W.P. Carey Cut to “Neutral” at Zacks (WPC)
W.P. Carey (NYSE:WPC) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Monday. They currently have a $72.60 price target on the stock. Zacks‘s price objective suggests a potential upside of 6.33% from the stock’s previous close.
W.P. Carey (NYSE:WPC) traded down 0.13% on Monday, hitting $68.28. The stock had a trading volume of 280,948 shares. W.P. Carey has a one year low of $55.23 and a one year high of $69.12. The stock has a 50-day moving average of $67.13 and a 200-day moving average of $63.62. The company has a market cap of $6.788 billion and a P/E ratio of 25.74.
W.P. Carey (NYSE:WPC) last released its earnings data on Tuesday, August 5th. The company reported $0.38 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.38. The company had revenue of $252.90 million for the quarter, compared to the consensus estimate of $154.36 million. On average, analysts predict that W.P. Carey will post $2.52 earnings per share for the current fiscal year.
W. P. Carey provides long-term, sale-leaseback and build-to-suit transactions for companies worldwide, and manages a global investment portfolio.
To view Zacks’ full report, visit Zacks’ official website.
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