The Short-term Rise and Fall of Phillips Edison & Company Inc (PECO) Stock

Phillips Edison & Company Inc [PECO] stock is trading at $37.08, up 0.73%. An important factor to consider is whether the stock is rising or falling in short-term value. The PECO shares have gain 0.73% over the last week, with a monthly amount glided 9.35%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Phillips Edison & Company Inc [NASDAQ: PECO] stock has seen the most recent analyst activity on August 28, 2024, when Wells Fargo upgraded its rating to a Equal Weight and also boosted its price target to $37 from $34. Previously, Mizuho upgraded its rating to Buy on February 23, 2024, and elevated its price target to $37. On January 30, 2024, Deutsche Bank initiated with a Buy rating and assigned a price target of $41 on the stock. Wells Fargo downgraded its rating to a Underweight but stick to its price target of $35 on September 20, 2023. Wolfe Research downgraded its rating to a Peer Perform. Wells Fargo started tracking with a Equal Weight rating for this stock on May 24, 2023, and assigned it a price target of $31.

Phillips Edison & Company Inc [PECO] stock has fluctuated between $30.62 and $37.92 over the past year. Currently, Wall Street analysts expect the stock to reach $35.75 within the next 12 months. Phillips Edison & Company Inc [NASDAQ: PECO] shares were valued at $37.08 at the most recent close of the market. An investor can expect a potential drop of -3.59% based on the average PECO price forecast.

Analyzing the PECO fundamentals

Phillips Edison & Company Inc [NASDAQ:PECO] reported sales of 634.47M for the trailing twelve months, which represents a growth of 6.27%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.26%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.92.

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 36.79 points at the first support level, and at 36.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.36, and for the 2nd resistance point, it is at 37.63.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 7.16, the price to book ratio is 1.99 and price to earnings (TTM) ratio is 78.51.

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