Simon Property Group, Inc. [SPG] stock prices are up 0.42% to $140.94 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SPG shares have lost -3.17% over the last week, with a monthly amount drifted -7.25%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Simon Property Group, Inc. [NYSE: SPG] stock has seen the most recent analyst activity on December 21, 2023, when Morgan Stanley downgraded its rating to a Equal-Weight and also boosted its price target to $143 from $132. Previously, Evercore ISI downgraded its rating to In-line on August 03, 2023, and dropped its price target to $129. On July 06, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $127 on the stock. Wolfe Research initiated its recommendation with a Peer Perform. Jefferies downgraded its rating to Hold for this stock on June 30, 2022, but kept the price target unchanged to $100. In a note dated September 22, 2021, Argus upgraded an Buy rating on this stock but restated the target price of $142.
The stock price of Simon Property Group, Inc. [SPG] has been fluctuating between $100.17 and $157.82 over the past year. Currently, Wall Street analysts expect the stock to reach $162.45 within the next 12 months. Simon Property Group, Inc. [NYSE: SPG] shares were valued at $140.94 at the most recent close of the market. An investor can expect a potential return of 15.26% based on the average SPG price forecast.
Analyzing the SPG fundamentals
The Simon Property Group, Inc. [NYSE:SPG] reported sales of 5.66B for trailing twelve months, representing a surge of 9.05%. Gross Profit Margin for this corporation currently stands at 0.83% with Operating Profit Margin at 0.5%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.52 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 9.59.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 139.98 points at the first support level, and at 139.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 142.04, and for the 2nd resistance point, it is at 143.15.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 8.12, the price to book ratio is 15.41 and price to earnings (TTM) ratio is 20.28.
Transactions by insiders
Recent insider trading involved LEIBOWITZ REUBEN S, Director, that happened on Apr 01 ’24 when 438.0 shares were purchased. Director, HUBBARD ALLAN B completed a deal on Apr 01 ’24 to buy 357.0 shares. Meanwhile, Director GLASSCOCK LARRY C bought 321.0 shares on Apr 01 ’24.
