Simon Property Group (NYSE:SPG) Target Raised by Stifel Nicolaus to $75.00

0
22
Fund investment / portfolio management for long term sustainable growth concept : Investor pours water from watering can, sprout on rows of rising coins, depicts money gain from financial investment.

Simon Property Group stock has undergone multiple analysts rating changes in the recent past.  Simon Property Group stock Target Raised by   Stifel Nicolaus on 6/30/2020. In a note to investors, the firm issued a new target price of $75.00. The analysts previously had $70.00 target price. Stifel Nicolaus’s price target would indicate a potential upside of 10.08% from the stock’s previous close.

Shares of Simon Property Group traded up $0.63 on Tuesday, reaching $68.76. 6404211 shares of the stock traded hands, compared to its average volume of 10413579. Shares of were trading at $68.76 on Tuesday. The firm’s 50 day moving average is $$64.23 and its 200 day moving average is $113.34.Simon Property Group  has a 12 month low of $67.75 and a 12 month high of $165.48. While on yearly highs and lows, Simon Property Group today has traded high as $71.50 and has touched $67.75 on the downward trend.

Simon Property Group Earnings and What to expect: 

Simon Property Group last announced its quarterly earnings results on May 11th, 2020. The real estate investment trust reported $1.43 earnings per share for the quarter, missing the consensus estimate of $2.90 by $1.47. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.33 billion. Its quarterly revenue was down 6.9% on a year-over-year basis. Simon Property Group has generated $12.04 earnings per share over the last year and currently has a price-to-earnings ratio of 10.7. Simon Property Group has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, July 29th, 2020 based off prior year’s report dates.

Earnings for Simon Property Group are expected to grow by 2.61% in the coming year, from $10.72 to $11.00 per share. The P/E ratio of Simon Property Group is 10.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.26. The P/E ratio of Simon Property Group is 10.75, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.17. Simon Property Group has a PEG Ratio of 1.16. PEG Ratios above 1 indicate that a company could be overvalued. Simon Property Group has a P/B Ratio of 7.76. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 8.93%
  • On 5/15/2020 Director Glyn Aeppel Buy 1,000 at average share price of $50.50 which equates to $50,500.00 in money value.
  • On 3/19/2020 Director Larry C. Glasscock Buy 10,000 at average price of  $58.98 with total value of : Not Data Available
  • On 3/18/2020 Chairman Herbert Simon Buy 188,572 at average price of  $52.68 with total value of : $9,933,972.96
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Simon Property Group

  • 6/18/2020 – Simon Property Group had its price target lowered by analysts at JPMorgan Chase & Co. from $145.00 to $90.00. They now have a “neutral” rating on the stock.
  • 6/12/2020 – Simon Property Group had its “buy” rating re-affirmed by analysts at BTIG Research. They now have a $99.00 price target on the stock.
  • 6/11/2020 – Simon Property Group had its price target raised by analysts at Deutsche Bank AG from $97.00 to $100.00. They now have a “buy” rating on the stock.
  • 6/11/2020 – Simon Property Group was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating.
  • See More Analyst Rating at: RATING

Other rating updates by Stifel Nicolaus: 

  • 6/30/2020 – Archer Daniels Midland had its price target lowered by analysts at Stifel Nicolaus from $48.00 to $47.00. They now have a “buy” rating on the stock.
  • 6/30/2020 – Atlas Air Worldwide had its price target raised by analysts at Stifel Nicolaus from $50.00 to $51.00. They now have a “buy” rating on the stock.
  • 6/30/2020 – Boston Properties had its price target lowered by analysts at Stifel Nicolaus from $115.00 to $110.00. They now have a “buy” rating on the stock.
  • 6/30/2020 – Harsco had its price target raised by analysts at Stifel Nicolaus from $16.00 to $20.00. They now have a “buy” rating on the stock.
  • See More Analyst Rating at: RATING

Simon Property Group (NYSE:SPG) Moving Average Technical Analysis

5 day Moving Average is $$65.79 And 5 day price change is -$1.25 (-1.78%)  with average volume for 5 day average is 8,595,829. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $73.92 and 20 day price change is $5.43 (8.56%) and average 20 day moving volume is 11,604,313. 50 day moving average is $64.23  and 50 day price change is $15.05 ( 27.96%)  and with average volume for 50 days is : 9,781,241. 200 day moving average is $113.34  and 200 day price change is -$85.05 (-55.25%)  and with average volume for 200 days is : 4,707,542.

See More Analyst Rating at: RATING