Phillips Edison & Company, Inc. (PECO)
NASDAQ: PECO · IEX Real-Time Price · USD
34.92
-0.32 (-0.91%)
At close: Jul 19, 2024, 4:00 PM
34.84
-0.08 (-0.23%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Phillips Edison & Company Stock Forecast
Stock Price Forecast
The 7 analysts with 12-month price forecasts for PECO stock have an average target of 37.43, with a low estimate of 33 and a high estimate of 44. The average target predicts an increase of 7.19% from the current stock price of 34.92.
Analyst Consensus: Buy
* Price targets were last updated on May 29, 2024.
Analyst Ratings
The average analyst rating for PECO stock from 7 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 3 | 3 | 3 |
| Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Hold | 3 | 3 | 4 | 4 | 4 | 3 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 7 | 8 | 8 | 7 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Deutsche Bank | Deutsche Bank | Strong Buy Maintains $41 → $38 | Strong Buy | Maintains | $41 → $38 | +8.82% | May 29, 2024 |
| Wells Fargo | Wells Fargo | Sell Maintains $35 → $34 | Sell | Maintains | $35 → $34 | -2.63% | May 28, 2024 |
| Mizuho | Mizuho | Strong Buy Maintains $37 → $33 | Strong Buy | Maintains | $37 → $33 | -5.50% | May 23, 2024 |
| Compass Point | Compass Point | Hold Maintains $39 → $36 | Hold | Maintains | $39 → $36 | +3.09% | Apr 29, 2024 |
| Mizuho | Mizuho | Hold → Strong Buy Upgrades $35 → $37 | Hold → Strong Buy | Upgrades | $35 → $37 | +5.96% | Feb 23, 2024 |
Financial Forecast
Revenue This Year
664.62M
from 610.12M
Increased by 8.93%
Revenue Next Year
707.15M
from 664.62M
Increased by 6.40%
EPS This Year
0.56
from 0.48
Increased by 15.81%
EPS Next Year
0.62
from 0.56
Increased by 12.39%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 695.5M | 746.5M | 803.2M |
| Avg | 664.6M | 707.2M | 779.7M |
| Low | 620.3M | 651.5M | 748.6M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 14.0% | 12.3% | 13.6% |
| Avg | 8.9% | 6.4% | 10.3% |
| Low | 1.7% | -2.0% | 5.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.65 | 0.76 | 0.86 |
| Avg | 0.56 | 0.62 | 0.84 |
| Low | 0.42 | 0.47 | 0.80 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 35.6% | 36.0% | 37.8% |
| Avg | 15.8% | 12.4% | 33.9% |
| Low | -12.2% | -15.4% | 28.6% |
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.