Equity One Given Consensus Rating of “Hold” by Brokerages (NYSE:EQY)
Shares of Equity One (NYSE:EQY) have been given a consensus recommendation of “Hold” by the ten analysts that are presently covering the company, American Banking News reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $24.00.
Shares of Equity One (NYSE:EQY) traded up 0.39% during mid-day trading on Thursday, hitting $23.03. 28,082 shares of the company’s stock traded hands. Equity One has a 52-week low of $20.71 and a 52-week high of $24.99. The stock has a 50-day moving average of $23.74 and a 200-day moving average of $22.93. The company has a market cap of $2.717 billion and a P/E ratio of 64.62.
Equity One (NYSE:EQY) last announced its earnings results on Wednesday, July 30th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.30 by $0.02. The company had revenue of $87.40 million for the quarter, compared to the consensus estimate of $88.40 million. During the same quarter last year, the company posted $0.31 earnings per share. Equity One’s revenue was up 7.0% compared to the same quarter last year. Analysts expect that Equity One will post $1.27 EPS for the current fiscal year.
A number of research firms have recently commented on EQY. Analysts at Cowen and Company raised their price target on shares of Equity One from $23.50 to $24.00 in a research note on Tuesday, July 29th. Separately, analysts at Barclays raised their price target on shares of Equity One from $21.00 to $23.00 in a research note on Monday, July 21st. They now have an “underweight” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Equity One from $23.00 to $24.00 in a research note on Thursday, July 17th. They now have a “hold” rating on the stock.
Equity One, Inc is a real estate investment trust (NYSE:EQY), which owns, manages, acquires, develops and redevelops shopping centers and retail properties located primarily in supply constrained suburban and urban communities.
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