Phillips Edison & Company, Inc. (PECO)
NASDAQ: PECO · IEX Real-Time Price · USD
32.41
+0.39 (1.22%)
Apr 18, 2024, 4:00 PM EDT - Market closed
Phillips Edison & Company Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for PECO stock have an average target of 38, with a low estimate of 32 and a high estimate of 44. The average target predicts an increase of 17.25% from the current stock price of 32.41.
Analyst Consensus: Buy
* Price targets were last updated on Feb 23, 2024.
Analyst Ratings
The average analyst rating for PECO stock from 6 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 0 | 0 | 0 |
| Hold | 2 | 3 | 3 | 3 | 3 | 3 |
| Sell | 1 | 1 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 6 | 6 | 6 | 6 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Mizuho | Mizuho | Hold → Strong Buy Upgrades $35 → $37 | Hold → Strong Buy | Upgrades | $35 → $37 | +14.16% | Feb 23, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $39 → $37 | Hold | Maintains | $39 → $37 | +14.16% | Feb 14, 2024 |
| BMO Capital | BMO Capital | Hold Maintains $37 → $40 | Hold | Maintains | $37 → $40 | +23.42% | Dec 15, 2023 |
| Mizuho | Mizuho | Hold Maintains $36 → $35 | Hold | Maintains | $36 → $35 | +7.99% | Dec 1, 2023 |
| Wells Fargo | Wells Fargo | Sell Maintains $35 → $32 | Sell | Maintains | $35 → $32 | -1.27% | Nov 13, 2023 |
Financial Forecast
Revenue This Year
659.68M
from 610.12M
Increased by 8.12%
Revenue Next Year
701.82M
from 659.68M
Increased by 6.39%
EPS This Year
0.54
from 0.48
Increased by 13.54%
EPS Next Year
0.59
from 0.54
Increased by 8.29%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 696.4M | 752.3M | 794.7M |
| Avg | 659.7M | 701.8M | 761.5M |
| Low | 610.3M | 625.2M | 725.2M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 14.1% | 14.0% | 13.2% |
| Avg | 8.1% | 6.4% | 8.5% |
| Low | 0.0% | -5.2% | 3.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.63 | 0.71 | 0.80 |
| Avg | 0.54 | 0.59 | 0.76 |
| Low | 0.41 | 0.48 | 0.72 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 31.3% | 31.0% | 35.2% |
| Avg | 13.5% | 8.3% | 28.8% |
| Low | -14.3% | -11.9% | 21.2% |
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.