Simon Property Group, Inc. [SPG] stock is trading at $174.63, up 1.72%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SPG shares have gain 4.43% over the last week, with a monthly amount glided 5.90%, and 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 September 16, 2024, when Evercore ISI upgraded its rating to a Outperform and also boosted its price target to $172 from $160. Previously, Stifel downgraded its rating to Hold on September 12, 2024, and elevated its price target to $159. On September 03, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $175 on the stock. Morgan Stanley downgraded its rating to a Equal-Weight and increased its price target to $143 on December 21, 2023. Evercore ISI downgraded its rating to a In-line and reduced its price target to $129 on August 03, 2023. Wolfe Research upgraded its rating to Outperform for this stock on July 06, 2023, but kept the price target unchanged to $127.
Simon Property Group, Inc. [SPG] stock has fluctuated between $104.05 and $172.28 over the past year. Currently, Wall Street analysts expect the stock to reach $166.25 within the next 12 months. Simon Property Group, Inc. [NYSE: SPG] shares were valued at $174.63 at the most recent close of the market. An investor can expect a potential drop of -4.8% based on the average SPG price forecast.
Analyzing the SPG fundamentals
Simon Property Group, Inc. [NYSE:SPG] reported sales of 5.84B for the trailing twelve months, which represents a growth of 6.47%. Gross Profit Margin for this corporation currently stands at 0.72% with Operating Profit Margin at 0.51%, Pretax Profit Margin comes in at 0.5%, and Net Profit Margin reading is 0.44%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.86 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of8.59.
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 172.19 points at the first support level, and at 169.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 176.89, and for the 2nd resistance point, it is at 179.14.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 9.75, the price to book ratio is 19.61 and price to earnings (TTM) ratio is 22.11.
Transactions by insiders
Recent insider trading involved HUBBARD ALLAN B, Director, that happened on Sep 30 ’24 when 370.0 shares were purchased. Director, STEWART MARTA R completed a deal on Sep 30 ’24 to buy 172.0 shares. Meanwhile, Director LEIBOWITZ REUBEN S bought 453.0 shares on Sep 30 ’24.
