EastGroup Properties, Inc. (EGP)
NYSE: EGP · Real-Time Price · USD
161.44
+2.70 (1.70%)
Dec 20, 2024, 4:00 PM EST - Market closed
EastGroup Properties Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for EGP stock have an average target of 193.57, with a low estimate of 175 and a high estimate of 209. The average target predicts an increase of 19.90% from the current stock price of 161.44.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for EGP stock from 14 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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 1 |
| Buy | 6 | 7 | 9 | 8 | 8 | 8 |
| Hold | 8 | 7 | 5 | 5 | 5 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 14 | 14 | 13 | 13 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Raymond James | Raymond James | Buy → Strong Buy Upgrades $185 → $200 | Buy → Strong Buy | Upgrades | $185 → $200 | +23.89% | Dec 11, 2024 |
| Truist Securities | Truist Securities | Hold Maintains $190 → $186 | Hold | Maintains | $190 → $186 | +15.21% | Nov 13, 2024 |
| Wells Fargo | Wells Fargo | Buy Maintains $214 → $199 | Buy | Maintains | $214 → $199 | +23.27% | Nov 4, 2024 |
| RBC Capital | RBC Capital | Hold Reiterates $186 | Hold | Reiterates | $186 | +15.21% | Oct 30, 2024 |
| Wedbush | Wedbush | Buy Reiterates $209 | Buy | Reiterates | $209 | +29.46% | Oct 25, 2024 |
Financial Forecast
Revenue This Year
647.91M
Revenue Next Year
719.22M
from 647.91M
Increased by 11.01%
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 | 647.9M | 719.2M | 794.3M | |||
| Low | 624.6M | 660.5M | 695.8M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | - | 20.3% | 24.8% | |||
| Avg | - | 11.0% | 10.4% | |||
| Low | - | 1.9% | -3.3% |
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.