EastGroup Properties, Inc. (EGP)
NYSE: EGP · Real-Time Price · USD
169.80
+8.39 (5.20%)
Jan 21, 2025, 4:00 PM EST - Market closed
EastGroup Properties Stock Forecast
Stock Price Forecast
The 15 analysts with 12-month price forecasts for EGP stock have an average target of 192.27, with a low estimate of 175 and a high estimate of 209. The average target predicts an increase of 13.23% from the current stock price of 169.80.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for EGP stock from 15 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 1 | 2 |
| Buy | 7 | 9 | 8 | 8 | 8 | 8 |
| Hold | 7 | 5 | 5 | 5 | 5 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 14 | 13 | 13 | 14 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Deutsche Bank | Deutsche Bank | Strong Buy Initiates $180 | Strong Buy | Initiates | $180 | +6.01% | Jan 14, 2025 |
| Morgan Stanley | Morgan Stanley | Hold Maintains $186 → $180 | Hold | Maintains | $186 → $180 | +6.01% | Dec 30, 2024 |
| Raymond James | Raymond James | Buy → Strong Buy Upgrades $185 → $200 | Buy → Strong Buy | Upgrades | $185 → $200 | +17.79% | Dec 11, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $190 → $186 | Hold | Maintains | $190 → $186 | +9.54% | Nov 13, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $214 → $199 | Buy | Maintains | $214 → $199 | +17.20% | Nov 4, 2024 |
Financial Forecast
Revenue This Year
648.06M
Revenue Next Year
718.40M
from 648.06M
Increased by 10.85%
EPS This Year
4.69
from 4.42
Increased by 6.08%
EPS Next Year
4.86
from 4.69
Increased by 3.61%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 679.2M | 779.5M | 897.9M | |||
| Avg | 648.1M | 718.4M | 790.1M | |||
| Low | 624.6M | 660.5M | 695.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | - | 20.3% | 25.0% | |||
| Avg | - | 10.9% | 10.0% | |||
| Low | - | 1.9% | -3.1% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 4.90 | 5.13 | 5.67 | |||
| Avg | 4.69 | 4.86 | 5.39 | |||
| Low | 4.51 | 4.64 | 5.16 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 10.9% | 9.5% | 16.7% | |||
| Avg | 6.1% | 3.6% | 10.9% | |||
| Low | 2.0% | -1.1% | 6.3% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.