Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $242.04 on Essex Property Trust, Inc. (NYSE:ESS) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $11.01 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 Essex Property Trust, Inc. (NYSE:ESS) stands at 54.67.
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 Essex Property Trust, Inc. Comm, the PEG ratio for coming 3-5 years is 2.67.
The technical analysis highlights that Essex Property Trust, Inc. Comm current is trading $-1.64 points away or -0.71% from its 50-day moving average of $229.00. Further it is trading $5.16 or +2.32% away its 200-day moving average of $222.20.
The 52-week high of Essex Property Trust, Inc. (NYSE:ESS) was $244.71 while lowest point recorded in 52-week was $191.25. It implies if stock price makes a movement of over $-17.35, it will record a new 52-week high. In the case of +18.88% drop, it will touch a new 52-week low.
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