SL Green Realty Corp. Price Target Increased to $101.50 by Analysts at Cowen and Company (SLG)
Equities research analysts at Cowen and Company lifted their price objective on shares of SL Green Realty Corp. (NYSE:SLG) from $87.00 to $101.50 in a research note issued to investors on Monday, StockRatingsNetwork.com reports. Cowen and Company’s price target points to a potential upside of 1.25% from the company’s current price.
SLG has been the subject of a number of other recent research reports. Analysts at Goldman Sachs initiated coverage on shares of SL Green Realty Corp. in a research note on Thursday, March 6th. They set a “neutral” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of SL Green Realty Corp. to $103.00 in a research note on Monday, February 3rd. Finally, analysts at TheStreet upgraded shares of SL Green Realty Corp. from a “hold” rating to a “buy” rating in a research note on Friday, January 31st. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $100.81.
Shares of SL Green Realty Corp. (NYSE:SLG) opened at 101.49 on Monday. SL Green Realty Corp. has a 52 week low of $83.00 and a 52 week high of $103.46. The stock has a 50-day moving average of $99.70 and a 200-day moving average of $94.69. The company has a market cap of $9.646 billion and a P/E ratio of 92.43.
SL Green Realty Corp. (NYSE:SLG) last announced its earnings results on Thursday, January 30th. The company reported $1.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.35 by $0.07. During the same quarter in the prior year, the company posted $1.16 earnings per share. On average, analysts predict that SL Green Realty Corp. will post $5.70 earnings per share for the current fiscal year.
SL Green Realty Corp., incorporated on June, 10, 1997, is a self-managed real estate investment trust (NYSE:SLG), with in-house capabilities in property management, acquisitions, financing, development, construction and leasing.
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