Paramount Group Inc. [PGRE] has traded in a range of $6.42 to $15.00 in the last 1 year. As of this writing, the stock is at $6.99, down -6.05%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, PGRE shares are -4.51% down with the monthly amount drift of -4.64% and seems bad in a long time frame.

On 8, October 2020, Paramount Announces Release Date for Third Quarter 2020 Results. According to news published on Yahoo Finance, Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it will file its quarterly report on Form 10-Q for the quarter ended September 30, 2020 with the U.S. Securities and Exchange Commission and release its third quarter 2020 financial results on Wednesday, October 28, 2020 after the end of trading on the New York Stock Exchange.

Analyst Birdseye View:

The most recent analyst activity for Paramount Group Inc. [NYSE:PGRE] stock was on April 02, 2020, when it was Upgrade with a Neutral rating from Goldman, which also raised its 12-month price target on the stock to $9. Before that, on July 20, 2020, Deutsche Bank Recapitulated a Hold rating and elevated its amount target to $9. On February 04, 2020, Mizuho Resumed a Neutral rating and boosted its price target on this stock to $15. On January 06, 2020, BTIG Research Upgrade a Buy rating and increased its price target to $17. On November 08, 2019, Goldman Initiated a Sell rating and increased its price target to $13. On October 11, 2019, Morgan Stanley Upgrade an Overweight rating and boosted its amount on this stock to $15. On April 01, 2019, Evercore ISI Upgrade an Outperform rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $6.42 and a peak of $15.00. Right now, the middling Wall Street analyst 12-month amount mark is $9.00. At the most recent market close, shares of Paramount Group Inc. [NYSE:PGRE] were valued at $6.99. According to the average price forecast, investors can expect a potential return of -13.22%.

FUNDAMENTAL ANALYSIS

Paramount Group Inc. [NYSE:PGRE] most recently reported quarterly sales of 172.35 billion, which represented growth of -5.60%. This publicly-traded organization’s revenue is $2,376,066 per employee, while its income is -$116,625 per employee. This company’s Gross Margin is currently 63.70%, its Operating Margin is 15.40%, its Pretax Margin is -3.89, and its Net Margin is -4.91. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at -0.42, -0.95, 0.26 and -0.49 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 50.26 and the whole liability to whole assets at 43.79. It shows enduring liability to the whole principal at 50.26 and enduring liability to assets at 0.44 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 6.83 points at 1st support level, the second support level is making up to 6.68. But as of 1st resistance point, this stock is sitting at 7.25 and at 7.52 for 2nd resistance point.

Paramount Group Inc. [PGRE] reported its earnings at -$0.03 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.01/share signifying the difference of -0.04 and -400.00% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.01 calling estimates for $0.02/share with the difference of -0.01 depicting the surprise of -50.00%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 4.28 and it’s amount to book ratio is 0.84.

Insider Stories

The most recent insider trade was by Otto-Bernstein Katharina, Director, and it was the purchase of 0.11 million shares on Mar 13. Otto-Bernstein Katharina, the Director, completed a purchase of 33363.0 shares on Nov 27. On Nov 27, Otto Maren, 10% Owner, completed a sale of 5663.0 shares.