Why Kimco Realty Corporation (NYSE:KIM) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $31.58 on Kimco Realty Corporation (NYSE:KIM) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.39 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 Kimco Realty Corporation (NYSE:KIM) stands at 16.90.

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 Kimco Realty Corporation Common, the PEG ratio for coming 3-5 years is 3.65.

Technical Analysis

The technical analysis highlights that Kimco Realty Corporation Common current is trading $-0.59 points away or -1.90% from its 50-day moving average of $30.75. Further it is trading $0.98 or +3.36% away its 200-day moving average of $29.18.

The 52-week high of Kimco Realty Corporation (NYSE:KIM) was $32.24 while lowest point recorded in 52-week was $22.12. It implies if stock price makes a movement of over $-2.08, it will record a new 52-week high. In the case of +36.35% drop, it will touch a new 52-week low.

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