Eastgroup Properties, Inc. (EGP) Stock Forecast & Predictions

Eastgroup Properties, Inc. EGP: $151.91

400 W Parkway Pl Ste 100, Ridgeland, Mississippi, US. | Sector: Finance and Insurance | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: https://www.eastgroup.net/

  • Market Cap$6.08B
  • Change (52 Weeks)44.80%
  • Low (52 Weeks)$92.15
  • Eastgroup Properties, Inc. (EGP) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 25.00% on Sell, and 43.75% Neutral.

    According to the market data, Eastgroup Properties, Inc. (EGP) stock price is $151.91 and the 52 weeks low is $92.15, which means the Eastgroup Properties, Inc. stock price is up 44.80% in the last 12 months.

    Eastgroup Properties, Inc. (EGP) Stock Price is not Trending currently as per the Weekly Chart, which means the price may range between specific high and low levels for the next few months, unless some significant changes take place in the market performance or news.

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that EGP Stock price might rise further, 25.00% indicating that EGP Stock price might fall, and 43.75% are in a neutral position.

    Based on these technical algorithms, overall EGP stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Eastgroup Properties, Inc. (EGP) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Eastgroup Properties, Inc. (EGP) is based on 19 Institutional Analyst Ratings where 15.79% are on Strong Buy, 15.79% on Moderate Buy, 63.16% remains on Hold, 0.00% are on Moderate Sell and 5.26% are on Strong Sell.

    Out of 19 Institutional Analysts, majority recommended EGP stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Eastgroup Properties, Inc..

    Eastgroup Properties, Inc. (EGP) Stock Price Prediction By Analysts


    HighLowAverage
    $174.30$132.31$151.27
    $151.270.42% Downside
    Updated: 2021-04-12 00:00:00

    The Average Price target for EGP set by the institutional analysts is $151.27 where High Estimate is $174.30, Median $147.9 and Low $132.31.

    The average price target for EGP by Institutional Analysts is $151.27, which is 0.42% Downside from the current price. So according to the Institutional Analysts, EGP Stock might be a bit overvalued at this stage and there’s potential for downside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Eastgroup Properties, Inc. (EGP) Stock Forecast Based on News Sentiment


    Bullish
    Based on 2 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about EGP, it shows that Eastgroup Properties, Inc. had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that EGP stock price may surge in the next few weeks.

