Shares Worth Watching: EastGroup Properties, Inc. (NYSE:EGP)

During the most recent trading session, shares of EastGroup Properties, Inc. (NYSE:EGP) ended up with a move of -0.38%. Sell-side analysts have given a consensus target price of $82.91 on company shares.

Individuals invest in order to get a return on the investment. Nobody enters the equity markets with the hope of losing money. Returns on investments may come in different forms. With any stock investment, there may be some level of risk involved. Understanding the risk is important and should be considered very carefully. Of course, the stock may go up and become a winner, or shares could sour and turn into losers. Returns in the stock market may often mimic the amount of risk. Generally speaking, the greater the risk, the greater the reward. With the greater chance of reward comes the greater chance of losses. Keeping a balanced and diversified portfolio can help manage the risk associated with investing in the stock market.

After a look at recent stock performance, shares have traded $0.04 off of the 50-day moving average of $84.23 and $5.82 off of the 200-day moving average of $78.45 . Shares have been recorded at -4.38% separated from the 52-week high of 88.13 and +31.69% away from the 52-week low of 63.99. Tracking the stock price in relation to moving averages as well as highs and lows for the year might assist with evaluating future stock performance.

Street analysts have the ability to employ multiple metrics to help calculate target price estimates. A common metric is a company’s P/E Ratio. This calculation is derived by dividing the current share price by the projected earnings per share. EastGroup Properties, Inc. presently has a P/E Ratio of 35.32. Investors may also monitor a company’s PEG or price to earnings growth ratio. The PEG ratio represents the ratio of the price to earnings to the anticipated future growth rate of the company. A PEG Ratio under one may indicate that the company is undervalued. If a company has a PEG Ratio above one, it may represent that the company is overvalued. A PEG Ratio near one might be seen as fair value. The company has a current PEG Ratio of 5.50 .

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