Stock To Watch: Piedmont Office Realty Trust, Inc. (NYSE:PDM)

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The leading market experts have placed a mean price target of $21.00 on Piedmont Office Realty Trust, Inc. (NYSE:PDM) 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 $0.41 a share for the upcoming quarter and $1.64 for the current fiscal.

Technical View

The technical analysis of Piedmont Office Realty Trust, I plainly substantiates that the 50-day moving average of Piedmont Office Realty Trust, I is $21.51, and stock is trading $-0.24 points away or -1.13% from its 50-day moving average of $21.51. Further it is trading $1.02 or +5.05% away its 200-day moving average of $20.25. Piedmont Office Realty Trust, Inc. (NYSE:PDM) 52-week high is $22.00 and the 52-week low is $16.54.

This explains if the stock moves $-0.73, it will post a 52-week high. In event of +28.60% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Piedmont Office Realty Trust, I, 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, Piedmont Office Realty Trust, Inc. (NYSE:PDM) ratio came in at 14.54.

The stock last ended the trading session at $21.27 and registered a market cap of $3.09B. 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. Piedmont Office Realty Trust, Inc. (NYSE:PDM) PEG ratio is at 2.94.

1 Chart Pattern Every Investor Should Know

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