Stock To Watch: Extra Space Storage Inc (NYSE:EXR)


The leading market experts have placed a mean price target of $93.73 on Extra Space Storage Inc (NYSE:EXR) 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 $0.98 a share for the upcoming quarter and $3.76 for the current fiscal.

Technical View

The technical analysis of Extra Space Storage Inc Common plainly substantiates that the 50-day moving average of Extra Space Storage Inc Common is $83.39, and stock is trading $-3.47 points away or -4.16% from its 50-day moving average of $83.39. Further it is trading $-8.32 or -9.43% away its 200-day moving average of $88.24. Extra Space Storage Inc (NYSE:EXR) 52-week high is $94.81 and the 52-week low is $72.54.

This explains if the stock moves $-14.89, it will post a 52-week high. In event of +10.17% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Extra Space Storage Inc Common , 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, Extra Space Storage Inc (NYSE:EXR) ratio came in at 40.61.

The stock last ended the trading session at $79.92 and registered a market cap of $10.05B. 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. Extra Space Storage Inc (NYSE:EXR) PEG ratio is at 2.69.

1 Chart Pattern Every Investor Should Know

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