Piedmont Office Realty Trust, Inc. (NYSE:PDM) has a P/E ratio of 14.897. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio.

Piedmont Office Realty Trust, Inc. (NYSE:PDM) PEG ratio sits at 2.890. 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 Piedmont Office Realty Trust, I visibly illustrates that the 50-day MA of Piedmont Office Realty Trust, I is $21.499, and stock is trading $0.296 points away or +1.376% from its 50-day moving average of $21.499. Further it is trading $1.398 or +6.853% away its 200-day moving average of $20.397. Piedmont Office Realty Trust, Inc. (NYSE:PDM) 52-week high is $22.000 and the 52-week low is $16.700. This represents that if the stock moves $-0.205 points up on the chart to it will make a 52-week high. But, if it declines +30.509%, then the shares price can hit a new 52-week low.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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