With 1.88 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.91 million shares. The 52-week range on SPG shows that it touched its highest point at $190.13 and its lowest point at $136.34 during that stretch. It currently has a 1-year price target of $185.62. With its current market cap of 59.57 billion, SPG has annualized dividend of $8.21 while the current yield stands at 5.20%. Beta for the stock currently stands at 1.49.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SPG was down-trending over the past week, with a drop of -3.12%, but this was up by 3.05% over a month. Three-month performance dropped to -14.06% while six-month performance fell -12.66%. The stock gained 7.94% in the past year, while it has lost -8.28% so far this year. A look at the trailing 12-month EPS for SPG yields 6.69 with Next year EPS estimates of 6.85. For the next quarter, that number is 1.55. This implies an EPS growth rate of -10.54% for this year and 5.45% for next year. EPS is expected to decline by -1.38% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 2.13%.
Float and Shares Shorts:
At present, 326.42 million SPG shares are outstanding with a float of 323.59 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SPG since 9 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $7.13869 being high and $7.02766 being low. For SPG, this leads to a yearly average estimate of $7.06097.
