Stock To Watch: SL Green Realty Corporation (NYSE:SLG)


The leading market experts have placed a mean price target of $125.19 on SL Green Realty Corporation (NYSE:SLG) 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 $1.56 a share for the upcoming quarter and $8.30 for the current fiscal.

Technical View

The technical analysis of SL Green Realty Corporation Com plainly substantiates that the 50-day moving average of SL Green Realty Corporation Com is $115.54, and stock is trading $0.63 points away or +0.54% from its 50-day moving average of $115.54. Further it is trading $12.93 or +12.52% away its 200-day moving average of $103.24. SL Green Realty Corporation (NYSE:SLG) 52-week high is $121.94 and the 52-week low is $80.12.

This explains if the stock moves $-5.77, it will post a 52-week high. In event of +44.99% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of SL Green Realty Corporation Com, 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, SL Green Realty Corporation (NYSE:SLG) ratio came in at 27.63.

The stock last ended the trading session at $116.17 and registered a market cap of $11.65B. 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. SL Green Realty Corporation (NYSE:SLG) PEG ratio is at 3.04.

1 Chart Pattern Every Investor Should Know

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