A share price of Eastgroup Properties, Inc [EGP] is currently trading at $164.30, up 1.87%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The EGP shares have gain 3.52% over the last week, with a monthly amount drifted -4.06%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Eastgroup Properties, Inc [NYSE: EGP] stock has seen the most recent analyst activity on January 14, 2025, when Deutsche Bank initiated its Buy rating and assigned the stock a price target of $180. Previously, Jefferies upgraded its rating to Buy on January 02, 2025, and elevated its price target to $194. On December 17, 2024, downgrade downgraded it’s rating to Sector Weight. Raymond James upgraded its rating to a Strong Buy and increased its price target to $200 on December 11, 2024. Evercore ISI upgraded its rating to a Outperform and raised its price target to $204 on September 16, 2024. Mizuho upgraded its rating to Outperform for this stock on September 05, 2024, and upped its price target to $200. In a note dated August 28, 2024, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $179 to $214.
Eastgroup Properties, Inc experienced fluctuations in its stock price throughout the past year between $155.10 and $192.61. Currently, Wall Street analysts expect the stock to reach $201.67 within the next 12 months. Eastgroup Properties, Inc [NYSE: EGP] shares were valued at $164.30 at the most recent close of the market. An investor can expect a potential return of 22.74% based on the average EGP price forecast.
Analyzing the EGP fundamentals
Trailing Twelve Months sales for Eastgroup Properties, Inc [NYSE:EGP] were 628.19M which represents 11.58% growth. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.4%, Pretax Profit Margin comes in at 0.37%, and Net Profit Margin reading is 0.37%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.09 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.58.
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 161.79 points at the first support level, and at 159.29 for the second support level. However, for the 1st resistance point, the stock is sitting at 165.58, and for the 2nd resistance point, it is at 166.87.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 12.95, the price to book ratio is 2.85 and price to earnings (TTM) ratio is 33.92.
Transactions by insiders
Recent insider trading involved WOOD BRENT, Executive Vice President & CFO, that happened on Sep 12 ’24 when 1670.0 shares were sold. Senior Vice President, Dunbar Richard Reid completed a deal on Sep 12 ’24 to sell 1650.0 shares. Meanwhile, Officer RICHARD REID DUNBAR bought 1650.0 shares on Sep 12 ’24.
