Why Highwoods Properties, Inc. (NYSE:HIW) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $55.22 on Highwoods Properties, Inc. (NYSE:HIW) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $3.26 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 Highwoods Properties, Inc. (NYSE:HIW) stands at 9.98.

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 Highwoods Properties, Inc. Comm, the PEG ratio for coming 3-5 years is 5.25.

Technical Analysis

The technical analysis highlights that Highwoods Properties, Inc. Comm current is trading $-0.47 points away or -0.87% from its 50-day moving average of $53.89. Further it is trading $3.97 or +8.03% away its 200-day moving average of $49.45.

The 52-week high of Highwoods Properties, Inc. (NYSE:HIW) was $56.23 while lowest point recorded in 52-week was $36.94. It implies if stock price makes a movement of over $-2.81, it will record a new 52-week high. In the case of +44.61% drop, it will touch a new 52-week low.

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