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Equity Residential (EQR) Stock Forecast & Price Target

$63.37
-1.27 (-1.96%)
(As of 05/29/2024 ET)

Equity Residential - 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

Hold
Based on 17 Analyst Ratings

Consensus Price Target

$68.22
7.65% Upside
High Forecast$75.00
Average Forecast$68.22
Low Forecast$59.50
TypeCurrent Forecast
5/31/23 to 5/30/24
1 Month Ago
5/1/23 to 4/30/24
3 Months Ago
3/2/23 to 3/1/24
1 Year Ago
5/31/22 to 5/31/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
4 Buy rating(s)
6 Buy rating(s)
Hold
11 Hold rating(s)
9 Hold rating(s)
9 Hold rating(s)
9 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
3 Sell rating(s)
Consensus Price Target$68.22$67.04$65.68$70.12
Forecasted Upside7.65% Upside8.80% Upside8.98% Upside8.99% Upside
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EQR 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.
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EQR 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.
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Equity Residential Stock vs. The Competition

TypeEquity ResidentialFinance CompaniesS&P 500
Consensus Rating Score
2.35
2.44
2.49
Consensus RatingHoldHoldHold
Predicted Upside7.65% Upside62.16% Upside12.18% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/14/2024Morgan Stanley
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 Boost TargetEqual Weight ➝ Equal Weight$68.00 ➝ $70.00+4.74%
5/14/2024Scotiabank
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 Boost TargetSector Perform ➝ Sector Perform$65.00 ➝ $72.00+7.74%
5/14/2024UBS Group
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 Boost TargetBuy ➝ Buy$73.00 ➝ $75.00+11.94%
5/13/2024Evercore ISI
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S. Sakwa
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DowngradeOutperform ➝ In-Line$70.00+4.79%
4/29/2024Wedbush
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 Reiterated RatingNeutral ➝ Neutral$68.00+4.02%
4/29/2024Piper Sandler
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 Boost TargetNeutral ➝ Neutral$62.00 ➝ $70.00+7.46%
4/22/2024BMO Capital Markets
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 UpgradeMarket Perform ➝ Outperform$68.00 ➝ $70.00+13.75%
4/9/2024Truist Financial
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 Lower TargetBuy ➝ Buy$71.00 ➝ $67.00+4.02%
3/18/2024Raymond James
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 UpgradeUnderperform ➝ Market Perform
2/28/2024Mizuho
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 Lower TargetNeutral ➝ Neutral$62.00 ➝ $61.00+2.57%
2/22/2024The Goldman Sachs Group
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 Reiterated RatingBuy$70.00+14.32%
2/20/2024Barclays
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 Lower TargetEqual Weight ➝ Equal Weight$69.00 ➝ $67.00+11.61%
2/1/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$65.00 ➝ $66.00+10.89%
1/30/2024Deutsche Bank Aktiengesellschaft
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 Initiated CoverageHold$64.00+7.58%
11/17/2023Stifel Nicolaus
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 Lower TargetHold ➝ Hold$60.00 ➝ $59.50+7.83%
9/5/2023Wells Fargo & Company
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 UpgradeEqual Weight ➝ Overweight$62.00 ➝ $69.00+7.81%
8/21/2023JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$72.00 ➝ $73.00+15.00%
6/9/20233M
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 Reiterated RatingUpgrade
2/15/2023Citigroup
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 Boost TargetNeutral$68.00 ➝ $70.00+6.17%
1/11/2023BTIG Research
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 DowngradeBuy ➝ Neutral
1/9/2023Credit Suisse Group
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 DowngradeOutperform ➝ Neutral$58.00-2.29%
11/17/2022Argus
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 UpgradeHold ➝ Buy$72.00+16.98%
10/19/2022Jefferies Financial Group
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 Lower TargetHold$72.00 ➝ $64.00-1.55%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 09:09 AM ET.

EQR Frequently Asked Questions

What is Equity Residential's stock forecast and purchase recommendation?

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Equity Residential is $68.22, with a high forecast of $75.00 and a low forecast of $59.50. The consensus rating for Equity Residential stock is Hold based on the current 11 hold ratings and 6 buy ratings for EQR. Learn more on EQR's analyst rating history.

Do Wall Street analysts like Equity Residential more than its competitors?

Analysts like Equity Residential less than other "finance" companies. The consensus rating score for Equity Residential is 2.35 while the average consensus rating score for "finance" companies is 2.44. Learn more on how EQR compares to other companies.

Is Equity Residential being upgraded or downgraded by Wall Street analysts?

Over the previous 90 days, Equity Residential's stock had 2 upgrades and 1 downgrade by analysts.

Does Equity Residential's stock price have much upside?

According to analysts, Equity Residential's stock has a predicted upside of 8.46% based on their 12-month stock forecasts.

What analysts cover Equity Residential?

Equity Residential has been rated by research analysts at BMO Capital Markets, Evercore ISI, Morgan Stanley, Piper Sandler, Raymond James, Scotiabank, Truist Financial, UBS Group, and Wedbush in the past 90 days.


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This page (NYSE:EQR) was last updated on 5/30/2024 by MarketBeat.com Staff

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