EastGroup Properties, Inc. (NYSE:EGP) has a mean price target of $68.310 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $1.050 a share for the very next quarter and $3.990 for this year.
The technical study of EastGroup Properties, Inc. Comm demonstrates that the 50-day moving average of EastGroup Properties, Inc. (NYSE:EGP) stock is $72.917, and is trading $-1.912 points away or -2.622% from 50-day moving average of $72.917. It is trading $5.709 or +8.744% away 200-day moving average of $65.296.
The 52-week high of EastGroup Properties, Inc. (NYSE:EGP) was $76.000 while $49.310 is the low mark in the same period. It state EastGroup Properties, Inc. Comm share price has to surge more than $-4.995 to hit 52-week high or drop +43.997% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of EastGroup Properties, Inc. Comm, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. EastGroup Properties, Inc. (NYSE:EGP) ratio came in at 25.708, after dividing current equity price by yearly earnings. EastGroup Properties, Inc. Comm stock recorded a close of $71.005 in last trading session, registering a market cap of $2.32B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. EastGroup Properties, Inc. (NYSE:EGP) PEG ratio is at 4.100.
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