Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $69.95 on Equity Residential (NYSE:EQR) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.08 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 Residential (NYSE:EQR) stands at 5.99.
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 Residential Common Share, the PEG ratio for coming 3-5 years is 24.64.
The technical analysis highlights that Equity Residential Common Share current is trading $0.17 points away or +0.25% from its 50-day moving average of $68.46. Further it is trading $-1.90 or -2.69% away its 200-day moving average of $70.53.
The 52-week high of Equity Residential (NYSE:EQR) was $82.39 while lowest point recorded in 52-week was $61.90. It implies if stock price makes a movement of over $-13.76, it will record a new 52-week high. In the case of +10.87% drop, it will touch a new 52-week low.
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