Why Camden Property Trust (NYSE:CPT) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $87.79 on Camden Property Trust (NYSE:CPT) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.55 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Camden Property Trust (NYSE:CPT) stands at 13.17.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Camden Property Trust Common St, the PEG ratio for coming 3-5 years is 5.42.

Technical Analysis

The technical analysis highlights that Camden Property Trust Common St current is trading $-2.00 points away or -2.29% from its 50-day moving average of $87.29. Further it is trading $1.17 or +1.39% away its 200-day moving average of $84.12.

The 52-week high of Camden Property Trust (NYSE:CPT) was $90.91 while lowest point recorded in 52-week was $67.27. It implies if stock price makes a movement of over $-5.62, it will record a new 52-week high. In the case of +26.79% drop, it will touch a new 52-week low.

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