The leading market experts have placed a mean price target of $69.45 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 $0.79 a share for the upcoming quarter and $3.08 for the current fiscal.
The technical analysis of Equity Residential Common Share plainly substantiates that the 50-day moving average of Equity Residential Common Share is $67.00, and stock is trading $-2.41 points away or -3.60% from its 50-day moving average of $67.00. Further it is trading $-4.76 or -6.86% away its 200-day moving average of $69.35. Equity Residential (NYSE:EQR) 52-week high is $82.39 and the 52-week low is $63.11.
This explains if the stock moves $-17.80, it will post a 52-week high. In event of +2.35% 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 5.64.
The stock last ended the trading session at $64.59 and registered a market cap of $23.61B. 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 23.30.
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