Stock To Watch: Equity Residential (NYSE:EQR)


The leading market experts have placed a mean price target of $73.89 on Equity Residential (NYSE:EQR) 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 $0.00 a share for the upcoming quarter and $3.09 for the current fiscal. Technical View The technical analysis of Equity Residential Common Share plainly substantiates that the 50-day moving average of Equity Residential Common Share is $67.44, and stock is hovering 2.77 or +4.11% distant from $67.44. It is noted that the 200-day MA is $71.57, and Equity Residential Common Share stock is $-1.36 or -1.90% off from this point. Equity Residential (NYSE:EQR) 52-week high is $82.39 and the 52-week low is $61.90. This explains if the stock moves $-12.18, it will post a 52-week high. In event of $+13.42% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Equity Residential Common Share, 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, Equity Residential (NYSE:EQR) ratio came in at 6.02. The stock last ended the trading session at $70.21 and registered a market cap of $25.66B. 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. Equity Residential (NYSE:EQR) PEG ratio is at 16.17.

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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