Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $78.40 on Equity Lifestyle Properties, Inc. (NYSE:ELS) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.30 for the next fiscal and $N/A for underway quarter.
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 Equity Lifestyle Properties, Inc. (NYSE:ELS) stands at 41.98.
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 Equity Lifestyle Properties, In, the PEG ratio for coming 3-5 years is 4.80.
The technical analysis highlights that Equity Lifestyle Properties, In current is trading $-2.10 points away or -2.63% from its 50-day moving average of $79.88. Further it is trading $3.29 or +4.41% away its 200-day moving average of $74.49.
The 52-week high of Equity Lifestyle Properties, Inc. (NYSE:ELS) was $83.19 while lowest point recorded in 52-week was $53.82. It implies if stock price makes a movement of over $-5.41, it will record a new 52-week high. In the case of +44.52% drop, it will touch a new 52-week low.
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