At the time of writing, SL Green Realty Corp. [SLG] stock is trading at $63.49, up 2.87%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SLG shares have gain 13.62% over the last week, with a monthly amount glided 14.25%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
SL Green Realty Corp. [NYSE: SLG] stock has seen the most recent analyst activity on July 09, 2024, when Scotiabank upgraded its rating to a Sector Perform and also boosted its price target to $53 from $43. Previously, BMO Capital Markets upgraded its rating to Outperform on April 18, 2024, and elevated its price target to $58. On March 27, 2024, upgrade upgraded it’s rating to Equal Weight and revised its price target to $48 on the stock. Evercore ISI downgraded its rating to a Underperform but stick to its price target of $44 on March 18, 2024. Deutsche Bank initiated its recommendation with a Hold and recommended $50 as its price target on January 30, 2024. Truist downgraded its rating to Hold for this stock on January 16, 2024, and upped its price target to $47. In a note dated September 26, 2023, Compass Point initiated an Sell rating and provided a target price of $27 on this stock.
For the past year, the stock price of SL Green Realty Corp. fluctuated between $28.55 and $63.06. Currently, Wall Street analysts expect the stock to reach $64.41 within the next 12 months. SL Green Realty Corp. [NYSE: SLG] shares were valued at $63.49 at the most recent close of the market. An investor can expect a potential return of 1.45% based on the average SLG price forecast.
Analyzing the SLG fundamentals
According to SL Green Realty Corp. [NYSE:SLG], the company’s sales were 844.37M for trailing twelve months, which represents an -13.10% plunge. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at -0.26%, Pretax Profit Margin comes in at -0.68%, and Net Profit Margin reading is -0.93%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.18 and Total Capital is -0.02. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.14.
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 62.49 points at the first support level, and at 61.50 for the second support level. However, for the 1st resistance point, the stock is sitting at 64.06, and for the 2nd resistance point, it is at 64.64.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 4.87, the price to book ratio is 1.17.
Transactions by insiders
Recent insider trading involved Brown Carol N, Director, that happened on Feb 09 ’24 when 5118.0 shares were sold. Director, ATKINS BETSY S completed a deal on Jan 26 ’24 to sell 9894.0 shares. Meanwhile, Director HATKOFF CRAIG M sold 5100.0 shares on Jan 26 ’24.
