At the time of writing, Veris Residential Inc [VRE] stock is trading at $16.20, up 1.25%. An important factor to consider is whether the stock is rising or falling in short-term value. The VRE shares have gain 1.38% over the last week, with a monthly amount glided 3.12%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Veris Residential Inc [NYSE: VRE] stock has seen the most recent analyst activity on December 17, 2024, when JP Morgan upgraded its rating to a Neutral and also boosted its price target to $17 from $14. Previously, BofA Securities upgraded its rating to Buy on November 12, 2024, and elevated its price target to $23. Evercore ISI upgraded its rating to a Outperform and increased its price target to $19 on July 27, 2023. Deutsche Bank upgraded its rating to a Buy and raised its price target to $19 on May 16, 2023. BofA Securities upgraded its rating to Neutral for this stock on November 14, 2022, and upped its price target to $18.
For the past year, the stock price of Veris Residential Inc fluctuated between $13.73 and $18.85. Currently, Wall Street analysts expect the stock to reach $14 within the next 12 months. Veris Residential Inc [NYSE: VRE] shares were valued at $16.20 at the most recent close of the market. An investor can expect a potential drop of -13.58% based on the average VRE price forecast.
Analyzing the VRE fundamentals
According to Veris Residential Inc [NYSE:VRE], the company’s sales were 271.07M for trailing twelve months, which represents an -6.63% plunge. Gross Profit Margin for this corporation currently stands at 0.36% with Operating Profit Margin at 0.0%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.02 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.36.
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 15.38 points at the first support level, and at 14.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.90, and for the 2nd resistance point, it is at 17.59.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 5.55, the price to book ratio is 1.37.
Transactions by insiders
Recent insider trading involved Nia Mahbod, CHIEF EXECUTIVE OFFICER, that happened on Jun 20 ’24 when 35000.0 shares were purchased. Director, Lietz Nori Gerardo completed a deal on Jun 20 ’24 to buy 10000.0 shares.