    Eastgroup Properties, Inc. (EGP) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    BTIGBuyMaintained
    Wells FargoEqual-WeightMaintained
    BTIGBuyUpgraded
    BairdNeutralInitiated
    CitigroupNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    RBC CapitalSector PerformMaintained
    Piper SandlerOverweightMaintained
    CitigroupNeutralMaintained
    RBC CapitalSector PerformInitiated
    Morgan StanleyEqual-WeightMaintained
    SunTrust Robinson HumphreyHoldMaintained
    Morgan StanleyEqual-WeightMaintained
    SunTrust Robinson HumphreyHoldMaintained
    Morgan StanleyEqual-WeightMaintained
    CitigroupNeutralMaintained
    SunTrust Robinson HumphreyHoldMaintained
    Morgan StanleyEqual-WeightMaintained
    Evercore ISI GroupIn-LineUpgraded
    SunTrust Robinson HumphreyHoldMaintained
    Morgan StanleyEqual-WeightMaintained
    JefferiesHoldInitiated
    CitigroupNeutralMaintained
    Wells FargoMarket PerformMaintained
    CitigroupNeutralMaintained
    Bank of AmericaBuyMaintained
    Stifel NicolausBuyUpgraded
    SunTrust Robinson HumphreyHoldUpgraded
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    Bank of AmericaBuyMaintained
    CitigroupNeutralMaintained
    CitigroupNeutralMaintained
    MizuhoNeutralDowngraded
    Cantor FitzgeraldNeutralMaintained
    Bank of AmericaBuyUpgraded
    Morgan StanleyEqual-WeightUpgraded
    Raymond JamesMarket PerformDowngraded
    CitigroupNeutralDowngraded
    Cantor FitzgeraldHoldUpgraded
    MizuhoBuyInitiated
    BTIG ResearchNeutralInitiated
    Stifel NicolausHoldDowngraded
    Sandler O'NeillHoldDowngraded
    KeyBancSector WeightUpgraded
    CitigroupBuyMaintained
    Stifel NicolausBuyUpgraded
    Evercore ISI GroupHoldMaintained
    Credit SuisseNeutralDowngraded
    Stifel NicolausHoldUpgraded
    CitigroupBuyUpgraded
    DA DavidsonNeutralInitiated
    Goldman SachsNeutralDowngraded
    Credit SuisseNeutralUpgraded
    KeyBancUnderweightDowngraded
    StifelSellDowngraded
    Goldman SachsBuyInitiated
    CitigroupNeutralMaintained
    Stifel NicolausHoldDowngraded
    CitigroupNeutralMaintained
    Stifel NicolausBuyUpgraded
    SunTrust Robinson HumphreyReduceDowngraded
    ISI GroupNeutralInitiated
    BMO CapitalMarket PerformMaintained
    SunTrust Robinson HumphreyNeutralInitiated
    SunTrust Robinson HumphreyNeutralInitiated
    Sandler O'NeillBuyUpgraded
    Morgan StanleyOverweightUpgraded
    BMO CapitalMarket PerformMaintained
    KeyBancHoldDowngraded
    CitigroupNeutralMaintained
    Cantor FitzgeraldSellMaintained
    WunderlichHoldDowngraded
    WunderlichBuyMaintained
    Stifel NicolausHoldInitiated
    WunderlichBuyMaintained

    Eastgroup Properties, Inc. (EGP) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.632
    The average consensus EPS for EGP is $0.632 with a high estimate of $0.693 and Low of $0.598 for the period 2021-06-30 and based on 8 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.62$0.70363672020-09-30


    The latest average Earning Per Share Estimate for Eastgroup Properties, Inc. is $0.63, which is higher than EGP's last EPS, $0.62. This means that Analysts are expecting Eastgroup Properties, Inc. to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of Eastgroup Properties, Inc..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.62$0.70363672020-09-30
    $0.6$0.6388252020-06-30
    $0.6$0.5681252020-03-31
    $1.29$0.57572019-12-31
    $0.6$0.54203672019-09-30
    $0.73$0.55886332019-06-30
    $0.62$0.53193669999999992019-03-31
    $0.51$0.549442018-12-31
    $0.64$0.5052018-09-30
    $0.49$0.49492018-06-30
    $0.53$0.48482018-03-31
    $0.51$0.49492017-12-31
    $0.46$0.474699999999999962017-09-30
    $1.08$0.4519752017-06-30
    $0.38$0.3560252017-03-31
    $0.46$0.4721752016-12-31
    $0.45$0.45452016-09-30
    $1.35$0.409052016-06-30
    $0.67$0.35352016-03-31
    $0.35$0.376732015-12-31
    $0.37$0.37807332015-09-30
    $0.36$0.349462015-06-30
    $0.31$0.31242332015-03-31
    $0.4$0.371478000000000032014-12-31
    $0.56$0.340875000000000042014-09-30
    $0.29$0.31312014-06-30
    $0.27$0.280275000000000052014-03-31
    $0.28$0.297952013-12-31
    $0.28$0.280275000000000052013-09-30
    $0.25$0.26262013-06-30
    $0.24$0.26262013-03-31
    $0.26$0.25586332012-12-31
    $0.23$0.2348252012-09-30
    $0.21$0.224222012-06-30
    $0.19$0.23348172012-03-31
    $0.24$0.23301712011-12-31
    $0.21$0.20970632011-09-30
    $0.2$0.188294300000000032011-06-30
    $0.18$0.1563482011-03-31
    $0.18$0.16126672010-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).