EastGroup Properties (EGP) Stock Forecast & Price Target

$190.51

+3.01 (+1.61%)

(As of 03:37 PM ET)

EastGroup Properties - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 15 Analyst Ratings

Based on 15 Wall Street analysts who have issued ratings for EastGroup Properties in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 15 analysts, 6 have given a hold rating, and 9 have given a buy rating for EGP.

Consensus Price Target

$192.00
0.78% Upside

High Forecast	$214.00
Average Forecast	$192.00
Low Forecast	$167.00

According to the 15 analysts' twelve-month price targets for EastGroup Properties, the average price target is $192.00. The highest price target for EGP is $214.00, while the lowest price target for EGP is $167.00. The average price target represents a forecasted upside of 0.78% from the current price of $190.51.

Type	Current Forecast 9/17/23 to 9/16/24	1 Month Ago 8/18/23 to 8/17/24	3 Months Ago 6/19/23 to 6/18/24	1 Year Ago 9/17/22 to 9/17/23
Consensus Rating	Moderate Buy	Hold	Hold	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)
Hold	6 Hold rating(s)	7 Hold rating(s)	10 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$192.00	$186.85	$182.41	$185.60
Forecasted Upside	0.78% Upside	10.91% Upside	10.98% Upside	10.17% Upside

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EGP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

EGP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

EastGroup Properties Stock vs. The Competition

Type	EastGroup Properties	Finance Companies	S&P 500
Consensus Rating Score	2.60	2.47	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	1.46% Upside	14.85% Upside	8.03% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/16/2024	Evercore ISI 2 of 5 stars		Upgrade	In-Line ➝ Outperform	$192.00 ➝ $204.00	+8.80%
9/5/2024	Mizuho 2 of 5 stars	V. Malhotra Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$175.00 ➝ $200.00	+7.72%
8/28/2024	Wells Fargo & Company 3 of 5 stars	J. Feldman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$179.00 ➝ $214.00	+14.80%
8/22/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$158.00 ➝ $186.00	+0.69%
8/5/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Anderson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$208.00 ➝ $209.00	+14.67%
8/5/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$176.00 ➝ $190.00	+5.08%
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7/30/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$178.00 ➝ $198.00	+5.68%
7/30/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$172.00 ➝ $186.00	-0.03%
7/30/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$175.00 ➝ $198.00	+5.88%
6/4/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$167.00	+2.68%
5/2/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$190.00 ➝ $183.00	+16.08%
5/1/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$195.00 ➝ $175.00	+12.56%
4/29/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$215.00 ➝ $200.00	+28.27%
4/22/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform	$190.00	+19.29%
10/27/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$180.00	+13.72%
7/26/2023	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$198.00 ➝ $218.00	+18.00%
7/14/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$195.00 ➝ $210.00	+13.27%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 04:05 PM ET.

EGP Forecast - Frequently Asked Questions

What is EastGroup Properties' forecast for 2024?: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for EastGroup Properties is $192.00, with a high forecast of $214.00 and a low forecast of $167.00.
Should I buy or sell EastGroup Properties stock right now?: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for EastGroup Properties in the last twelve months. There are currently 6 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" EGP shares.
Does EastGroup Properties's stock price have much upside?: According to analysts, EastGroup Properties's stock has a predicted upside of 10.05% based on their 12-month stock forecasts.
Has EastGroup Properties been upgraded by Wall Street analysts recently?: Over the previous 90 days, EastGroup Properties's stock had 4 upgrades by analysts.
What analysts cover EastGroup Properties?: EastGroup Properties has been rated by research analysts at Barclays, Evercore ISI, KeyCorp, Mizuho, Morgan Stanley, Royal Bank of Canada, Truist Financial, Wedbush, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like EastGroup Properties more than its competitors?: Analysts like EastGroup Properties more than other "finance" companies. The consensus rating for EastGroup Properties is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how EGP compares to other companies.