EastGroup Properties (EGP) Stock Forecast & Price Target

$173.66 -1.32 (-0.75%)

(As of 11/7/2024 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 14 Analyst Ratings

Sell
0

Hold
6

Buy
8

Based on 14 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 14 analysts, 6 have given a hold rating, and 8 have given a buy rating for EGP.

Consensus Price Target

$191.50
10.27% Upside

According to the 14 analysts' twelve-month price targets for EastGroup Properties, the average price target is $191.50. The highest price target for EGP is $209.00, while the lowest price target for EGP is $167.00. The average price target represents a forecasted upside of 10.27% from the current price of $173.66.

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EGP Analyst Ratings Over Time

Type	Current Forecast 11/8/23 to 11/7/24	1 Month Ago 10/9/23 to 10/8/24	3 Months Ago 8/10/23 to 8/9/24	1 Year Ago 11/8/22 to 11/8/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	9 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	7 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	$191.50	$192.07	$186.85	$186.08
Forecasted Upside	10.27% Upside	8.17% Upside	2.80% Upside	9.98% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Moderate Buy

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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	2.57	2.48	2.50
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	9.44% Upside	9.84% Upside	7.35% Upside
News Sentiment Rating	Neutral News See Recent EGP 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
11/4/2024	Wells Fargo & Company 3 of 5 stars	J. Feldman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$214.00 ➝ $199.00	+16.24%
10/30/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Sector Perform ➝ Sector Perform	$186.00 ➝ $186.00	+6.25%
10/25/2024	Wedbush 3 of 5 stars	R. Anderson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$209.00 ➝ $209.00	+17.45%
10/10/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$198.00 ➝ $193.00	+9.14%
10/7/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Sakwa Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Outperform ➝ Outperform	$204.00 ➝ $205.00	+15.11%
9/5/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating	V. Malhotra Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$175.00 ➝ $200.00	+7.72%
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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	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$176.00 ➝ $190.00	+5.08%
7/30/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$178.00 ➝ $198.00	+5.68%
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 Thursday at 08:25 PM ET.

EGP Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for EastGroup Properties is $191.50, with a high forecast of $209.00 and a low forecast of $167.00.
: 14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for EastGroup Properties in the last twelve months. There are currently 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" EGP shares.
: According to analysts, EastGroup Properties's stock has a predicted upside of 10.27% based on their 12-month stock forecasts.
: Over the previous 90 days, EastGroup Properties's stock had 3 upgrades by analysts.
: EastGroup Properties has been rated by research analysts at Barclays, Evercore ISI, Mizuho, Morgan Stanley, Royal Bank of Canada, Wedbush, and Wells Fargo & Company in the past 90 days.
: 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.

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This page (NYSE:EGP) was last updated on 11/7/2024 by MarketBeat.com Staff

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EastGroup Properties (EGP) Stock Forecast & Price Target