A share price of Broadstone Net Lease Inc [BNL] is currently trading at $18.61, down -0.37%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The BNL shares have gain 2.99% over the last week, with a monthly amount drifted -0.85%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
On April 09, 2024, downgrade downgraded it’s rating to Peer Perform. Goldman started tracking the stock assigning a Sell rating and suggested a price target of $14 on March 07, 2024. JP Morgan upgraded its rating to a Overweight but $19 remained the price target by the analyst firm on December 18, 2023. Wolfe Research upgraded its rating to Outperform for this stock on October 18, 2023, but kept the price target unchanged to $17. In a note dated September 21, 2023, JMP Securities initiated an Mkt Perform rating.
Broadstone Net Lease Inc experienced fluctuations in its stock price throughout the past year between $13.68 and $19.15. Currently, Wall Street analysts expect the stock to reach $18 within the next 12 months. Broadstone Net Lease Inc [NYSE: BNL] shares were valued at $18.61 at the most recent close of the market. An investor can expect a potential drop of -3.28% based on the average BNL price forecast.
Analyzing the BNL fundamentals
Trailing Twelve Months sales for Broadstone Net Lease Inc [NYSE:BNL] were 435.57M which represents -2.42% decline. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.85%, Pretax Profit Margin comes in at 0.37%, and Net Profit Margin reading is 0.36%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.05 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.62.
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 18.44 points at the first support level, and at 18.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 18.71, and for the 2nd resistance point, it is at 18.81.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 8.05, the price to book ratio is 1.15 and price to earnings (TTM) ratio is 22.45.
Transactions by insiders
Recent insider trading involved Wiegel Molly, SVP – Human Resources & Admin, that happened on May 14 ’24 when 6320.0 shares were sold. Director, NARASIMHAN SHEKAR completed a deal on Feb 27 ’24 to buy 5000.0 shares. Meanwhile, Director COKE MICHAEL A bought 10000.0 shares on Feb 26 ’24.
