Why Sovran Self Storage, Inc. (NYSE:SSS) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $106.83 on Sovran Self Storage, Inc. (NYSE:SSS) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.35 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 Sovran Self Storage, Inc. (NYSE:SSS) stands at 26.42.

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 Sovran Self Storage, Inc. Commo, the PEG ratio for coming 3-5 years is 0.00.

Technical Analysis

The technical analysis highlights that Sovran Self Storage, Inc. Commo current is trading $-10.04 points away or -9.82% from its 50-day moving average of $102.25. Further it is trading $-15.39 or -14.30% away its 200-day moving average of $107.60.

The 52-week high of Sovran Self Storage, Inc. (NYSE:SSS) was $118.18 while lowest point recorded in 52-week was $85.69. It implies if stock price makes a movement of over $-25.97, it will record a new 52-week high. In the case of +7.61% drop, it will touch a new 52-week low.

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