DDR Corp Receives Consensus Rating of “Buy” from Analysts (NYSE:DDR)
DDR Corp (NYSE:DDR) has been given an average rating of “Buy” by the thirteen brokerages that are currently covering the stock, AmericanBankingNews.com reports. Two analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $19.89.
DDR has been the subject of a number of recent research reports. Analysts at ISI Group raised their price target on shares of DDR Corp from $19.00 to $20.00 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of DDR Corp from $21.00 to $24.00 in a research note on Tuesday, July 22nd. Finally, analysts at Deutsche Bank raised their price target on shares of DDR Corp from $18.00 to $19.00 in a research note on Thursday, July 17th. They now have a “buy” rating on the stock.
DDR Corp (NYSE:DDR) opened at 17.96 on Tuesday. DDR Corp has a 52 week low of $14.89 and a 52 week high of $18.37. The stock has a 50-day moving average of $17.81 and a 200-day moving average of $17.13. The company has a market cap of $6.426 billion and a price-to-earnings ratio of 169.43.
DDR Corp (NYSE:DDR) last announced its earnings results on Wednesday, July 30th. The company reported $0.28 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $245.78 million for the quarter, compared to the consensus estimate of $246.16 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. On average, analysts predict that DDR Corp will post $1.16 earnings per share for the current fiscal year.
DDR Corp. (NYSE:DDR) is an owner and manager of 396 shopping centers representing 108 million square feet in 39 states and Puerto Rico.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.