Buzzing Stock: Equity Residential (NYSE:EQR)


As per the research groups listed in Thomson Reuters survey, Equity Residential (NYSE:EQR), the stock can touch mean price target of $69.450 in coming period. This price target highlights the recommendations of leading experts in the market.

Thomson Reuters studies the brokerages research reports to reach this price target. The latest poll indicate that the company may record earnings of $0.780 per share in looming quarter and $3.080 during current fiscal.

Technical Forecast

While evaluating Equity Residential Common Share on the technical side, it is seen that the firm’s shares price is trading $-2.840 points away or -4.139% from its 50-day moving average of $68.615. Further it is trading $-4.277 or -6.105% away its 200-day moving average of $70.052. MA here stands for moving average.

Equity Residential (NYSE:EQR) stock made a high of $82.390 in last 12-months while the lowest level in same period was $61.900. It entails if stock price makes a movement of over $-16.615, it will make a new 52-week high. In the case of +6.260% decline, it will touch a new 52-week low.

Valuation Level

The valuation of Equity Residential Common Share is done by analysts by using price-to-earnings ratio. This ratio considers the latest price and profits for valuating a stock. The ratio is calculated by dividing stock price by annual EPS. For now, Equity Residential (NYSE:EQR) P/E ratio is 5.739. The stakeholders can further gauge a firm’s performance by calculating Price-to-Earnings-Growth ratio, and for Equity Residential Common Share it stands at 23.810.

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