Stock To Watch: EastGroup Properties, Inc. (NYSE:EGP)


The leading market experts have placed a mean price target of $67.85 on EastGroup Properties, Inc. (NYSE:EGP) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.05 a share for the upcoming quarter and $3.99 for the current fiscal. Technical View The technical analysis of EastGroup Properties, Inc. Comm plainly substantiates that the 50-day moving average of EastGroup Properties, Inc. Comm is $70.69, and stock is hovering 2.00 or +2.82% distant from $70.69. It is noted that the 200-day MA is $61.67, and EastGroup Properties, Inc. Comm stock is $11.02 or +17.87% off from this point. EastGroup Properties, Inc. (NYSE:EGP) 52-week high is $74.56 and the 52-week low is $49.31. This explains if the stock moves $-1.87, it will post a 52-week high. In event of $+47.41% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of EastGroup Properties, Inc. Comm, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, EastGroup Properties, Inc. (NYSE:EGP) ratio came in at 26.32. The stock last ended the trading session at $72.69 and registered a market cap of $2.38B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. EastGroup Properties, Inc. (NYSE:EGP) PEG ratio is at 3.96.

1 Chart Pattern Every Investor Should Know

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